Timothy L Correll Foundation, Inc.


TLCF, Inc Board Meeting Minutes: Wednesday, November 17, 2004
Place: Lakeville Gander Mountain Store Lodge Room
Time: 6:30 pm

In attendance: Terry Correll, Karen Correll, Cara Correll, Arlan Miller, Dave Jabas, Jeff Harris, Bob Neil, and Jo Erp.
Absent: Sara Borgmann, Joe Wagner, Jennifer Budrow, and Brian Edwards.

Call to Order: Arlan Miller Board Chair at 6:30pm

 Executive Report:

Amend Bylaws to show we should meet 3 times a year instead of four, by eliminating the August meeting. (Motion made by Jo Erp and 2nd by Dave Jabas all in favor)

 Financial Report: was given by Jo Erp.

Current Assets                                   $16,340.18
Current Liabilities
2004 Scholarship payment balance      $ 1,000.00
Total Assets as of 11/6/04                 $15,340.18

Discussion of 2005 budget, and 2004 Memorial Shoot Recap.

Scholarship Guidelines: Dave Jabas made the motion to leave the scholarship guidelines as is for the school year this year. This motion was seconded by Jeff Harris. (All in favor)

 Discussions:

Bob Neil brought up for discussion the addition to the fundraiser to possibly add having a water war competition with the Jordan Fire Department in effort to bring more fire departments into participation from surrounding communities at the fundraiser.

Bob will be looking into this idea further and we will discuss at our next meeting in February. The discussion was also made to have the board as a whole work on ideas for different activities to take place at the fundraiser that would bring out more attendance. Each board member is to brainstorm on ideas on what their assets would be and return at the February 15  meeting with ideas.

 The deadline for the scholarships applications was moved up to March 1, 2005 so that we may be able to make the scholarship presentation ceremonies at the schools. There will be a meeting on March 15, 2005 to determine scholarship winners.

 Actions Items:

Cara Correll will be making the school contacts this year.
Each board member is to brainstorm on ideas for this year’s fundraiser activity and their responsibilities for the fundraiser.
The investment strategy discussion will be tabled until February. 

Meeting was adjourned at 9pm.

Respectfully Submitted,
Cara Correll, Secretary