October 10th, 2017
MONTHLY MEETING MINUTES
Present at meeting: Ben Hooks, Steve Lowe, Chuck Brazell, Dana Adams, John Springer, and Lynn Easley.
Call to order by Ben Hooks.
Present Minutes from last meeting
The minutes were presented by Lynn Easley.
Motion to accept by Steve Lowe, seconded by John Springer.
Financial Report
The financial report was presented by John Springer.
Receipts:
Receipts for 2017 through October 10th were $2170.00 which consists of current year dues from twenty-one members and $20.00 proceeds from guests at social events.
Disbursements:
Disbursements for 2017 through October 10th were $1591.17 for operations and $649.80 for capital items, resulting in total disbursements of $2,240.97. Disbursements for operations are as follows.
1. $536.97 Socials.
2. $385.00 Storage Locker at Lake Palestine Marina.
3. $207.17 Equipment (Checks & Deposit Slips, Air Horns).
4. $159.40 Bur-gees.
5. $100.00 Slip Rental.
6. $54.00 P.O. Box Rent.
7. $80.00 Trailer Storage.
8. $68.63 Regatta Trophies.
Surplus:
For operations, receipts exceeded disbursements resulting in an operating surplus of $578.83.
General Comments:
The cash balance as of October 10, 2017 is $16,157.79. The cash balance one year ago was $17,590.54.
We have twenty-one dues paying members so far in 2017.
Motion to accept treasury report by Lynn Easley, seconded by Chuck Brazell.
Old Business
LPYC Directors:
C.D Sharp accepted the position vacated by John Owens. Two other members are possible replacements for directors expecting to step down in the future. Dana Adams suggested having a food and decoration committee to help in future social events.
Fall Regatta:
The Fall Regatta Committee met last week to review things for the upcoming fall regatta. Most everything is still in place from the spring regatta meetings. Dana’s and Harvey’s boats are still available for the event.
Dana Adams and Ben Hooks will send out emails detailing the upcoming event by Thursday. The entry fee was set at $25.00 per boat, with free box lunches for the skipper and crew and people working the event. In addition to the cookout on the docks that Saturday evening.
The directors agreed to buy T-shirts for the skippers of the boats, with Steve Lowe making the motion, and Chuck Brazell seconded it.
Wednesday Night Races Series:
Ben Hooks asked the directors to think on the proposed changes to the Wednesday night races and plan to propose the changes at the annual meeting in January.
New Business
Upcoming Social Events:
The Christmas Party is currently scheduled for the 2nd Saturday in December at Eagle’s Nest, and it was suggested the Annual meeting to be held at Emerald Bay, on the third Saturday of January to prevent conflict with Tyler Yacht Club annual meeting.
Next Director Meeting:
The next meeting is scheduled for the second Thursday of November 9th, at 5:00 PM at Ben Hooks office. The change is to better accommodate the directors schedules.
Adjournment
Motion by Steve Lowe. Seconded by John Springer to adjourn. Approved.