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HomeMy WebLinkAbout11/30/2023 - Meeting MinutesMinutes of the Meeting of the SALT LAKE CITY FOUNDATION November 30th, 2023 – Thursday 11:00 AM The Salt Lake City Foundation held a hybrid meeting on Thursday November 30th, 2023, in Room 335 of the City and County building. In attendance: Mary Beth Thompson, Chairperson; Erin Mendenhall, Trustee; Darin Mano, Trustee. Staff in attendance: Marina Scott, Salt Lake City Treasurer/Secretary, Jaysen Oldroyd, Salt Lake City Senior Attorney, and Matthew Brown, Boards & Commissions Liaison. A. Call to Order: Chairperson Thompson called the meeting to order at 11:05 AM. B. Salt Lake City Foundation purpose and mission: Chairperson Thompson described the Salt Lake City Foundation (the Foundation) as a Governmental Nonprofit Corporation created to process donations made to the City by companies whose by-laws restrict donations to government entities. C. Approval of minutes from the November 21st, 2022, meeting: Trustee Mendenhall made a motion to approve the minutes. Trustee Mano seconded the motion. The motion passed unanimously via roll call vote. D. Annual Open and Public Meetings Law training: Jaysen Oldroyd provided a training on the Utah Open and Public Meeting Act and described the actions that the Foundation must take to ensure that the State Code is followed. E. Utah State Training Requirement: Jaysen Oldroyd provided a brief explanation of the Utah Governmental Nonprofit Corporations Act and explained that members of the Foundation are required to complete training through the State Auditor ’s office every year. The Trustees were provided with a link for the training and asked to complete it as soon as possible. F. Review of Financial Statements and FY 2022 Tax Return: Marina Scott provided an overview of the Foundation’s financial statements and tax return for FY 2022. Chairperson Thompson described that the Foundation was moved into Workday to provide for improved reporting. Trustee Mendenhall inquired about the Foundation’s cash balance and asked if improvements could be made to make the process easier for donors. Chairperson Thompson explained that the Foundation maintains a low cash balance. Process improvements, employee support, and related matters were also addressed by the committee. G. Adjournment: Trustee Mano made a motion to adjourn the meeting, Trustee Mendenhall seconded the motion. The meeting adjourned at 11:28 AM _______________________________ Mary Beth Thompson, Chairperson This document is not intended to serve as a full transcript as other items may have been discussed; please refer to the audio for entire content pursuant to Utah Code §52-4-203(2)(b).