Planning and Finance Meeting Minutes
Tuesday, March 5th, 6:00 PM Zoom Meeting
P&F Committee Members: Chairman P/BC - Mark Weiss, P/BC - Gerald Fey, Jeff Ohlstrom, Jan Gould P/T, Terron Lindholme P/C, Commodore Michael Day
Guests: Acting Treasurer Joyce Carlson P/T, Vice Commodore Doug Genord, Rear Commodore Doug Wadden
Excused Absences: Board Chairman Barry Stolzman
Opening Comments: Planning and Finance Chairman Mark Weiss. Call to order 6:07 – review meeting outline.
Approval of Minutes: Motioned by Feb. 6th by Jan. Approval was unanimous.
Bridge Reports:
-Commodore Michael Day:
- Notice from the estate from Peter Lang that he gifted in his will some equipment in a shop in West Seattle.
- Need to evaluate the equipment and decide if that is something that the club wants to acquire.
- Ray Rebello has resigned as Treasurer. Replacement nomination, election and swearing-in is expected to be complete in the last meeting of March or the First meeting in April.
-Vice Commodore Doug Genord:
- Met with the City of Seattle regarding the claim with the flood from the water main break.
- Contacted Century Link/Lumen and dropped 4 lines and should save $3,500 a year.
-Rear Commodore Doug Wadden:
- Willow tree to be removed approx. $4000, Stump will remain.
- Permit $482
- Need to plan to add budget to support recruitment of new membership.
Board Report: Barry Stolzman, Board Chairman:
- No Report / Absent
Treasurer Report: Joyce Carlson:
- Financials for March are underway and will be delivered by Sunday 3/10.
Old Business:
- Review of the financial deficit will take place with Jeff, Joyce, and Mark in the upcoming weeks.
- “How did we get into the deficit?” Planned for the budget surplus but in the last year was overestimated and fell short. Tabled this until the financial review is completed.
- Mark to send a letter about the Street-end permit lease regarding the bond requirement from the city.
- Mark presented an update to the Dock 3 construction related to the SR520 replacement project.
- The dues vote is coming up on March 13th. Should have a contingency plan for a second vote in case it's needed.
New Business:
- VC’s Budget review.
- A good projected membership number is June’s membership count – 15.
- Line-item discussion
- What is the number of additional 50 Amp outlets we can support?
- Doug to schedule a meeting to for Mark to share the electrical project information.
- Investing the T-Bills coming due – $489,000. How should it be reinvested?
- Discussed and P&F thinks reinvesting short term is a good idea.
The meeting closed at 8:15 PM.
Next Meeting: Tuesday, April 2nd at 6:00 pm Zoom Meeting.
Minutes
February-Jeff
March-Gerald
April-Terron
May-Gerald
June-Jan
September-Jeff