Friends of Guemes Island:

FGI Returns Funds To GIET, Appoints New Board Members

 

At its board meeting today, Friends of Guemes Island voted unanimously to return $5,479.00 to the Guemes Island Environmental Trust (GIET).

This amount reflects the unspent portion of the funds provided to FGI by the Peach Trust, utilizing GIET as our fiscal sponsor. Because these funds was designated for our legal actions against Skagit County, and because no further legal action by FGI is currently pending, FGI decided to return these funds to GIET.

This distribution of funds represents 72% of the funds remaining in FGI's accounts. The percentage reflects a proportional split (72%/28%) between the funds provided by the Peach Trust through GIET and the funds simultaneously raised from our members to support the final phase of our legal efforts related to the late night ferry operations.

A total of $2,130 has been retained in FGI's treasury to provide a basic level of support for FGI's future activities.

Also at today's board meeting, the FGI board unanimously elected Ginger Orsini and Mary Jo Andrak to fill the board vacancies left by the earlier resignations of Dave Wolf and Deb Bear. Ginger and Mary Jo's board tenure will commence on July 1, 2009.

The FGI Board of Directors