Timothy L Correll Foundation, Inc.

Timothy L. Correll Foundation, Inc. Board Meeting Minutes

Date: Wednesday, November 16, 2005
Location: Minnesota Horse & Hunt Club Hunter’s  Lodge– 2920 East 220^th Street, Prior Lake, MN

Meeting was called to order at 7:45 PM

Board Members In Attendance: 
Joe Wagner, Arlan Miller, Terry Correll, Jo Erp, Jennifer Budrow, Jeff Harris, Dave Jabas, Karen Correll,

Also In Attendance:
Tiger Wilson, John Budrow

Not present: Sara Borgmann, Bob Neil

Financial Report

            Current assets
                                                $2087.60         Checking account
                                                $1532.09         MM Account
                                                $22,287.70      Scholarship Account
                                                25907.39         Assets as of 10-15-06

 Discussion: 
        I.  By-Law Amendment 

Motion was made a seconded to change the day of regular board meetings to the third Wednesday in February, May and November

II.   Vacant Board Member positions   

Joe Wagner moved and Arlan Miller seconded to approve Tiger Wilson (EMT Representative) and John Budrow (Family representative designee) to fill the vacant board positions on the TLCF Board of Directors.  Motion passed. 

 III.  2006 budget / activities

A motion was made and seconded to approve the 2006 budget with amendments.  Motion passed.

IV.     Scholarship applicant/application strategy

A motion was made a seconded to continue the Jordan, Randolph and greater metro scholarship program but to expand our scholarship area to include the entire state. Priority would be still given to the original scholarship area for 2006. Motion passed.

VII.    2006 scholarship awards

A motion was made and seconded to award a minimum of 10 scholarships of $500.00 statewide for 2006.  Motion passed unanimously.

VIII. Request for proposals – Community elementary fire prevention material funding

Motion was made a seconded to table the item for discussion at a later date..

Action items assigned

A. Revise guidelines

 B. Contact college admissions offices

 C. Put together a wish list for computer equipment

The next meeting is scheduled for Wednesday, February 15, 2006 the meeting was adjourned  at 9:45 pm

             Respectfully Submitted, Karen Correll