Alaska State Fair Board

Vice President Bonnie Quill called the meeting to order at 7:14 pm. Present:  Directors Kenley, Cimino; Erickson, Bush with Director Harkey attending via teleconference. Director Tracy absent.

CONSENT AGENDA
Agenda, Minutes: 7:14
Kenley/Erickson/MCU: To approve Agenda and last month’s meeting with change of meeting date to June 8, rather than June 11.

REPORTS AND INFORMATION ITEMS

1. Finance Report – Accounting Manager Mason reported balance sheet of 6/30/2010 reflected current assets of $1,423,469.71, fixed assets of $4,076,005.40 with total assets amounting to $5,499,475.11 and current liabilities of $74,075.91, total equity of $5,425,399.20 with liabilities and equity totaling $5,517,620.84. She reported income of $263,698.65 and expenses of $333,214.71 for a total net income of $31,360.33 as of 6/30/2010.
Kenley/Cimino/MCU: To approve the July financial report.

2. General Manager’s Report
Ritari reported; MEA Board approved entering into negotiations with Alpine Energy; Randy Kaer will be visiting with neighbors to explain benefits of co-gen.; zoning request to P&Z; work with City on creating new zone for fairgrounds; Facebook now exceeds 10,500 fans; if concert sales continue budget figures should be met; Chickaloon Village proposal to discuss in September; Fair souvenirs available for viewing next week; auditors almost finished; Aug 17 Ag Appreciation Day-Fair is a sponsor; VIP Hospital tent entry criteria; no communication for uses of Craftsman House; and MTA is offering free wi fi for anyone working on grounds.

3. Director’s Reception
Ritari requested Directors advise of any names they want added to invitation list and reported plaque presentation will be made to Farm Family.

Harkey reported on 30 minutes Board spent with Governor thanking him for his support of tourism and impressing on him the importance of our need for help for improving sewer capacity.

Meeting recessed at 8:12pm and went into Executive Session at 8:22 pm.
8:42 pm came out of Executive Session, no action taken.

Meeting adjourned at 8:45 pm.