MINUTES OF THE CONTRA COSTA EDUCATION CENTER AUTHORITY BOARD. Annual Organization Meeting ---- ROLL CALL

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1 157 MINUTES OF THE CONTRA COSTA EDUCATION CENTER AUTHORITY BOARD Annual Organization Meeting Time: 12:00 p.m. - January 25, 1984 Place: Presiding Officer: Present Board Room George R. Gordon Education Center 500 Court Street Martinez, California Thomas Coll, President Thomas Coll, President Raymond Chapot, Vice President Glenn Clemetson, Secretary ROLL CALL ---- Those present constituted a quorum. Absent Also present were staff members: Harry Buttimer, Chancellor; Jerry Underwood; Dale Fink; Jean Courtney, Recording Secretary. None The annual meeting was called to order by President Coll at 12:06 p.m. MINUTES OF ANNUAL ORGANIZATION MEETING HELD JANUARY 19, 1983 On mot ion of Mr. C1emetson, seconded by Mr. Chapot, by unanimous vote, the Education Center Authority Board approved the minutes of the annual organization meeting held January 19, NOMINATIONS FOR AUTHORITY BOARD OFFICERS FOR CALENDAR YEAR 1984 On motion of Mr. Coll, seconded by Mr. Chapot, Raymond Chapot was nominated for the office of President. Nominations were closed and by unanimous vote of the Authority Board, Mr. Chapot was elected President to serve for the 1984 calendar year. On motion of Mr. Chapot, seconded by Mr. Coll, Glenn Clemetson was nominated for the office of Vice President. Nominations were closed and by unanimous vote of the Authority Board, Mr. Clemetson was elected Vice President to serve for the 1984 calendar year.

2 158 Minutes of January 25, 1984 On motion of Mr. Chapot, seconded by Mr. Clemetson, Thomas Coll was nominated for the office of Secretary. Nominations were closed and by unanimous vote of the Authority Board, Mr. Coll was elected Secretary to serve for the 1984 calendar year. Board Report No Election of Assistant Secretaries. On motion of Mr. Chapot, seconded by Mr. Coll, by unanimous vote, and in accordance with Authority Board policies and applicable code, the Authority Board authorized the following persons to sign orders in the name of the Authority Board, effective January 1, 1984: Harry Buttimer, First Assistant Secretary Dale B. Fink, Second Assistant Secretary Board Report No Financial Statement. On motion of Mr. Chapot, seconded by Mr. Coll, by unanimous vote of the Authority Board, the attached financial statement for the period July 1, 1983, through November 30, 1983, was approved. (Financial Statement on pages ) I.

3 CONTRA COSTA EDUCATION CENTER AUTHORITY Financial Statement Statement of Revenues, Expenditures and Fund_Balance July 1, 1983 through Uovember 3q., 1983 REVENUE Interest & Bond Working Surplus Total Redemption Reserve Capita 1 Revenue Revenue All Fund Fund Fund Fund Fund Funds Lease Rental Income $.00 $(246,00O,OO) $.00 $.00 $246, $.00 Interest Income , ~ Total Revenue (233, ) , , , EXPENDITURES Bond Expense 130, (l30, ) Interest Expense 57, , TOTAL EXPENDITURES 187, (l30,000.00) , EXCESS OR (DEFICIT) REVENUE OVER EXPENDITURES (l87, ) (l03,870.67) , , (40,763.74) TRANSFERS Incoming 187, , , (Outgoing) ( 88.13) (2,778.15) (247,715.85) (250,582.13) TOTAL NET TRANSFERS 187, , (2,778.15) (247,715.85).00 EXCESS OR (DEFICIT) TO FUND BALANCE.00 (40,811.09) (40,763.74) 1-4 Fund Balance 7/1/ , , , , t')1 ~ FUND BALANCE 12/31/83 $.00 t200,~96.48 $1, $42 ~ $.00 $ 244,705.11

4 160 r I l _ CONTRA COSTA EDUCATION CENTER AUTHORITY FINANCIAL STATEMENT BALANCE SHEET November 30, 1983 [ ASSETS Cash 4.!. Investments Interest and Redemption Bond Reserve Fund.. Working Capital Fund. Surplus Revenue Fund. Total Investments. Net Irivestment in Lease.. TOTAL ASSETS Fund.. $ 264, , , , $ ,248, , $2,044, LIABILITIES Bonds Payable $1,800, SURPLUS Fund Balances Interest and Redemption Fund Bond Reserve Fund.. Working Capital Fund. Surplus Revenue Fund TOTAL SURPLUS TOTAL LIABILITIES AND SURPLUS $ , , , , $2,044,705.11

5 161 Minutes of January 25, 1984 Board Report No Acceptance of Financial Statement and Audit Report for the Fiscal Year Ended June 30, On motion of Mr. Clemetson, seconded by Mr. Chapot, by unanimous vote, the Authority Board accepted and ordered filed the Financial Statement and Audit Report on Examination of Accounts for the fiscal year ended June 30, 1983, completed by Deloitte, Haskins & Sells. ADJOURNMENT There being no further business to come before the Board, the meeting was adjourned at 12:10 p.m. Respectfully submitted,