MINUTES OF THE BOARD OF DIRECTORS MEETING OF OREGON WASHINGTON COMMUNITY ASSOCIATION MANAGERS (OWCAM) HELD ON May 1, 2007, IN THE OFFICES OF FOREST HEIGHTS, PORTLAND OR.

PRESENT:
Steve Brodehl, President
David Hummel, Vice President
Lisa Campbell, Secretary
Jim Main, Treasurer
Rich Thompson, Executive Director
ABSENT: Steve Barber, Director
Ron Balash, Past-President Advisor

I. CALL TO ORDER
Steve Brodehl called the meeting to order at 10:15 A.M.

II. APPROVAL OF PREVIOUS MINUTES
AGREED
Upon motion made by Jim Main, seconded by David Hummel, and unanimously carried, the minutes of March 13, and April 10, 2007 Board meetings were approved.

III. FINANCIAL REPORT
Jim overviewed the financial report. The one item that is distorted is that he has not been able to add the income of $9400 that OWCAM took in from the EXPO and expenses of $2085. Jim is working with Dave Schwindt to work this out.
Jim reported that the end of the first quarter netted over $15,000. We are running 30% over budget and are expecting the budget to even out over the year. Steve asked Jim for comparisons from last year. Rich suggested that Jim look at the 2006 membership revenue that was paid in 2006 for 2007.
AGREED
Upon motion made by Jim Main, seconded by Lisa Campbell, and unanimously carried, the financial statement was approved.

IV. ANNUAL MEETING
Details of the Annual meeting were discussed. Lisa Campbell is to contact Greg Burgess about the Expo Power Point presentation and adding a slide for nominees. Lisa will give Rich Thompson the CD of the expo pictures.
David Hummel reported that there will be a handout for the education curriculum.
Rich Thompson will send a reminder on nominations for director positions.
Jim Main will give the Treasurers report.
Steve Brodehl will overview the committees and introduce each Board liaison to introduce the committee and then the chair or the liaison will report/update details about the committee. Steve will send an email for the liaisons to pass to committee chairs.
David Hummel suggested a special recognition to each committee chair.AGREED
Upon motion made by Steve Brodehl, seconded by Jim Main, and unanimously carried, Steve Brodehl will determine the recognition gifts not to exceed $500.
Lisa Campbell will contact Kathy Hutchison to help with the menu for the Annual Meeting.

V. EXECUTIVE DIRECTOR
Discussion ensued about the development of the job description and advertising for the position as soon as possible.

VI. NEW BUSINESS
Jim reports on the income tax return. David Schwindt suggested that OWCAM become 501C6. Steve Brodehl will follow up.
Allen Crandell talked with Jim about the banking bill currently in legislature. Rich reported that the bill went through senate as written. On the house side it was stuffed to include credit unions. This bill allows banks that are not based in Oregon to do business with HOA’s. Rich will represent OWCAM in the hearing.
A short program will be planned for the August OWCAM member meeting and committee sign up.

VI. ADJOURNMENT
With no further business to discuss, the meeting was adjourned at 11:20 AM.