Present: Patrick Finn, Paul Cross, Tracy McCallum, Arnold Lopez, Robin Collier, George Zopf, George Ellison, Thomas Myers, Cyd Strickland.

Called to order by Zopf at 1:05 PM.

Agenda was approved.

Strickland reported on accounts payable noting that $23,000 was owed to Montgomery and Andrews as well as bills of $380 and $484 to Taos Financial Service and $480 for mediation services. She asked that checks for the mediation and to Taos Financial Service be allowed and the Board by consensus agreed.

The general financial condition was discussed including whether the staff had the ability to produce a budget so that the prohibition on writing of checks could be lifted. Finn expressed concern that specific checks needed to be written and that payroll was coming up. Ellison stressed that both financial reports and a budget must come before any expenditures.

It was moved and seconded by Collier/Myers to meet on December 11 to consider a financial reports and a budget for month of December, that, if accepted, would allow expenditures for that month. Passed by all except Finn.

Cross and Strickland requested that the meeting adjourn early so staff could work on preparing financial information that the Board was requesting.

The meeting was adjourned at 2:45 PM.

Respectfully Submitted;

Adopted by the Board

Robin Collier

May 19, 1997

Secretary of the La Plaza Board