Dharma Rain - Board Minutes
Board Minutes Summary — February 15, 2012
Property. As of our last meeting
a majority of the board had voted to present a purchase and sale agreement
(PSA) to the sellers of the property on SE 82nd.
Further negotiation was needed. Dharma Rain is planning on developing lots
as part of the financing. The lots will be for members of Dharma Rain.
Year to date Revenue is $63,200 and Expenses are $62,100 with a
net operating surplus of $1,100. Overall activity is well within budget. We
received a $5,100 Small Business Healthcare Tax Credit for the prior fiscal
year. Residential rents and Dharma School revenues were slightly below budget.
Food costs are below budget. Over $50,000 has been received for the purchase
of the new property.
Abuse Policy. The board is in the process of developing a policy in case of
abuse and have proposed forming a “safe environment” committee to
oversee the policy.