FIRST PRESBYTERIAN CHURCH OF LAS CRUCES FOUNDATION, INC.

                                     Stated MEETING

                                                               Thursday July 29, 2010

 This Cooperation is to be operated exclusively to support

and benefit First Presbyterian Church, Las Cruces, New Mexico.

Directors of the Corporation will endeavor to raise funds and manage the funds for this purpose.

jimandjacqueparks@comcast.net

 The meeting was opened with prayer and called to order by Jim Parks.  Present were Lyn Ames, Arlyn Kriegel, Jim Parks, Nancy Cox, Kate Puckett, Blaine Goss and Joan Rawson

 A quorum was established

The agenda was approved as submitted.

The minutes of the July 29^th meeting were approved.

 Nancy presented the financial statements ending June 30, 2010.  Discussion followed concerning how and when to invest the current assets, where they came from and who has the authority to do so.

 A motion was made and unanimously approved that “all money in the checking account, over $20,000.00, be moved into an income producing account”.

 There are approximately 240 shares of stock that the Session and or Foundation .need to address

       Discussion followed on the need to have a person knowledgeable in the investment area on the board.  A motion was made and unanimously approved that “we ask Roger Sellers (a member of our congregation) if he would serve on the Foundation board.”

On August 1^st an email vote was taken and passed to request session approve this action:

Session Action Item:  Approve Roger Sellers as a member of the Foundation Board—term through 2013.

 There was a good discussion on the need to promote the Foundation, education about it, raising money and the possibility of getting some one on the Board to lead us in that area. 

 A report was given on the rental of the Missouri house and the necessary replacement of the air conditioning unit.  The Durazno  house was discussed as possibly being given to the Foundation to manage.  If we continue to manage these properties and possibility others, the need to have a person in the real estate field on the board was discussed.  It is now being handled by Jim Parks and Charlie Yaryan.

 It was recommended and agreed as a matter of policy that an attempt be made to always include a member of the church Administration Committee on the Foundation Board.

It was agreed that items coming up between our meetings could be discussed and voted on by Email.

A motion was made and past unanimously to move the quarterly meeting of the Foundation to the 4^th Tuesday of the month.  The next meeting will be October 26.

 There was discussion about our accounting system and the possibility of getting   “fund accounting” software.  This item was tabled for now.

 At this time there seems to be no need for additional money for Bus fund and its garage.

 It was reported that the signature cards at the bank, for both the checking and money market account, had all been signed by the present officers. 

 The meeting was adjourned with prayer.

Return to home page

Send comments, suggestions, and requests to Alex. F. Burr or send e-mail to aburr @ aol.com.
Technical assistance and net access provided by zianet.com .
Last update 2010-11-19 22:37:53