Executive Committee Meeting Minutes

December 14, 2004

Members Present: Tom Morley, Phil Gorman, Amber Bach-Gorman, Brian White, Don Duley, Bill Brockway, Brian Dowling, Chris Duley, Dan Inhelder

6:35 pm - meeting called to order by Phil Gorman

Brian Dowling made a motion to approve minutes from 11/2/04 meeting. 2^nd by Don Duley, motion carries

Treasurer’s Report

Discussion held about small monetary loss of 212.82 on the fall banquet. This was due to a room charge that was originally thought to be a deposit. Original budget allowed for 1400.00 actual expenses were 1612.82.

Changes to 2004 budget included dividing committee boat expenses into specific categories: upgrades, trailer, gas and oil, engine repairs.

Discussion over profit made by North American’s was held, leaving club with increased equity and increased cash flow from the year before.

Phil Gorman called for motion to approve 2004 final budget, Brian Dowling made motion, 2^nd by Don Duley, motion carried.

Proposal of 2005 VSC Budget made by Brian White. Discussion over new fundraising and sponsorship categories was held. Phil Gorman made a motion to move 300.00 from Race Committee expenses to the Gas and oil bracket under the committee boat. The awards budget was lowered. Chris Duley proposed idea of fundraising committee. Don Duley moves to accept proposed budget with changes, 2^nd Brian Dowling, motion carried.

Discussion regarding the existing finance committe was held, former members included John Trombley and Jordy Von Elbe. Brian White is willing to reform committee and establish new goals.

Race Committe Report

Brian Dowling wants to start work on the VSC book and plans to have it for review for January Exec meeting. Phil Gorman has transferred material to Brian D. Brian D. stated race schedule will not be finished by January. Discussion of possible on-line versions of the book were discussed.

Committee Boat Report

Chris Duley reported trailer fits boat well, that boat is running and stored for the winter at his home. Discussion was held regarding trailer insurance. Brian White is to continue to investiage insurance options.

Brian Dowling motions to table until next meeting, Phil Gorman seconds motion , motion carries.

VSC’s rating committee met with LCYC rating committee. Discussion held about rating reviews for both NY boats and VT boats.

The next LCYC/VSC meeting meeting will bey ½7/05 at 7pm at Marty Olson’s home.

Dan Inhelder reported zero events at this time. Discussion held about possible midwinter event at Lake Placid Pub & Brewery in late February.

Clinton Regatta - needs volunteers, Chris Duley reported he usually serves as liason for VSC.

Discussion was held regarding the sailing center program that Chris Duley also serves on.

Chris Duley offered the suggestion that we create a volunteer award and Crew of the Year award. Dan Inhelder offered to establish a potential award criteria for January meeting. Recruiting new volunteers for various VSC committee was discussed.