Planning and Finance Meeting Minutes
Wednesday, September 4th 6:00 PM Zoom Meeting
P&F Committee Members: Chairman P/BC - Mark Weiss, Jeff Ohlstrom, P/BC - Gerald Fey, Jan Gould P/T, Dan Grimm, Commodore Michael Day, Board Chairman Barry Stolzman
Excused Absences: Treasurer David Ulfers,
Guests: Vice Commodore Doug Genord, Rear Commodore Doug Wadden, Board Member Joyce Carlson
Opening Comments: Planning and Finance Chairman Mark Weiss. Call to order 6:07 – review meeting outline and acknowledge Jeff for 5 years on P&F.
Approval of Minutes: Motioned meeting of June 4 by Jeff, seconded by Gerald. Approval was unanimous.
Bridge Reports:
-Commodore Michael Day: No Report
-Vice Commodore Doug Genord:
Docks painting project underway, going better than expected. No surprises so far.
Update on water damage claim with City of Seattle. $10K authorized by BOT to begin claims assessment and filing with attorneys and consultants. Initial discussions positive as to recovery. Will take time.
-Rear Commodore Doug Wadden:
Delly Behen to become new membership chair. Still sorting out member counts and updates.
Moorage will be run by a committee of Nick Castro, Dick Gedding and Jim Hernandez.
Board Report: Barry Stolzman, Board Chairman:
Final Budget review tonight and present to the BOT next Monday.
Treasurer Report: David Ulfers: No Report
Old Business:
Budget Items 2022/23 and 2023/24 – Finalize Adjustments -still needs to be completed. The total is $79,000.
($33K) for 21-22
($46K) for 22-23 budget
Expect Capital Reserve fund to be zero or negative.
Dave & Joyce will continue to work and make recommendations.
520 Updates
Street end permit/lease came in 27K with back payment of 34K. Latter funded from initial 520 fund reserve.
520 project itself is estimated to start in Dec-Jan. Some initial on-site inspections are starting. We should receive a 90 notice before formal work commences.
2024/25 Budget
Review V.C. Doug G budget
Insurance increase adjusted to 25%. (Subsequently reduced to 15% - Mark W to update). Tom Johnson agreed to chair an insurance review committee.
$60k legal estimate to pursue water damage claim.
Reduced $50k from 24-25 docks capital.
Review of membership numbers.
Other minor budget adjustments reviewed.
Recommend budget approval to BOT – unanimously approved.
Mark to send final budget to P&F once approved by BOT
New Business:
- New P&F member. Mark W has reached out to Barry Rutten to join P&F. Barry has agreed. P&F approved.
- Lynn Hancock and/or Sean Estrada were suggested as potential future P&F members.
Meeting closed at 8:05 PM
Next Meeting: Tuesday October 1st at 6:00pm Zoom Meeting.