SCED Board Meeting Recap - May 16, 2024
Board Membership
At our May 16 board meeting, we welcomed Joey Forseth-Deshais and Ana Wright to the board, leaving us with an open At-Large position. Please let me know if you have nomination recommendations. We seek candidates representing workforce development, labor groups, higher education institutions, business owners, or large private employers. Our current board composition includes:
- 4 members from Modoc County
- 6 members from Shasta County
- 3 members from Siskiyou County
- 3 members from Trinity County
Corporate Officers
A heartfelt thank you to Kelly Crosby for her years of dedicated service on our board, executive board/loan committee, and as vice president. Kelly played a pivotal role in navigating SCED through the pandemic, conducting the Modoc meat processing plant feasibility study, and managing the executive director transition after Bob's retirement. Modoc County Supervisor Shane Starr is SCED's new vice president and also serves on our executive/loan and personnel committees.
Budget, Audit, and Independent Loan Review
The board has approved our 2024-2025 annual budget. We anticipate revenue to be similar to this year and hope to continue receiving CRA support from banks. However, with the tightening economy and changing regulations, bank CRA support may decrease. We submitted two grant applications in February and expect to hear back by early July.
We have also approved West, Davis & Company, LLP as our auditor again this year. SCED is subject to a single audit, a detailed examination to ensure proper use of federal funds. According to SBA requirements, Certified Development Companies must conduct an Independent Loan Review of their SBA 504 loan program every other year. The board has approved using Advisors for this review, as they also conducted our 2022 review. This comprehensive review covers our underwriting, packaging, closing, and servicing processes.
Strategic Planning Session
Trinity County Supervisor and SCED board member Ric Leutwyler led our first strategic planning session in nearly a decade. Before the meeting, Ric sent a survey to our board and stakeholders, and we discussed the results during the session. I appreciate everyone's participation and look forward to seeing the outcomes of these planning sessions.
Contact Me
If you have any questions about SCED or need assistance with a project, please contact me. I enjoy discussing economic development and am eager to help. Additionally, if there is a meeting or board where my participation would be beneficial, please let me know. It's crucial for SCED to remain relevant by actively participating and securing a seat at the table.
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