Alaska State Fair Board

Alaska State Fair Board of Directors
Raven Hall on the Fairgrounds
February 12, 2009

President John Harkey called the meeting to order at 8:05 pm.  Present: Directors Pete Probasco, Carol Kenley, Bruce Bush, Bonnie Quill and Charlie Willis, general manager Ray Ritari, recorder Donna Tate, members Larry Longenecker, Kirsten Mason, Dean Phipps, Wanda Dittman, and Cheryl Harkey.  
January 08, 2009 minutes and consent agenda were approved.

Accounting manager reported total assets of $4,948,498.68, total current liabilities of $25,514.27, long-term liabilities of $428,704.80, and total equity of $4,494,279.61 as of January 31, 2009.  Included in the assets was $1,085,205.72 in general checking account. Mason also reported month and year-to-date total income, expenses, and net income.  Probasco/Willis/MCU: To approve the January 31, 2009 financial report.

General Manager’s Update
Ritari report included an update on budget re-evaluation, sponsorship, legal issues, Hamilton property prospects, energy projects, personnel replacement, and Vendor Operations Committee meeting.  He encouraged directors to review two information packets regarding sponsorships and aFood & Beverage Analysis report.

Action Items
Kenley/Willis/MCU:  To certify the annual election of directors and the approval of the amendment of Article XII in the Bylaws.

Organization of Board
President Harkey opened the floor for nominations:
Willis/Probasco/MCU:  To retain Harkey as President.
Willis/Probasco/MCU:  To retain Quill as Vice President.
Willis/Quill/MCU:  To appoint Kenley as Secretary.
Willis/Probasco/MCU:  To appoint Erickson as Treasurer.

Harkey asked that there be a work session on the Hamilton property within the next two weeks – possibly February 23 --and will be in touch via email. 

No member or board comments.

Kenley/Willis/MCU:  To adjourn.
Meeting adjourned at 8:30 pm.