PAR Board approves 2010 budget

The PAR Board of Directors elected its 2010 slate of officers which includes: Incoming President Donald Roth, President Elect Guy Matteo, First Vice-President Frank Jacovini and Treasurer Bette McTamney. Four NAR Directors were elected, three to a three-year term: Bob Hay, Robert Fleck and Melissa Sieg and one to a one-year term Bette McTamney.

PAR President Greg Herb (Photo credit: Stuart Leask)

District representatives elected vice presidents: James Ryal, District 2; Jeffrey Crosby, District 4; LouAnn Kenney, District 6; and Victoria Lowery, District 8.

The board approved a $4.1 million budget for 2010 during its fall meeting Wednesday at the Harrisburg Hilton. According to PAR Treasurer Frank Jacovini, the finance committee presented the budget with these expectations: dues revenue was based on a four-percent decrease in membership; there was no expected income from tenants in PAR’s new building and investments were based on a three percent return on PAR’s average investment balance.

The board approved waiving the 50 percent minimum cash reserve policy for a limit of three years and no more than a four percent decrease.

The board approved $27,000 funding to continue implementing the Multicultural Strategic Plan, which was approved by the board earlier this year. The funding will be used to implement a multicultural web site and to retain the Gonzales Group as consultants to assist in securing potential partnerships.

Related posts:

1. PAR Board approves 2012 budget

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This entry was posted on Friday, September 25th, 2009 at 7:05 am and is filed under Association News. You can follow any responses to this entry through the RSS 2.0 feed.