NEW COMMITTEE FORMED AT MEETING WITH AL DISESSA ON 7 APRIL. FRANK FREELS AND NICK COLE PRESENT.

IMMEDIATE TASK WAS REVIEW POA CASH/MONEY MARKET/CD POSITION AND RECOMMEND CHANGES AS NEEDED TO IMPROVE INTEREST EARNED

MET WITH STAR ON 19 APRIL TO REVIEW RELEVANT INFORMATION

FRANK RESEARCHED CD RATES AVAILABLE

DICK SWETT AND JIM TAYLOR JOINED COMMITTEE AT OUR 25 APRIL MEETING

ELECTED NICK COLE CHAIRMAN AT MEETING

REVIEWED FRANK’S WORK AND MADE RECOMMENDATION TO TREASURER REGARDING TRANSFER OF FUNDS FROM MONEY MARKET TO CD. MOVED $100K TO FROM MM AT AMSOUTH TO CD AT SUNTRUST IMPROVING RETURN BY SEVERAL THOUSAND DOLLARS/YR

REVIEW FINANCIAL INSTITUTIONS TO ENSURE MAXIMUM SERVICE AND FEATURES FOR POA. RECOMMENDATIONS TARGET END OF MAY

ASSIST TREASURER BY RECOMMENDING INTERNAL CONTROLS FOR EXPENDITURES.

RECOMMEND PROCEDURES FOR INCREASING PARTICIPATION IN ACH DUES COLLECTION (COST SAVINGS TO POA)

FUTURE CONSIDERATION OF ASSISTANCE IN BUDGET PROCESS WITH INPUT FROM OTHER COMMITTEES