Board of Trustees Meeting of Dec. 11th, 2006

A regular meeting of the Board of Trustees was held in the Clubhouse on Dec. 11th, 2006. All Board Members and Flag Officers present included P/C Grimm, Commodore Yates, V/C McGillin, R/C Roberts, Treasurer Captain Roberts, (etc.)

CALL TO ORDER: With a quorum present, Chairman Ewell called the meeting to order at 1905 hours.

MINUTES OF THE PREVIOUS MEETING: Minutes of the previous meeting were approved as written.

MEMBERSHIP REPORT: Captain Mark LaFountaine reported two new prospective members, Capt. Hess, and Capt. Barton, were read to the board. They will be brought into the club along with Capt. Mich Garton and Capt. Kimberly Foote at the January membership meeting.

TREASURER’S REPORT: Capt. Rogers reports the 2006-2007 monthly report looks good. New membership initiation fees are down from $49,500 to $41,000 which is $8,500 less than last year. This is primarily driven by the number of new members who paid the full $3000 initiation last year leaving less carry over to this year. Winslow is looking favorable at $910 under budget. Cash reserve is very good. There were no bar contributions this month due to restocking, as well as new choices of liquor. The long term bonds and notes continue to be paid down. Delinquent accounts are now down to seven members. These members will receive a $50 delinquency fee and will be reviewed for termination at next month’s meeting.

PLANNING AND FINANCE: Captain Bob Gundersen has volunteered for the audit committee.

BOARD CHAIRMAN REPORT: Chairman Ewell reports that Dennis Okamoto will chair the audit committee with Bob Gunderson, Nick Castro, and Dale Roberts. He also presented the need for a new registered agent. V/C McGillin has volunteered to fill that position.

COMMODORE’S REPORT: Commodore Yates reported on the 2006-07 capital projects. The flagpole at the outstation will cost $3,000 and be made out of fiberglass. The furniture for the TV room at the instation will be delivered by Dec. 20th. P/C Grimm will follow up on that and the disposal of the old furniture.

VICE COMMODORE’S REPORT: Vice Commodore McGillin reports the dock projects start this week of Dec. 11. He proposed to the board a clarification of the moorage rules and a procedure to enforce them. The board unanimously approved to support current and future VC’s in enforcing those rules. Storage and spillage boats will be addressed at a future meeting. The bar operations and rental agreement will be discussed at the next meeting.

REAR COMMODORE’S REPORT: Rear Commodore Roberts reports a ground clean up to be scheduled for Feb. 10. The junior yacht club meeting will be Dec. 16.

OLD BUSINESS: Capt. Gary Stone reports the need to raise insurance to cover identity theft. The Power Squadron is now insured through their own funds. Capt. Stone and PC Grimm continue to follow up on the 520 status and will meet again with the DOT in the middle part of January. AAC meeting ?

NEW BUSINESS: Commodore Yates will purchase Christmas gifts for Tiffany, Willie, and Fransisco out of his budget. The board member will be voted on at the Dec. 13 general meeting.

MEMBER COMMENTS: None.

NEXT BOARD MEETING: Jan. 8th, 2007 @ 1900 hours.

ADJOURNMENT: @ 2113 hours.

Respectfully submitted,

Scott W. Smith,
IV Secretary