Greater Milwaukee Association of REALTORS Board of Directors
Greater Milwaukee Association of REALTORS® Board of Directors Meeting Thursday, November 21, 2019
GMAR Youth Foundation Annual Meeting 1. Call to Order 2. Approve Agenda 3. Financial Report 4. New Business • • • 5. 6. Vice President’s Report Budget Approval 2020 Meeting Dates Other Business Adjourn
GMAR Board of Directors Consent Agenda • July 9, 2019 BOD Meeting Minutes • 263 New Members • Add ‘Fiduciary Duty’ and ‘Conflict of Interest Policy’ to the regular GMAR Directors agenda
GMAR Board of Directors Reports • Chairwoman’s Report • Treasurer’s Report • September 2019 Financials
GMAR Board of Directors Balance Sheet (Statement of Financial Position) • Cash & Investments $1, 713, 741 , up $585, 284 • AR up $170, 069 due to HGS • Fixed Assets down $54, 389 • Total Assets $3, 676, 662, up $573, 369
GMAR Board of Directors Balance Sheet (Statement of Financial Position) • Liabilities: AP down $411, 745 due to building mortgage re-done, no longer considered shortterm loan. Accrued vacation up $10, 966 • Total Liabilities $1, 106, 215, up $296, 386 • Total Net Assets $2, 570, 447, up $276, 983
GMAR Board of Directors Statement of Activities • Membership: $1, 820, 486 was collected in dues vs. $1, 027, 187, up $793, 299 over ’ 18 • HGS: Income $782, 754 vs Exp $298, 227, net of $342, 235
GMAR Board of Directors Statement of Activities • Leadership: Officer expenses, NAR survey, Strategic Planning, travel • Administrative: Salaries, Occupancy, etc. • Bottom Line: Excess Receipts Over Exp of $828, 884 vs. $347, 290 in ’ 18, +$481, 594
GMAR Board of Directors President’s Report • GMAR Strategic Plan • Review Plan • Public Awareness – Water St. Creative
GMAR Board of Directors President’s Report • 2019 BOD Election • • Courtney Stefaniak Roger Rushman Mark Kivley Sarah Cole
GMAR Board of Directors Departments • Government Affairs • Milwaukee County Sales Tax Referendum MPS Referendum • Waukesha County Parks Strategic Plan •
GMAR Board of Directors Departments • Professional Standards Metro MLS, Inc. • Update
GMAR Board of Directors Old Business New Business • 2020 Executive Committee Election • 2020 Youth Foundation Election
GMAR Board of Directors New Business • Farewell Outgoing Directors • Tammy Maddente • Vickie Kelsall • Tom Sykora
Happy Thanksgiving!
- Slides: 15