Board of Directors Meeting Minutes

• File Number: 8461.400
• Description: SPWRAP
• State: CO
• Basin: South Platte
• Water Division: 1
• Date: 5/15/2008
• Author: SPWRAP
• Title: Board of Directors Meeting Minutes
• Water Supply Pro - Doc Type: Minutes

South Platte Water Related Activities Program, Inc.
220 Water Avenue, Berthoud, Colorado, 80513 SPWR,A P
May 15, 2008
Meeting Minutes of the Board of Directors
Directors Present: Alan Berryman, Dennis Bode, Lisa Darling, Greg Dewey,
Kim Elkins, Dennis Harmon, Kevin Urie and Randy Rhodes
Directors Absent: John Kolanz
1. CALL TO ORDER / INTRODUCTIONS
Lisa Darling called the SPWRAP Meeting to order at 10:00 am at the headquarters of
Northern Water. There was a quoruxn of Directors.
2. ADDITIONS/CHANGES TO THE AGENDA
There was a suggestion to add an update by Deb Freeman, "Update on meeting with
USFWS regarding depletions". The revised agenda was approved by consensus.
3. MINUTES FROM THE APRIL 17, 2008 BOARD MEETING
Minutes of the April 17, 2008 Board Meeting were approved by consensus with one
minor change in paragraph number 9 from the version that was emailed out. This change
will be reflected in the final version.
4. FINANCIAL REPORT
Dennis Harmon presented the SPWRAP fmancial report, including a financial statement
through May 13, 2008. Dennis Harmon also said the following bill needed to be paid:
• Trout, Raley, Freeman, et a1. for legal services (Maz/Apr) -$1,850.32
MOTION.• Dennis Harmon moved that the board approve payment of the bill listed in the
financial report. Greg Dewey seconded the motion and it was approved unanimously by
the directors present.
5. FINANCE COMMITTEE UPDATE
The balance in the money market account is large enough to warrant placing a portion of
the funds into another secure inveshnent option. T'he fmance committee (Dennis Harmon
and Greg Dewey) researched the option of using Colorado Trust and CSAFE and
believes both to be good options. The board consensus was to move some money to
both Colorado Trust and CSAFE.
MOTION.• Dennis Harmon moved that the board adopt the model resolution for
Colorado Trust and CSAFE to allow movement of money to these entities. Dennis Bode
seconded the motion and it was approved unanimously by the directors present.
Dennis received proposals from accounting firms to do a third-party audit. Dennis
circulated to the Board the written proposals from Hunt, Spillman, and Associates, p.c.
and David J. Dunn, p.c.
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