NEXT VVA MONTHLY MEETING:
Sunday, September 10, 2023 @ 2:00PM at the clubhouse.
All members in good standing are welcome and encouraged to attend. If you want on the agenda, you must notify the office on or before the Monday prior to the board meeting.
Important 2024 Budget Information on Page 4
Lake Viking News
©Viking Valley Association | 144 East Main, Gallatin, Missouri 64640
LakeVikingMo.com
VVA Board of Directors Monthly Meeting
August 2023
Volume 36, No. 4
August 13, 2023
Call to Order Board Pres. Doug Winter, lot 46, called the meeting to order, held in the upper level of the Clubhouse, at 2:00pm. Board members present were: Terry Nibarger, lot 657, Tom Rice, Lot 343, Tony Gronniger, Lot 2281, George Eshnaur, Lot 505 and Jeremy Lillig, Lot 3041 . Jeremy Lillig led in prayer. Jeff Ferguson, Lake Manager, led the Pledge of Allegiance. Doug Winter read the mission statement of Lake Viking. Approval of Minutes Tom Rice made a motion to approve the July 2023 Meeting Minutes. Second by Tony Gronniger. The minutes were approved unanimously. COMMITTEE REPORTS: Handbook Committee • Tom Rice reported: There were five (5) handbook changes which are being revised. • Revision one is to approve creation of the Fishing Committee as a standard committee. Committee will consist of three (3) members and will report monthly. They will make recommendations to the Lake Board for betterment of the fishing at the Lake. A motion was made by Jeremy Lillig and seconded by Terry Nibarger to approve adding the Fishing Committee. Motion passed unanimously. • Revision two will revise the rule for unattended fishing poles. The rule now says that poles may not be left unattended. It is proposed to change this to poles may be left unattended for 12 hours. Discussion from members was why not make the rule 24 hours for leaving poles unattended consistent with Missouri conservation rules. A motion was made by George Eshnaur to approved the 12-hour time limit for unattended poles. Motion was seconded by Tony Gronniger. Motion passed unanimously. • Revision three concerns the Campground Budget language. The campground committee will be responsible for preparing and submitting an annual budget to the board. This budget will be inclusive and will reflect all campground activities. The motion was made by George Eshnaur and seconded by Tony Gronniger to approve the change in campground budget language. Motion passed unanimously. • Revision four was to charge an additional fee of $60 if a lot/lots want to add an additional person with access to the Condo system. The lake has a current budget for 1500 users in the Condo application. We currently have 1400 members and will be charged additional if we exceed the allowed number of users. The $60 fee for additional users for a lot/lots will be assessed along with the yearly membership dues for the year. A motion was made by Terry Nibarger and was seconded by Tony Gronniger to accept this fee for additional Condo users. Motion passed unanimously. • Revision five was to revise the handbook to reflect the new access gate which uses an assigned PIN# to allow owners access to the dump from 7:00am to sundown. This revision will establish a fine for misuse of the pin number (sharing pin number with an unauthorized user). Misuse will be subject to a fine up to a maximum of $500. The trash dumping rules still
apply as before. The dump is not to be used as a regular trash pickup. A motion was made by George Eshnaur and seconded by Tony Gronniger to accept this change. The motion passed unanimously. Tom Rice reported: Donna Redden has resigned as Chair of the Handbook Committee but will remain on the Committee. Mary Miller will be the new Chair of the Handbook Committee. Finance Committee Terry Nibarger reported: • The Finance Committee met August 10, 2023 for the monthly Finance meeting. At this meeting July 2023 Financial Documents were reviewed and it was identified there are numerous lines for Morgan Stanley transactions are on the financial statements. This will be merged into two line items “Invested Funds” and “Money Market Account”. • Morgan Stanley update: Terry reported this fund is up $18,865 for July 2023 which is a 14.98% return for the month of July 23. Total value of the account is $1,582,222. For the year the fund is up $98,686 for a YTD return of 6.89%. The committee recommended adding $150,000 to the funds stock market sector. Committee agreed to keep Morgan Stanley for longterm reserves. • Terry reported VVA has sold our dredge to Dredge America for $300,000. Going forward, the Lake will rent a dredge from Dredge America that is better suited for the smaller coves at about the same cost as dredg(continued on page 14)