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Community Impact Fund Board
Meeting July
27, 2004
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Call to Order –
Allison Friar
-Attendance
Peter
Ansbacher, Christine Bauer, Chris Compton, Beth Connell, Allison Friar, Carmen
Gardiner, Jeff Gordon, Tina Gordon, Amanda Grim, Patrick Hefferan, Reed
Hollander, Dupre Jones, Amanda Pence, Phil Rau, Karen Schellhorn, Melissa
Taylor, Jeff Zabawa
Project Presented: Big Air Mountain Bike Race (Initial)
Chair: James Rhew
Karen Schellhorn moved to accept the CPG with $2900.00 CIF appropriation.
Amanda Grim seconded the motion.
Motion to accept the CPG passed.
Project Presented: Brookhill Gala (Final)
Chair: Nancy Coyne/Linda Opacic
Christine Bauer moved to accept the CPG with a return of $1400.00.
Karen Schellhorn seconded the motion.
Motion to accept the CPG passed.
Project Presented: HOBY (Final)
Chair: Tina Gordon
Karen Schellhorn moved to approve the CPG with a deposit to fund balance of $25,541 to bank account.
Christine Bauer seconded the motion.
Motion to accept the CPG passed.
Tina Gordon made a motion for a resolution. The resolution is as states:
Pursuant to Section VI of the CIF Policy Handbook, I make a motion for a resolution to establish a reserve account for HOBY funds in excess of $10,000 at the end of a HOBY operating year to be deposited. The CIF Treasurer with the assistance of the appropriate Community Fundraising Director, the Community Fundraising Vice President and the HOBY Executive Director will investigate accounts that will allow for the highest possible interest rates while keeping risk to a minimum.
All transfers from the reserve account back to the checking account must be approved by the HOBY Executive Director, the Community Fundraising Director, and the Community Fundraising Vice President. Transfers in excess of $5000 in a HOBY operating year (traditionally August-July) should be approved by the CIF Board of Directors.
Karen Schellhorn seconded the motion.
Motion carries.
Community Fundraising (Karen Schellhorn)
Scholarship fund will present 3 checks at the next GMM.
Bid for Bachelors upcoming,
Looking for a chair for Christmas Tree Sales
Treasury (Christine Bauer)
In the future, for projects other than GoodFellows and HOBY where we need to put deposits down, we do not have the money in CIF. The Raleigh Jaycees will need to donate to CIF for these purposes.
There will be more detailed financial information at the board retreat.
Credit card fees that relate to CF fundraising – just over $400 was netted away from that.
Allison, on behalf of Leah Breckstein, asked that the chapter cover credit card fees for Bid for Bachelors.
It has always been our process to give net proceeds to a charity.
Allison suggested we continue the previous practice.
Dupre Jones said the project chair can decide if they only want cash/checks and can ask for chapter to offset costs
Legal Counsel (Reed Hollander)
No update
Reed will check on the Bike Race being covered in the insurance.
Secretary
Susan Lynch made a motion to approve the June CIF board meeting minutes
Karen Schellhorn seconded the motion.
Minutes approved.
Meeting adjourned
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