AGENDA January 27, 2019 I. Review of 2019 Membership To Date II. Review of 2018 YE Financials III. Insurance Coverage Review IV. Report on Boat Launch Repairs (Phase I) V. Additional Repairs to BPCA Property VI. New Business
Total Membership Dues by Type $755 $1,940 $11,940 $10,500 Membership Membership w/ Boat Launch Raffle Donations Total Receipts - $25,135
Bear Point Civic Association Financials 2018
Expenses Maintenance of Facilities Swimming Area $2,695 Fishing Pier $0 Boat Ramp Area $10,246 Civic Building $685 Lawn Maintenance $675 Building Maintenance $23 Total $14,323 Utilities Baldwin EMC Electrical $2,034 Orange Beach Water $349 Total $2,383 Services Insurance $9,558 Cleaning Civic Building $860 Security Guard at Boat Ramp $8,424 Total $18,842
Expenses Other Expenses Office Supplies $1,648 Civic Association Events $262 Fund Raisers $768 Other $7,030 Total $9,708 Bingo Expenses Bingo Games and Supplies $718 Bingo Food $1,808 Total $2,526 Total Expenses $47,783
Deposits Regions Association Dues $36,950 Building Rental $2,000 Raffles $2,585 Donations $908 Fund Raisers $709 Bingo Games $11,378 Bingo Food $5,818 Other $2,918 Total $63,366 Alabama Credit Union Deposit from Regions $15,000 Interest $1,074 Total $16,074
Total Cash Assets Regions $33,343 Alabama Credit Union $202,848 Cash on Hand $550 Total Cash Assets $236,741
BPCA SUMMARY OF INSURANCE COVERAGE COVERAGE AMOUNT PREMIUM BPCA Building Building - $144000 $1884.68 Contents - $3000 Deductible - $1000 3% Wind/Hail Renews 3/14/2019 Flood Building - $231,900 $3421.00 Contents - $5300 Deductible - $2000 Director/Officer Liability Limit of Liability = $3MM $1077.00 General Liability General - $3MM $2778.00
BPCA 2019 CHANGES TO INSURANCE COVERAGE
Electrical wiring at the pavilion has been pieced and patched and creates a hazard for anyone using electrical tools or appliances. Wiring needs to be replaced and brought up to code to prevent someone from being injured.
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