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ARCA Annual Meeting 7 <br /> December 14, 1993 <br /> • 1 MR. LILE: Yes. <br /> 2 CHAIRMAN COOLEY: Colorado votes? <br /> 3 MR. LILE: Aye. <br /> 4 CHAIRMAN COOLEY: Kansas? <br /> 5 MR. HAYZLETT: Votes aye. <br /> 6 CHAIRMAN COOLEY: All right. The mysterious minutes are hereby approved <br /> 7 subject to the signature of both States. <br /> 8 Reports of officers, the Chairman has no report to give at this time. The <br /> 9 Recording Secretary is in a state of flux and we later will take some action on the office of <br /> 10 Recording Secretary consistent with the meeting held last night. We get to Mr. Rogers who's <br /> 11 going to clarify all of the financial affairs of the Compact Administration for us. <br /> 1012 MR. ROGERS: Thank you, Frank, I passed out a balance sheet and a summary <br /> 13 report and the monthly transaction report for December. You all have copies of that? <br /> 14 We have cash and bank accounts in the checking of$96.93; money market <br /> 15 totaling $48,229.71; petty cash of$9.53; for a total of: $48,336.17. Total Assets is the same. <br /> 16 Liabilities, zero, equity is $48,336.17, with a Total Liability and Equity of$48,336.17. <br /> 17 The Summary Report: Assessments brought in$31,800.00; interest received was <br /> 18 $628.44; other Income was $4.56; for a total of$32,433.00 <br /> 19 Expenses was insurance for a bond for$100.00; Legal and Professional, Fees <br /> 20 $6,631.32; Operations Secretary$2,486.12;postage, $92.52; rent paid, $300.00; salaries, <br /> 21 $1,000.00; satellite monitoring, $8,000.00; telephone expenses $487.67; for a total of <br /> 22 $19,097.63. <br /> •23 Total Income and Expense, $13,335.37. <br /> 24 CHAIRMAN COOLEY: Are the legal and professional fees associated with <br />