Foundation Committee Minutes

LAKE COUNTY BAR FOUNDATION BOARD OF TRUSTEES MEETING MAY 24, 2022 IN ATTENDANCE: BY ZOOM:

Joann Fratianni Steven McCollum Douglas Dorando Joe McHugh Carey Schiever John Quinn, Sr. Melanie Rummel Jennifer Ashley Rick Lesser David Stepanich Keith Grant Jeffrey Berman David Gordon Melanie Rummel Nandia Black Hon. Fred Foreman (Ret.) Amy Lonergan

ALSO IN ATTENDANCE:

Also in attendance: Greg Weider, Executive Director, LCBA, LCBF.

I. CALL TO ORDER:

Meeting was called to order by President Douglas Dorando at 5:05 p.m.

II. APPROVAL OF MINUTES:

The Minutes of April 26, 2022 were presented for approval. Motion to approve the minutes was made by David Gordon and seconded by Jeff Berman. Motion carried.

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III. TREASURER’S

REPORT:

A. STATUS AND BALANCES OF LCBF ACCOUNTS:

Greg Weider delivered the Treasurer’s Report. He reported that there was a total of $140,025.0 in our Operating Account as of the end of April, 2022. Our Building Fund Account shows a balance of $94,644.00 as of the end of April, 2022. The balance on the loan from Lake Forest Bank and Trust is $257,724.78. These amounts were reflected in the Summary attached to the agenda. Motion to approve the report was made by Melanie Rummel and seconded by Jeff Berman. Motion carried.

B. WARRANT/APPROVAL OF EXPENSES PAID:

The Warrants for Expenses for April, 2022 were presented for approval. These expenses total $4,853.10. Motion to approve the expenses made by Jeff Berman and seconded by David Stepanich. Motion carried.

IV. CONTINUING BUSINESS: A. PROPERTY TAX UPDATE:

Amy Lonergan reported that there is a hearing before the Administrative Law Judge on May 31, 2022. She will keep us posted as to the outcome of that hearing.

V. NEW BUSINESS: A. BUDGET:

Greg Weider reported a draft budget has been attached to the agenda for review. The draft budget reflects amounts for increases in gas and electrical rates because of the use of Unit C by the Chicago Workers Coalition. There is also a proposal which reflects a decreasing in the amount for fundraising as we are not going to have an event as expensive as an actual Gala.

B. NEW ACCOUNTANT:

Due to staffing changes, service interruptions, and in an effort to periodically review vendor agreements, Director Weider and LCBA Treasurer Kevin Berrill have been interviewing potential new accounting firms. Director Weider presented a proposal by a selected vendor. The Board asked questions and provided feedback. Motion to allow the Executive Director to explore a business arrangement with the vendor and bring it the Board’s attention for review was made by Keith Grant and seconded by Amy Lonergan. Motion carried.

C. DISCUSSION OF MEETING FREQUENCY:

The Board discussed the possibility of limiting our meetings to every other month or perhaps on a quarterly basis. The Board will revisit this at the July, 2022 meeting.

VI. ADJOURNMENT:

Motion to Adjourn was made by Rick Lesser and seconded by Nandia Black. Motion carried and the Meeting was adjourned at 5:32 p.m.

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