ROTONDA WEST ASSOCIATION, INC.
Budget & Finance Committee
Minutes
September 27, 2007

Present:  Bruce Miller, Claudette Romano, Hank Artz, John Carroll, Fred Warner

Absent: Bud Nill, Lois Burger

Management:  Julie Pittman, Manager, Norene Kugler, Assistant Manager

Other Members Present:  Joe Romano, George Krabbe, John Eisele, Gerry Townsend

The meeting was called to order at 2:03 p.m. and Roll Call was taken.  Minutes from September 10, 2007 and September 19, 2007 were accepted as corrected. 

Approve Gerry Townsend as a Committee member:  Claudette Romano made a motion to approve Gerry Townsend as a member of the Budget and Finance committee. John Carroll seconded.  Motion passed unanimously.  Bruce Miller will bring the motion to the Board. 

Review Insurance Premiums: Bruce Miller discussed the insurance for RWA.  Bruce asked Julie to contact Rich Smythe from Key Insurance Agency and ask him to make our policy dates run the same as the calendar year. Bruce asked that this information be available by the next workshop scheduled on Tuesday, October 2, 2007.

2008 Proposed Budget:

Bruce Miller indicated that he and Claudette were present at the Aquatics meeting on September 26, 2007.  The Committee continued to prepare and discuss the 2008 Proposed Budget. 

Amounts input into the Budget: 

A/C contract:  $325

Pest Control Contract: $220

Management & Secretary’s:  Decreased to:  $151,045

Custodian:  $3224

Aquatics Canal System Budget: 

Bruce Miller discussed the changes to the Aquatic Operating and Reserve budgets.  The Florida Aquatics contract was already in the budget in a different area, so it has been removed by the Budget and Finance Committee, therefore $115, 920 was decreased from Aquatics Operating Budget.  Operating Budget request: $49,418, Reserves Budget request: $38,550.

Next meeting: October 2, 2007.

Meeting Adjourned:  1:00 p.m.

Julie Pittman, Manager