| 12/10/2021 | 0 |
TRAVAUX INC. BOARD OF DIRECTORS
| ADOPTED
Minutes note: Fernando Aniban, HACM’s Chief Financial Officer, gave a summary from the attachments provided regarding Travaux’s current and projected budget for 2022. Directors discussed direct and indirect fees, development fees, overhead, and labor costs.
Director McCarthy requested in the next Board meeting that a Balance Sheet be presented for Travaux’s fiscal year and especially how any liabilities will be handled in the upcoming year. Mr. Aniban said that a 2021 Balance Sheet could be provided at the February meeting. Director Manzanet requested in writing an Asset Management plan for Travaux in order to have a better understanding as to the organizations financial position. Kaylin Nuss, HACM’s Director of Asset Management, stated that a plan is currently being drafted and will be presented to the Board.
| Pass | 6:0 |
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