Alaska State Fair Board

Minutes
Alaska State Fair Board of Directors
Meeting Held on the Fairgrounds
February 11, 2010

President John Harkey called the meeting to order at 8:56 pm. Present: Directors John Harkey, Carol Kenley, John Erickson, Bonnie Quill, Bruce Bush; new Directors Sarah Cimino and John Tracy were welcomed to the Board.

CONSENT AGENDA
Agenda, Minutes:
Quill/Bush/MCU: Approve Jan 14, 2010 minutes and the consent agenda.
REPORTS AND INFORMATION ITEMS
Finance Report – Accounting Manager Mason reported total current assets of $1,497,633.35, total fixed assets of $3,881,039.23, total current liabilities of $23,148.58, no long-term liabilities (due to paying off of Raven Hall mortgage), and total equity of $5,363,094.55 as of December 31, 2010. Included in the assets was $1,239,158.40 in the general checking account. Kenley/Bush/MCU: Approve the December 31, 2009 financial report.
General Manager's Report
Ritari's written report contained updates on sponsorships, vendor packet, ADA, Special Santa building, entertainment bookings, order for Farm Exhibits portable flooring, grant requests, IT upgrade, addition of new staff, and contracting auditing firm.
Upcoming Juneau trip to talk to legislators regarding funding for sewer and bleacher upgrades was discussed, set for first week of March, with Harkey, Kenley, and Ritari to attend ande-mailing legislators in advance to say looking forward to meeting with you once the meetings are scheduled.

ACTION ITEMS
Certification of Election
Erickson/Quill/MCU: To certify the annual election of directors and approval of amendments to Bylaws, Article II, Sections 1 and 3.
Election of Officers
President Harkey opened the floor for nominations:
Erickson/Quill/MCU Bush opposed: To retain Harkey as President.
Bush/Cimino/MCU: To retain same slate of remaining officers as last year (Quill as Vice President, Kenley as Secretary and Erickson as Treasurer).
Bush excused at 9:59 pm.
School Board Spokesperson
Ritari, Phipps, Kenley, Cimino chosen as spokespersons to speak to the Matanuska Susitna School Board on the 2010 School calendar.
Schedule Operations Committee Meeting
Meeting scheduled for Thursday, February 25th at 6 pm, Craftsman House.
Committee Members: Directors Kenley, Quill, Tracy; Staff Ritari, Meekin.
It was requested Rebarchek House be put on March agenda.

MEMBERS COMMENTS: None

BOARD COMMENTS: Presiding Directors welcomed new Board members.
Kenley/Tracy/MCU: To adjourn at 10:10:45 pm.