MAY 14, 2011 MINUTES
Call to Order: Warren called meeting to order. Present at meeting: Warren Lyon, John Ellis,
Bob Pryor, John Owens, Jim Stevenson, and Lynn Easley.
Present Minutes from last meeting: The minutes from the March meeting were presented and
accepted.
Reports:
Treasury: Warren presented the monthly update. The club has taken in $3,700 in dues
this year and dispersed approximately $1,091.00. The current balance is approximately $15,500
with $11,550 of that being in the capital reserve fund. There are two old unpaid accounts,
Sawyer and White. Six accounts are delinquent with 2011 dues. Bob will call Rozell, Wilcox,
White, and Sawyer concerning this.
John Owens made motion to accept the financial report as submitted. Second by John Ellis.
Accepted.
New Business:
Flags: Bob reported that he had gotten a note from Prestige Flag concerning none
payment for the flags recently purchased. Bob has checked with the treasurer and payment has
already been sent on this.
Membership: John Thorp is our newest member. Warren suggested the secretary make
sure he is on the membership list.
Race Series: Jim Stephenson briefly discussed the race series. He got no responses from
the invitations he distributed. The Geeziers will not be coming the weekend of the race. They
will most likely be coming in September. The September race will be moved from the 17th to
the 10th.
Power boat Excursion: The Power boat excursion will be June 25, 2011. John Owens
will call Harley to make sure he attends the June meeting.
Corporate Status: Warren has not contacted the state yet concerning this. He did sign
and file the 2009 report and showed no income. Incorporation was done for Richard Klein. We
may want to leave this alone and operate no longer as a corporation. We may need to increase or
insurance coverage to protect board members better. Jim suggested that we need to take more
time at a meeting for more detail discussion of this subject.
Goals for Club future: Jim discussed the possibility of the club leasing the
property at the old Deep End Marina. This was discussed and it is thought that we should
possibly put together a formal request to the lake authority but it was then decided that since
there appears to be interest from another party in purchasing the marina that this would be tabled
until more is known about this.
Old Business: No old business
Adjourn: Motion by John Ellis to adjourn. Seconded by Bob Pryor. The meeting was
adjourned.
Next Meeting June 11, 2011