JUNE 11, 2011 MINUTES
Present at meeting: Warren Lyon, Bob Pryor, Steve Lowe, Jim Stevenson, John Owens, Lynn
Easley, and Harley Wilke.
Call to Order by Warren Lyon
Present Minutes from last meeting
The minutes were submitted for review
Motion to approve by: Jim Stevenson
Seconded by: Bob Pryor
All approved
Committee Reports:
Warren presented the financial report as submitted by the treasurer. Our disbursements
for the year have been $1,090.00. The club currently has $14,629.00 in cash of which
$11,625.00 is in the capitol improvement fund. There are currently 5 unpaid dues:
Cecolli, Rozell, Sawyer, White, and Wilcox.
Motion to accept by: Steve Lowe
Seconded by: Jim Stevenson
All approved.
New Business
Information regarding Marina – Bob Pryor told the board that there is no new news on the
marina status.
Geezers week-end – This event is currently on hold until later in the year.
Third Race in Series – June 18 --- Jim Stevenson stated that the next race is scheduled for next
weekend weather permitting.
Power Boat Excursion June 25, 2011 Harley Wilke suggested this be delayed until Labor
Day weekend to coincide with the lake wide Poker Run.
Motion to accept by: Steve Lowe
Seconded by: Jim Stevenson
All approved
Corporate Status
Warren stated that the clubs corporate status is currently gone. There was much
discussion about the need for this, general liability of the club and tax liability. It
was a general agreement that if possible we do need to get the corporate status
back and also review the insurance coverage. Steve is going to look into what is
necessary for all of this. Warren stated that he had gotten a D & O insurance
quote of $650.
Capital Improvement Fund
There has been discussion about abolishing this. It was agreed that this will be
presented as a discussion and possible action item at the at the annual membership
meeting.
Old Business
There was no old business discussion.
Adjourn
Motion to accept by: Bob Pryor
Seconded by: Jim Stevenson
The meeting was adjourned
Next Meeting July 9, 2011 @ 12:30pm