President Cole Harris opened the meeting at 1:05 PM
Active Chapter Report - Nick Pyznarski, VP Active Chapter
State of the active chapter
We have 6 solid pledges this Spring
5 pledges will likely live in the house next Fall
1 pledge wants to be an RA
The chapter is soliciting restaurants to fund scholarships
Waiting on lease contracts for fall. (We alumni will provide them shortly.)
Event at Lake Linda
Reminder: April 2 Board Meeting in the house at 11 AM. Social at Lake Linda afterwards.
A bus to Lake Linda is being chartered
House Report - Terry Austin
New accounting system
The system will auto-alert brothers who are late on rent
Terry recommends one rate for all room arrangements
The board agreed to have a new rate agreed to by 3/15
Current money numbers
Terry reported we are running a serious deficit
We currently have 7 brothers living in the house
By Fall we should have 16 brothers living in the house
Increase in house rent
We planned another Zoom meeting Monday next at 7 PM to hammer out the rent increase
Investment Account - Chuck Hvala
Chuck said we need to have the Vanguard account names updated. It looks like that will be president Cole and VP John. Chuck will have read-only access to assist temporarily in analyzing the account.
Scholarship Program - Vic Caricato
Vic recommends issuing a fundraising letter to the alumni
Vic would like to have a separate account for scholarships
Fundraiser for house
Since there is a shortfall in income versus spending, a fundraiser was proposed.
Insurance - John Bokum
John and Terry would like the insurance premium to be divided into smalller more frequent amounts to make payment easier
Reunion this summer
This topic to be discussed March 14
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