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. 

Meeting Date
Meeting Type
Planning & Finance