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03-24-11 Conrad Mansion MinutesA MEETING OF THE CONRAD MANSION FINANCE COMMITTEE WAS HELD AT 9:00 A.M., THURSDAY, MARCH 24, 2011, AT THE CONRAD MANSION IN KALISPELL, MONTANA. EXECUTIVE DIRECTOR MIKE KOFFORD PRESIDED. BOARD PRESIDENT MARK NORLEY, TREASURER EVERIT SLITER, AND SECRETARY THERESA WHITE WERE PRESENT. Kofford presented the 2011 Budgetary Expenses Proposal. He and Sliter discussed the Cost of Goods Sold line items and how they should actually be reported. Both agreed the inventory should be listed with the actual value, not the retail value as was reported in the past. Sliter emphasized the inventory should always reflect the actual cost. Kofford discussed the problems he and staff are having with certain donations and where to place them within the numerous categories; for example "garden endowment". He asked that the list be reviewed and restructured. Kofford announced he recently interviewed two candidates for an Events Coordinator position. He explained that the mansion could lose three crucial people in the near future and he would really like to have someone trained and familiar with everything in case that occurs. Kofford said the personnel budget would remain the same, or lower, since he is not replacing Sylvie and he would like to hire Kristen Hamilton who was recently laid off from the Flathead Beacon. He said she is well connected to the community and should actually be able to bring in additional revenue with her media connections. There was discussion and consensus that Kofford should offer the position to Kristen Hamilton on a two -month trial basis for a salary of $9.00 per hour. *Note: Board Retreat is scheduled for April 7, 2011 starting at 3:00 p.m. in the First Floor Conference Room at Kalispell City Hall. ADJOURN The meeting was adjourned at 10:15 a.m. Theresa White Secretary Approved April 7, 2011 Conrad Mansion Minutes March 24, 2011