Laguna Development Corporation and the Pueblo of Laguna officers and council recently gathered for the bi-annual Shareholders Meeting on Tuesday, August 26. This year the event was held at Dancing Eagle Casino. LDC formally announced the company has once again delivered 100% of its financial commitments to our shareholders, the Pueblo of Laguna. LDC proudly presented a check for $8,234, 247 million to the Pueblo of Laguna which is distributed by Tribal leadership and used to fund important government programs that support the betterment and financial security of the community.
Governor Richard Luarkie and LDC Chairwoman Debra Haaland are joined by members of the Tribal Counsel and LDC Board of Directors.
After opening remarks by Governor Richard Luarkie and LDC Chairwoman Debra Haaland, President/CEO Jerry Smith offered a summary of 2013 financial results and introduced members of the LDC Senior Staff. Independent auditors Moss Adams Certified Public Accountants reported on the financial statements of LDC and evaluated the overall health of the company. Members of the Board of Directors presented information on key issues including; business results from the prior year, mid-year update on current business conditions, and future direction of the company. This was also an opportunity to formally announce the amount LDC has contributed to the government of the Pueblo and the Laguna community in the previous year. The board then presented a more detailed report on market conditions, issues and objectives as well as capital improvement projects topping LDC’s current and future operating agenda.
After the presentations the forum gave tribal members and shareholders a chance to ask questions and gain understanding about LDC entities and operations. Answers to these questions are provided to the pueblo in writing and will be delivered to community members during the weekly pueblo village meetings. The next shareholders meeting will be held in early 2015 when LDC will report preliminary business results from 2014 and provide an overview of the 2015 company business plan.