A Board Meeting of the Raritan Yacht Club was called to order at 20:35 on December 13, 2005.

 

1.     Roll Call

 

 

N

D

J

F

M

A

M

J

J

A

S

O

N

Commodore Dave Frizell

n

X

 

 

 

 

 

 

 

 

 

 

 

VC Vicky Jo Neiner

o

X

 

 

 

 

 

 

 

 

 

 

 

RC Dennis Meichel

 

X

 

 

 

 

 

 

 

 

 

 

 

PC Willam B. Adams

m

X

 

 

 

 

 

 

 

 

 

 

 

Jim Bauer

e

X

 

 

 

 

 

 

 

 

 

 

 

Dennis Driscoll

e

X

 

 

 

 

 

 

 

 

 

 

 

PC Len Keating

t

O

 

 

 

 

 

 

 

 

 

 

 

Bob Kennedy

i

X

 

 

 

 

 

 

 

 

 

 

 

Ann Myer

n

X

 

 

 

 

 

 

 

 

 

 

 

Skippy Paul

g

X

 

 

 

 

 

 

 

 

 

 

 

Tony O’Reilly

 

X

 

 

 

 

 

 

 

 

 

 

 

Peter Rebovich, Jr.

 

X

 

 

 

 

 

 

 

 

 

 

 

Jerry Solas

 

X

 

 

 

 

 

 

 

 

 

 

 

Dave Steward

 

X

 

 

 

 

 

 

 

 

 

 

 

Roger Young

 

X

 

 

 

 

 

 

 

 

 

 

 

x = present, o = absent

 

2.     There was no November meeting.

 

3.     Tom Higgins presented the Financial Report for the eleven months ended November 30, 2005.  The cash balance at November 30 was $90,553.  Excess revenues over expenses YTD were $98,899 vs. $22,850 budgeted.  The largest contribution to the difference arose from the initiation fees from the new members.

 

4.     Dennis Meichel presented the Rear Commodore’s Report.

 

a.     Dennis met with each chairperson and discussed budgets and work party dates, which will be published in the next TellTales.

 

5.     Vicky Jo Neiner presented the Vice Commodore’s Report.

 

a.     Vicky listed the various chairpersons for the coming year.

b.     There will be a change in the New Year Eve format.  There will be two sittings for dinner, but any member, not only couples, can come to socialize.  There will be a DJ.

c.     The Egg Nog Party is scheduled for Sunday, and the Board is encouraged to attend.

 

6.     Dave Frizell presented the Commodore’s Report.

 

a.     Dave welcomed the new Board members.  He discussed responsibilities of the Board, including being present at the Club at as many events as possible.  He noted that the Board needs to take responsibility for the Club, and that the Board acts as the eyes and ears of the Flag.  The Board should bring issues raised by the membership to the Board meetings.

b.     Regarding Capital Planning, Dave had appointed a committee, consisting of Jim Woller, Bob Matthews, and Steve Buzbee, immediately after the Annual Meeting to review the proposals for capital expenditures.  The committee has not finished their report, so discussion of the issue was postponed.

c.     Dave suggested that it would be worthwhile for RYC to have a mission statement, and asked each Board member to prepare 5-10 words for such a statement.  He noted that other clubs have mission statements.

d.     Dave suggested that RYC should have sailboats available for members who do not own boats.  The boats should be daysailors, but not boats similar to JY15s.  Vicky noted that many clubs on the Sound have such boats, and several own Ideal 18s.  Other clubs on Raritan Bay will be contacted to see if they have any interest.

 

7.     Old Business.  None.

 

8.     New Business.

 

a.     Ron Gort stated that the agenda for the Annual Meeting did not include Old or New Business.  In this area, he expressed concern that at times there have been too many people in the Surf room, which infringes on the fire lane and puts people at risk.  Dave responded that Ron’s comment was well taken, and that he would refer the comment to the appropriate people.

 

b.     The list of chairpersons and appointments for 2006 was approved.

 

c.     Ann discussed racing issues.  Because of over-budget concerns, expenditures on trophies were less than usual.  Ann stated that racers make up a good portion of the active Club members and requested that the budget be increased for next year.

 

d.     A handout, “Raritan Yacht Club – Budget Worksheet” was distributed.  Four changes were made: Bar revenue $132,000, Race revenue $11,400, Bar operating expenses $119,250, and Race operating expenses $14,400.  The budget was approved with these changes.

 

e.     Bill Adams spoke about the Sinking Fund.  He stated that the purpose of the Fund has been to replace capital items at future value.  In the past, the philosophy has been to itemize all things in the Fund.  For the future, he offered a proposal to combine items into categories.  The categories would include, house, launch, bulkhead, pier, and docks. Handouts were distributed that showed the Sinking Fund Analysis for the year ended December 31, 2004 and the proposed Sinking Fund Analysis for 2006.  The estimated cost for replacement would drop from $936,000 to $880,000.  In the discussion that followed, it was noted that the current method of itemization was not a manageable way to handle the Sinking Fund.  For example, the Cooper Mansion roof is covered, but the Grill Room roof is not.  A motion to accept the new Sinking Fund Analysis as per the handout was approved.

 

9.     The meeting was adjourned at 22:40.

 

Respectfully Submitted,

Fred Hartner

Secretary

 

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