CORSICA FOUNDATION BOARD MEETING MINUTES

REGULAR MEETING MAY 11, 2007

THE CORSICA FOUNDATION BOARD MET ON MAY 11^TH FOR A REGULAR MEETING WITH THE FOLLOWING MEMBERS PRESENT: ROGER BORDEWYK, SCOTT MUCKEY, NATHAN HINKER, GARY VAN ROEKEL, SYLVIA ZOMER, VERN DEGEEST

CALL TO ORDER BY PRESIDENT ROGER BORDEWYK.

TREASURERS REPORT INDICATED OUR CURRENT FINANCIAL STATEMENT WITH A BALANCE OF 33,505.00 AND A MARKET VALUE OF 41,920.14. TOTAL CONTRIBUTIONS AS OF 3/31/2007. $1,574.35 IS THE TOTAL AVAILABLE FOR DISTRIBUTION.

DISCUSSED AN APPLICATION FROM THE CORSICA YOUTH ASSOCIATON FOR $1,000.00. GARY VAN ROEKEL MADE A MOTION TO GIVE $1500.00 TO THE CORSIA YOUT ASSOCIATION. THIS MOTION FAILED WITH NO SECOND. MOTION BY VERN DEGEEST TO GIVE THE CORSICA YOUTH ASSOCIATION $1,000.00 AS REQUESTED. NATHAN HINKER SECOND. ALL AYE.

IN THE FUTURE WE WILL REVIEW APPLICATIONS ON A QUARTERLY BASIS.

IT IS RECOMMENDED BY BOB SUTTON TO GATHER THE INDIVIDUAL OR GROUP WHEN THE REQUEST IS AWARDED.

DISCUSSED THE ROUNDING OFF OF UTILITY (WATER) BILLS. ADVISED TO CHECK WITH NORTHWESTERN, GOLDEN WEST, & DOUGLAS ELECTRIC—ROGER WILL CHECK ON AND NATHAN WILL DO THE “ROUND-UP VOUCHER”.

LETTER TO BE PUT TOGETHER AND SENT TO ALUMNI EXPLAINING THE FOUNDATION. SCOTT/VERN WILL ATTEMP THE TASK AND HAVE THE ROUGH COPY AT NEXT QUARTERLY MEETING.

ROGER REPORTED THE RECEIPT OF A $1000.00 UNDESIGNATED CONTRIBUTION FROM AVERA QUEEN OF PEACE.

MEETING ADJOURNED AT 7:45 AM.

NEXT MEETING AUGUST 10, 2007, 7:00 AM CORSICA TRAVEL PLAZA

VERN DEGEEST, SECRETARY