GVHSF MINUTES 10-05-1992
GOLDEN VALLEY FOUNDATION MEETING
MINUTES OF OCTOBER 5, 1992
MEMBERS PRESENT: Don Anderson; Gloria Johnson; Terri Mattson; Jack Cole; Jeff Loeb;
MEMBERS ABSENT: Ruth Heaner (excused); Ed Hara (excused); Cal Stoll;
OTHERS PRESENT: Sue Virnig, Assistant Finance Director
The meeting was called to order at 7:05 pm. by Chair Jeff Loeb.
Approval of minutes of September 21, 1992: The minutes of the meeting of September
21st, 1992 were approved with one correction. Under "Election of Officers" the word
"The'" was added online two at the beginning of the second sentence.
The application package recommended by the sub-committee was reviewed. The following
changes were made:
Application for Funding: It was moved, seconded and passed that on line #10
to add at the end of the Lime "for this specific project/program/service."
Foundation Requirements: It was moved, seconded and passed that the 25% of
revenue for administrative expenses etc. be changed to 15% in three places.
Ongomng: It was moved, seconded and passed to correct the typo of the word
directors in line b.
It was moved, seconded and passed to adopt the sub-committee recommendations subject
to the changes noted above.
Report to the City Council: A verbal report will be made to the City Council at
their regularly scheduled meeting on October 20th by chair Jeff Loep,. The report
will report the status of the Foundation to date.
On November 10, 1992 the Foundation will present a written recommendation to the
City Council for grants to be made by the Foundation funds.
Foundation Funding for the 1993 are estimated to be $54,691. Application packages
just approved at this meeting will be sent out to several organizations with a
request that they send the completed application package back to the City Hall,
Attention Sue Virnig, not later than October 26, 1992.
The chair called for other business and there was none.
The next Foundation meeting will be on Monday, November 2, 1992, 7:00 pm at the
Golden Valley City Hall OityCotincil Conference Room.
There being no further business, the meeting was adjourned at 8:00 pm.
~($~~
DONAIlD B. ANDERSON,
Foundation Secretary