SDSPS 50th Anniversary Burgee

San Diego
Sail & Power Squadron

San Diego, CA

The meeting, was called to order by Commander Ron Weiner at 1730 at SWYC. A quorum was present.

Present:
Commander Ron Weiner
Lt/C Dave Baer, ExO
Lt/C Mike Fontaine, SEO
Lt/C Katherine Law, AO
Lt/C Virginia Prutow, Secretary
1/Lt Catherine Isaksen, Asst. Treasurer
P/C Bob Hubbard, Member at Large
Lt Richard Barck, Member at Large
Lt Tom Fota, IT Chair
Lt Lynda Juniper, Boat Show Chair

Absent:
Lt/C John Isaksen, Treasurer
1 /Lt Dan Carlin, AEO
1/Lt Barbara Goddard, AAO
P/Lt/C Sterling Campbell, Member at Large
Lt Bill Frame, Member at Large

MINUTES: The minutes of 8 December, 2003 were approved as posted.

CORRESPONDENCE: The Commander read a letter from Mike Collins, Audit Committee Chair, dated 18 December, 2003 saying that he and Bill Bridge had met with the Treasurer and reviewed the monthly financial reports and the records and found them to be in good order. He commended the Treasurer for "a job well done." The letter will be placed in the file.

OFFICERS' REPORTS:
Assistant Treasurer, Catherine Isaksen reported as follows:

Financial Statement for December, 2003: She reviewed the written financial statement which showed that the cash on hand at year end was 29% less than that for the same time last year. This was attributed to an inventory of shirts and caps and the recent purchase of educational materials.

Proposed 2004 Budget: The Assistant Treasurer reviewed the budget proposal for the coming year with help from the ExO and AO who attended the budget meeting along with the Treasurer and SEO. The budget is balanced and represents a 7% increase over the 2003 budget. It is projected that the increased income will come from a slight increase in both membership and retention and an increase in the cost of classes to cover postage.
It was also noted that a change in the bookkeeping for the Change of Watch made the numbers somewhat higher.

The AO moved that that the proposed 2004 Budget be approved as presented. The motion was seconded.
After discussion, the motion passed with no opposition.

Trophy Case at SWYC: The Assistant Treasurer reported that work had begun on the trophy case which was partially funded by a donation from the squadron in 2002.

VSC Chair, Dick Barck announced that the squadron had received the 2004 VSC decals. There are currently only 2 certified examiners.

OLD BUSINESS: None

NEW BUSINESS: None

The meeting was adjourned at 1800. The next meeting will be held at the home of the Nominee for Commander, Dave Baer, on 9 February at 1900.

Respectfully submitted,

Virginia Prutow
Secretary