2016-04-11 STMA Ice Arena Board MinutesST. MICHAEL - ALBERTVILLE ICE ARENA BOARD MINUTES
April 11, 2016
6.00 p.m.
Present: Members Gayle Weber, John Vetsch, Walter Hudson, and Chairman Chris Schumm.
Members Gulick and Lindquist were absent. Also present: City Administrator Adam Nafstad, Youth
Hockey Association Chris Hanson, and Caroline Stutsman of BerganKDV. The meeting was called to
order at 6:00 p.m. by Chairman Schumm.
Set Agenda
Members Vetsch/Hudson moved to set the agenda as presented. All voted aye.
Approval of Minutes
Members Weber/Hudson moved to approve the minutes of the March 14, 2016 Board Meeting as
presented. All voted aye.
2015 Audit
Stutsman presented the audit and 2015 financials. In general, the year ended with 2015 revenues
exceeding expenses by $24,533, which was primarily due to less than projected utility expenses.
Member Hudson inquired about resources needed to fully comply with segregation of accounting
duties. Stutsman stated more than two additional accounting staff would be needed.
Members Vetsch/Hudson moved to accept the 2015 audit as presented. All voted aye.
Finance Reports
Members Vetsch/Hudson moved to approve the March list of claims totaling $11,697.43 and the
March Financial Report as presented. All voted aye.
Arena Manager's Report
Nafstad noted the renewal of the maintenance contract with SCR.
2016 Budget
Members Vetsch/Hudson moved to adopt the 2016 Budget as presented. All voted aye.
Youth Hockey Association
Mr. Hanson inquired about improved budget tracking; specifically, if a column could be added to the
monthly financials showing percentage of Actual YTD to Budgeted YTD.
Nafstad suggested showing YTD Ice Rental vs.YTD Projected Rental.
Member Hudson asked Nafstad to follow up with potential options.
Adiourn
Meeting adjourned at approximately 6:30 p.m.
Attest:
Adam Nafstad, F Administrator