March 21th, 2002 Minutes

Foundation Minutes- Board Meeting

Call to order- 3:40PM

Roll call- Debbie Tomich, Rose Mack, Lorna Frahm, Jim Koetting, Bill Zollman, Tim DeGhelder,Bob Houck, Carl Sandstedt.

Note: No minutes from Jan. 17th 2002- No Quorum.

Motion by Lorna Frahm to accept minutes from November 15th meeting.

Second Rose Mack

Motion Passed

Financial Report given by Bob Houck  

Bob circulated balance sheet.  Bob Houck supplied all information related to investments summary dated 3/15/2002.   Bob also gave information on all Foundation investments

Motion by Rose Mack to accept financial report

Second Lorna Frahm

Motion Passed

Comments from the Foundation Board- 

Tim De Ghelder

Gave update on Trivia Night fund-raiser- handed out projected cost and profit-

Staff Liaison's report- See Director's Report

Director's report- Carl Sandstedt

• MAP- foundation library- grant application sent in

• Administration building coming along

• Old Administration building use as nonprofit center

Old Business

Periodical Sponsorship Program- Two New Sponsors

Householder Scholarship- Funding for 2002

Motion by Jim Koetting to give out $600 for the year 2002

Second- Lorna Frahm

Motion passed.

New  Business-

By-laws amendment- Article II: BOARD OF DIRCETORS: Section 1. Duties

Motion to amend by-laws- Rose Mack

Second Jim Koetting

Motion passed

New  Business-

Trivia Night Fund-raiser

Motion made by Lorna Frahm to release up to $500 for trivia night expenses.

Second by Rose Mack

Motion Passed

New  Business-

Nominations: Marla Pundmann as representative of Building Corporation

Motion by Lorna Frahm to accept Marla Pundmann

Second by Rose Mack

Motion passed

New Business

Sam's Club Donation ($1000 matching request)

Motion made by Bill Zollman for foundation to match gift of $1000 given by Sam's.

Second Tim De Ghelder

Motion passed

Motion made by Jim Koetting to adjourn at 4:32pm

Second Bill Zollman

Meeting Adjourned 

Next Meeting set for May 16th at 3:30pm. (Administration Building)