May 10th 2016
MONTHLY MEETING MINUTES
Present at meeting: Steve Lowe, John Owens, Rick Walker, John Springer, Ben Hooks, Dana Adams, and Lynn Easley.
Call to Order by Steve Lowe.
Present Minutes from last meeting
The minutes were presented by Lynn Easley.
Rick Walker suggested amending the minutes by replacing “Rick Walker will take it in to a sign shop to get the vinyl lettering updated to the current information on the club.” with Bob Pryor's name since he was the one that was taking the signs in.
Motion to accept by Rick Walker, seconded by Ben Hooks.
Financial Report
The financial report was presented by John Springer.
The report has been broken out into two sections, with the beginning of spending from the capital funds.
Statement of Operations:
Year to Date receipts total $1,700.00
Year to Date Disbursements total $1,459.46
Year to Date Surplus currently totals $240.54
Statement of Capital Funds:
Year to Date beginning capital funds was $14,087.50
Disbursements
Barge $1750.00
Gas Grill $339.41
Year to Date capital funds spending totals $2,089.41
Year to Date capital funds ending balance $11,998.09
LPYC Proof of cash as of May 10th 2016
Beginning cash balance: $20,371.35
Operating surplus: $240.54
Capital spending: ($2,089.41)
Ending cash balance: $18522.48
Motion to accept treasury report by Lynn Easley, seconded by John Owens all in favor.
Old Business
Update on signs and portable pump out station:
Bob Pryor is handling the updates to the signs. Rick Walker currently has the pump out station in his storage and will be moving it to the LPYC storage closet at Lake Palestine Marina. The directors also discussed adding shelves or hooks to allow better use of storage space in the club locker.
New members goals:
Steve Lowe will be meeting with Charles Sharp, a recent inquirer from the LPYC website. He has recently relocated from the Kemah area
and is interested in the sailing scene.
LPYC barge plans and budget:
A club work day has been scheduled for May 28th to strip off the old flooring and add the new floor. The club will need 5 to 6 volunteers for this phase. Tools that will be needed are drills and crowbars.
John Owens estimated the cost of around $350 to redo the flooring for materials. He will order the wood supplies and fasteners before the work day. He also recommend going with some type of self driller screws verses the bolts that are on there now. Replacing the bolts in the frame would be a difficult task.
The club estimated it would take between 5 and 6 workdays at one a month to finish the barge. That would put the completion date in the late fall.
Upcoming activities:
Dana Adams will host a renaming ceremony on his boat on Saturday, May 14th starting at 5:30 pm at the Lake Palestine Marina. Bob Pryor will perform the ceremony and John Springer will be grilling the burgers.
The upcoming third Friday social on the 20th will be held at Portofino's Italian Restaurant. It will feature a guest speaker, Gus Gordon.
The following day, May 20th features the sailboat race, and a raft up in Chimney Creek cove that evening.
The club also decided to continue renting the porta-potty outhouse for future dock party events for now.
Marina expansion update:
Nat Hart launched his boat last Saturday, it is currently in Rich Munson's slip. Ben Hooks will seek approval to add another set of hold off arms at the end of the dock to accommodate another boat for now. That brings the marina two over the original slip availability.
New Business
Next Directors Meeting:
The date for the next meeting will be Tuesday June 21 at 4:30 pm, at Ben Hooks office.
Adjournment
Motion by John Owens. Seconded by Rick Walker to adjourn.
Approved.