LAKE EDGEWOOD CONSERVANCY DISTRICT
BOARD OF DIRECTORS MEETING
Tuesday, November 12, 2024 7:00 PM
Lake Edgewood Community Center 715 W. Shore Dr.
Martinsville, IN 46151
MEETING CALLED TO ORDER
In attendance were Director Kelly Stege, Director Jake Rakowski, Director Joseph Stallsworth, Director Bree Nealy, Director Jeff Anderson, Financial Director Don Horn, and Secretary Mady Miller. There were 5 freeholders in attendance.
The meeting was called to order at 7:01 PM and began with The Pledge of Allegiance.
READING OF THE MINUTES
The reading of minutes were postponed until the next meeting.
FINANCIAL REPORT
The Financial Report was read by Financial Director Don Horn. Payments from the account included: Izzy’s Rentals (last of the year), Morgan County Rural Water, Home Bank ($23,965 extra principal payment), Hoosier Web Nerd, REMC, Jones Lake Management (this was the last payment of the year and we will be starting with a new company next year), Wallace Construction (asphalt on White Oak), Krohn, Grass Chopper (last of the year), Burke Engineering ( submission of the final Dam Inspection Report to the state), and Jack’s Trash Service. Leaving a balance of $119,164.08 in our checking account. Our remaining budget for the year is $35,054.21. Resolution #24-1 stated to transfer and increase our Cum Maintenance and Improvement Funds. Those accounts currently allocate $4500 in the Maintenance and $1000 to the Improvement. By moving an extra $1000 to each ($5500 in Maintenance and $2000 in Improvement) this would allow us to increase our savings account faster. It was noted that our accountant advised that this could be a foot note in an audit since we are adding to and transferring. If it were a bigger increase, she would advise against it, but with it being a small amount, she saw no issue. The board discussed putting the extra $2000 toward paying off our loan. If there are funds left over in December in other line items in the budget we could apply it to our loan. If funds in the budget don’t get used, they will stay in the account but will be unavailable to use. The funds have to be budgeted for. The Cum Maintenance and Improvement funds can’t be used for just anything, they have to be for emergency rainy day funds. The board voted to leave the budget how it was previously with $4500 in the Maintenance and $1000 in the Improvement and revisit if it is necessary.
Director Stege motioned to approve and Director Neely seconded. All were in favor.
DREDGING COMMITTEE
The Dredging Committee has tabled their pursuit until it is closer to time to make a move. We will leave this on the agenda.
CLUB HOUSE GARAGE COMMITTEE NEEDED
The fire department will occupy the garage until the end of the year. Once they are moved out, we will need a committee to come in to take a look at new options for the garage. If you are interested in being on the committee, please reach out to someone on the board.
ELECTIONS/NOMINATIONS
Nomination forms must be turned into the board by December 1st. You must have five signatures from neighbors in your area. Director Rakowski is looking to step down with Todd Brown taking his place on the board.
STATE POLICE DIVING REQUEST
Joseph Neely, Director Neely’s husband, expressed that the State Police have interest in utilizing their dive team at our lake. The board agreed to discuss options with the them and we will keep this on the agenda.
SOCIAL COMMITTEE UPDATE
December 15th there will be a ham and beans get together. The club house will not be available on Thanksgiving day or December 21st. Mike Reel expressed his need in the help of the board to promote and attend events in order to get the family atmosphere back in the community. Mike will have the 2025 schedule available on January 1st for the upcoming year.
ADJOURNMENT
There was no public comment and Director Stege motioned to adjourn at 7:40 PM. All were in favor.
Our next meeting will be Tuesday, January 14th at 7:00 PM.
Secretary
Mady Miller