RI SILC: Rhode Island Statewide Independent Living Council | Together, Making a Difference

Minutes | Finance Committee Meeting 08.20.2010

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Statewide Independent Living Council
Finance Committee

August 20, 2010
1:30-3:00 PM

93 Gooding Ave, Suite 3
Bristol, RI 02809

Members Present:

Madeline Colon; Rick Costa; Jack Ringland; Barbara Rozul, Treasurer/Committee Chairperson; Heidi Showstead

Staff Present:

Camille Pansa, Executive Director; Lisel Rockwood, Program Assistant

  1. Approval of minutes for July 16, 2010 meeting: A motion was made by Madeline Colon and seconded by Jack Ringland to accept the minutes as written. The vote passed unanimously.
  2. Continue 2010 budget projection – actual through July: Line items were reviewed and changes made as needed.
  3. Audit: The advantages and disadvantages of being a 501 (c) 3 nonprofit organization was discussed. At this time the committee feels that any costs directly related to the 501 (c) 3 status are not detrimental to the budget and will make no recommendations to the Executive Committee to change the status. The cost and potential funding of the yearly audit was also discussed. The committee expressed their concerns but will defer any further action until additional correspondence is received from ORS.
  4. New equipment purchased: RISILC staff reported that new computers have been purchased to replace the outdated ones. They are still in the process of checking costs of the other accessible equipment.
  5. Committee structure: tabled.
  6. Move to Corliss: Not all of the current office furniture is owned by the Council and replacement furniture will be needed to maximize the office and storage space. A motion was made by Jack Ringland and seconded by Heidi Showstead to purchase appropriate office furniture for the new office spending with a budget of $3500 and not to exceed $5000. The vote passed unanimously.
  7. New budget FY 2011-13: The new budget has been submitted to ORS and it has been accepted. The new contract is expected to arrive shortly.
  8. Annual meeting and dinner: The meeting will be held at the Radisson Airport Hotel in Warwick on September 29th. The business meeting will commence at 4 p.m. and will be followed by dinner. An announcement will be sent to all Council Members.
  9. New Business: none.

Respectfully submitted,
Rick Costa, Secretary

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