Due to the lack of a quorum, there was no official meeting. The following members discussed the below issues: President Joan Smith, Treasurer Jessie Cope, Loretta Washington and Secretary Dick Weiss.
Operating Fund current balance at BB&T Bank – $2,749.93
Kile Fund current balance at PNC Bank – $52,167.06
KILE FUND FEES
Joan pointed out that Bank of America management fees on the fund’s 2019 income of approximately $9.600.00 were over $5,600.00, nearly 60%. When this was brought to the bank’s attention, officials there said the fee would be cut in half. It appears this has not happened, and Joan will consult with Leroy Watson on going back to the bank on this issue.
WASHINGTON DC EXPERIENCE TRAVEL EXPENSES
One of the participant’s total airline expense of $1,1012 includes her mother’s airfare. The question was how to apply the $800.00 travel expense limit. There was consensus to apply it to the participants expenses only, which will include her airfare, hotel expense and incidentals and will likely reach the $800.00 limit.
APRIL 8 MEETING
On April 8 Potomac Grange will host its annual tenants’ breakfast to be followed by our monthly meeting at noon. Joan will prepare chili for lunch.
Joan filled us in on the New Hampshire Fly-in experience and other activities for the remainder of the call.
Good of the Order/Sick or in Need
There was no further business and the meeting adjourned.
Richard Weiss, Secretary