Skidaway Farms’ Annual Meeting Present: Jill Corbin, Monica Hughes, Michael Kahn, Jane Kollman, Dorcas Popp, Tom Rosen, Steve Sample, Joe Tyson Opening Remarks: Michael Kahn, President of the Farm Board made a few remarks concerning the financial health of the farm in the year 2023. The Farm has, over the past few years, increased its membership and refurbished much of its infrastructure, added new plots and raised beds and attracted new farmers. Its financial health is strong and sustainable. March minutes approved. Board Officer election: Michael Kahn was elected to another three year term as president, Monica Hughes was elected […]
Board Minutes
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Present: Monica Hughes, Michael Kahn, Jane Kollman, Dorcas Popp, Tom Rosen, Joe Tyson Absent: Jill Corbin, Steve Sample Approval of February Minutes Treasurer’s Report: Tom is transferring CDs as they come due to higher interest bearing accounts and also removed $20,000 from savings to deposit in a 4.8 % interest bearing account. Current P and L and Balance sheet were handed out. Security Cameras: Board voted and approved the installation of two $40 surveillance cameras, one at the south gate and another at the south east corner of the farm. The ayes were all except Mike who opposed this. Access […]
Present: Jill Corbin, Monica Hughes, Jane Kollman, Dorcas Popp, Tom Rosen, Steve Sample Absent: Michael Kahn, Joe Tyson Approval of January minutes Treasurer’s Report: Tom is moving money as CD’s become due into higher interest bearing accounts so our CD’s are moving up to 4+% interest from 2% and 3% interest. Our savings are in an account bearing 3.5 % which will remain there as this money will be used in the near future for farm infrastructure needs. Our irrigation costs were over budget because of refurbishment of many of the irrigation systems in the raised […]
Board Minutes 1/18/23 Present: Jill Corbin, Monica Hughes, Mike Kahn, Jane Kollman, Dorcas Popp, Tom Rosen, Steve Sample Absent: Joe Tyson Approval of 12/13 minutes Treasurer’s Report: Live Oak CDs are increasing in interest payment and one will accrue 3.5% rate this spring, beginning in April. There was a small interest payment error on the current profit and loss statement which will be corrected on next month’s report. Our 2023 budget was passed unanimously. Tom will be away next meeting but will email report to board members. Update on plots: Jane reported that there are currently 10 inground plots available […]
Skidaway Farm Board Minutes 12.13.22 Present: Monica Hughes, Michael Kahn, Jane Kollman, Steve Sample, Joe Tyson Absent: Jill Corbin, Dorcas Popp, Tom Rosen Approval of 11.30.22 minutes. Treasurer report: Tom was absent and notified us that the financial report would be e-mailed the following day. Update on plots: 10 plots are currently available for spring season. there are currently 7 folks on the wait list for unground plots, 6 for raised beds. We have a total of 166 plots. Drainage issues: Joe presented us with a cost comparison of building raised beds (to mitigate drainage issues in sections of the […]
Board Minutes 11/30/22 Present: Jill Corbin, Monica Hughes, Mike Kahn, Jane Kollman, Dorcas Popp, Tom Rosen, Steve Sample, Joe Tyson Approval of 10/22/22 minutes. Treasurers Report: Tom presented a printed P and L and Balance sheet through the end of November. He also presented a proposed budget for the upcoming year which will be reviewed and voted on at our December meeting. In addition there was a refurbishment report that included monies paid to Jones Landscaping and Joey Tyson for their work in preparing raised beds and in-ground plots with a total amount of $8,983. This included labor, material and […]
Board Meeting Minutes 10.20.22 Present: Jill Corbin, Monica Hughes, Michael Kahn, Tom Rosen Absent: Jane Kollman, Dorcas Popp, Steve Sample, Joe Tyson Approval of 9.28.22 minutes Treasurer’s Report: Tom presented balance sheet and P and L statement as of 9/28/22 which does not reflect the addition of new fall farmers, (approximately 21). Next month’s numbers will reflect our added income due to this influx and Tom will also present a proposed budget to the board in November meeting. A discussion of our policy (or lack) of the refurbishment of existing plots, both in-ground and raised beds as well as irrigation […]
Present: Jill Corbin, Monica Hughes, Jane Kollman, Tom Rosen, Steve Sample, Joe Tyson Absent: Mike Kahn, Dorcas Popp May board minutes approved by board. Financial Report: Increased expense of a large dumpster rental for the year instead of small will be $2400 a $190 increase annually but needed. Board voted and approved an annual rental fee increase of $10 for all garden beds, including raised beds. effective in September. The weed deposit is raised to $100 for in ground beds and remains at $75 for raised beds. Mail Box: there will be a mail box installed at the garden for […]
Present: Jill Corbin, Monica Hughes, Jane Kollman, Tom Rosen, Steve Sample, Joe Tyson Absent: Michael Kahn, Dorcas Popp Approval of June board meeting minutes. Treasurer Report: Tom presented copies of our Balance Sheet and Profit and Loss Statement for review and indicated that with fall influx of new farmers, new plots and new expenses, numbers will change and be reviewed again in the fall. New Plots: Jane reported that we will have 18 new plots ready in the fall to lease. She has 28 prospective farmers on the waiting list, 3 waiting for raised beds. […]
Board Meeting Minutes 5.18.22 Present: Jill Corbin, Michael Kahn, Jane Kollman, Monica Hughes, Dorcas Popp, Tom Rosen, Steve Sample, Joe Tyson. April Board Meeting minutes were approved unanimously. Treasurers Report: Balance sheet as of May 17th as well as Profit and Loss statement from April 1 – May 17 was presented and reviewed by board. Michael K asked for an explanation of the Equity section under Liabilities and Equity section on the balance sheet and Tom R will provide details at June meeting.The Farm’s assets will remain in Checking – South State Bank and Savings – Live Oak Bank accounts. […]
Skidaway Farms Board Meeting Minutes: 4.1.2022 Present: Jill Corbin, Monica Hughes, Michael Kahn, Jane Kollman, Dorcas Popp, Tom Rosen, Joe Tyson, Missing: Steve Sample Board Minutes from last meeting,3/22/22, were approved unanimously. Treasurer’s Report: Tom Rosen presented and handed out copies of our balance sheet from January – March, 2022 and our Profit and Loss Statement through March 2022. Financially, we are operating on budget and are in good shape. Our upcoming major expense will be solving our drainage issue. Drainage Update: Still waiting for ACE to come up with a new estimate and plan on how to mitigate […]
Board meeting minutes 3.16.22 Present: Jill Corbin, Monica Hughes, Michael Kahn, Jane Kollman, Dorcas Popp, Tom Rosen, Absent: Joe Tyson Approval of February minutes. Treasurer’s Report: Tom reported on P and L statement, January – March 15. Our net income was $6,917, a reflection of the majority of rentals due during this period. Our balances are kept in South State and Live Oak, checking and savings and can be easily transferred . Our savings is earning .6% at this time. We have a CD due in August. Drainage: ongoing plan in progress. No final report at this time. Rental Plots: […]
Present: Jill Corbin, Michael Kahn, Jane Kollman, Monica Hughes, Dorcas Popp, Tom Rosen, Joe Tyson. Board Meeting minutes of January were approved unanimously. Drainage Review: the estimate from ACE landscape Development came in at $67,750 for our drainage remediation which was considered too high by all. It involved installing French drain lines running the length of the property to beyond the north parking lot into the lowest point of the land. Joe will look into some less expensive remediation with the possible help of Bill Campbell of the Association and ACE. Treasurers Report: Balance sheet as of January 1 and […]
Skidaway Farms Board Meeting Minutes: 1/26/22 Present: Sue Burns, Jill Corbin, Monica Hughes, Michael Kahn, Jane Kollman, Dorcas Popp, Tom Rosen, Joe Tyson, Board Minutes from last meeting,12/15/21, were approved unanimously. Treasurer’s Report: Tom Rosen presented and handed out copies of our balance sheet from January 2021 and January 2022 which reflected the increase in assets due to the film companies payment for use of the Farm in movie shoot. Also presented a proposed budget for 2022 with profit and loss numbers about even except for the depreciation expense reflected in the final number. He also recommended putting some of […]
Skidaway Farms Board Meeting Minutes: 12/15/21 Present: Sue Burns, Jill Corbin, Ralph Hinz, Monica Hughes, Michael Kahn, Jane Kollman, Tom Rosen, Joe Tyson, Absent: Dorcas Popp Board Minutes from last meeting 11/17/21, were approved unanimously. Irrigation: Ralph Hinz attended the meeting and reported on the replacement of the irrigation controller, pressure tank and signal light. The pump is now working properly. Ralph’s son will be paid in full for his labor and parts. Treasurer’s Report: Tom Rosen presented current balance sheet and profit and loss statement to the board. All bills have been paid for the month, excluding Jones Coastal […]
Skidaway Farms Board Meeting Minutes: 11.17.21 Present: Jill Corbin, Monica Hughes, Michael Kahn, Jane Kollman, Dorcas Popp, Tom Rosen,Joe Tyson Absent: Sue Burns Treasurers Report: Tom Rosen presented current balance sheet and profit and loss statement to the board. It was decided that only raised beds will be depreciated, not in-ground plots. Joe made a recommendation that all new farmers will have a plot enclosure in good condition installed or repaired at the expense of the farm and will then be responsible for its upkeep and/ or replacement if needed. Tom purchased an HP laptop business computer which will be […]
Present: Susan Burns, Jill Corbin, Monica Hughes, Michael Kahn,Jane Kollman, Dorcas Popp, Tom Rosen Absent: Ralph Hinz, Joe Tyson Treasurer’s Report: Movie income has been ($30,000) deposited in Live Oak Bank at present time, earning interest of .06%. Rest of the budget is solid with an influx of new farmers plus the expense of preparing plots for them. We will use some of the proceeds from the filming to defray the cost of dealing with our long term drainage issues and bank the rest for future capital expenses. St. Andrew’s School annual visit will be held on October 21 when […]