1.0/2.0 Call to Order / Roll Call
The Regular meeting of the Board of Directors of the Red, White & Blue Fire District
was called to order by President Greenly at 0701. In attendance were Directors
Greenly, Perkins, Randall, and Gothard. Director Griffin was excused. Chief Green,
Deputy Chief Miller, Carmen Modglin, Battalion Chief Rosenberger and Captain Kim
Scott were in attendance. Captain Scott served as Recording Secretary.

3.0 Approval of Minutes
M/S Perkins/Gothard to approve the minutes from the February 15, 2007, Board
meeting. Voice vote unanimous. Motion carried.

4.0 Citizens Comments, Matters for Public Hearing, and Other Communications
None.

5.0 Approval of Changes to the Agenda
There were no changes to the agenda.

6.0 2006 Financial Audit Presentation
Pat Lytle presented the 2006 Audit to the Board and stated that the audit went well;
Carmen was very helpful.

He stated that the financial statements for the prior period needed to be adjusted for
2006. Some assets were depreciated in excess of cost and an adjustment was made to
correct this presentation. Pat stated that he confirmed the outstanding debt service
principal and interest allocations with Wells Fargo and adjustments to this allocation
were made accordingly.

He also stated that the donated land (North Station) was received at the end of 2006. It
was recorded at fair market value of $228,000, which is the estimated value given by
the county assessor office.

A paragraph was added to page 16 -17 to include debt incurred to purchase assets
through Summit Fire Authority and the total value of costs was disclosed. The
percentage of ownership that RWB has will be based on total payments after it is paid
off.

Using "Snake River FPD" will stay in the report for 2006, since they were still an existing
entity for part of the year.

Pat stated that there are some recommendations to the Board from his company,
including implementing a review of wire transfers, approval of payments by the Board
using "Positive Pay" as an internal control, reviewing our bank account reconciliations,
having Carmen report monthly, instead of quarterly, with the detailed financial reporting
of budget to actual.

After completion of the audit presentation:

Director Greenly stated that Chief Green needs to review both hours and rates for
payroll before it is sent to Carmen, thereby providing another check after the BCs and
DC Miller look at the timecards.

The Board suggested and agreed that Carmen go to the monthly, instead of quarterly,
reporting.

Gothard suggested to Carmen to look into the positive-pay system with the local bank
and the associated fees and report back at the next BOD meeting.

7.0 Chief’s Report & Discussion Topics
1. Emergency Response Data

Chief Green stated that to date we have had one of our busiest ski seasons (November
15—March 15, 120 days) for emergency response. During this time we averaged over
four emergency responses per day.

Chief passed around the monthly response per statistics, showing that Station 6
continues to receive about 75% of the responses.

Chief reported on the recent fires we have responded to and a discussion about
propane heaters and public education ensued.

Engine 7 responded to the Skier’s Edge fire in three minutes. Perkins stated that it is
great to have that station manned 24/7.

Chief stated that our new records management system is due to go live in April.

Carmen reported that time and leave reporting will soon be automated.

Perkins asked about an inventory module in the new software.

Chief reported that the new medic units are in. He said that crews are currently using
the wildland rigs instead of the engines for medical emergencies and errands.
Carmen said that we have collected $1.3 million in tax revenue presently. She
suggested to the Board to look at another option to repay the loan we currently have.
The loan isn’t due until August, but if we invest the money from now until then, we can
earn more in interest to offset the fees associated with the loan. The interest would be
around $3,000.

Greenly stated that we be very careful with investment of these funds. He strongly
urged immediately paying off the loan early and not having a debt on the books.
Gothard, Randall and Perkins agreed.

8.0 Other Business
No other business.

9.0 Consent
1. February 2007 Bills List. Perkins asked for clarification on cost of new copier.
M/S Randall/Perkins to approve. Voice vote unanimous, motion carried.

10.0 Adjournment

M/S Perkins/Randall to adjourn March 15, 2007, Board of Directors Meeting at 8:20
a.m.. Voice vote, unanimous, motion carried.

Next Meeting set for April 26, 2007 at 7:00 a.m. at 316 N. Main St., Breckenridge.

Respectfully Submitted:

Wayne Randall, Secretary
Captain Kimberly Scott, Recording Secretary