ACBL Unit 503 Minutes, June 8th, 2010
Present were Mike Atherton, Elinor Tanck, Phyllis Gaffney, John Mattis, Steve Barasch, Lu Issacs, Sue Griswold, David Wheeler and Betsy Steele.
Mike Atherton informed the Board that Board Member Grant Spaeth had suffered a stroke but was improving well.
Bridge Center Rehab Update – Again, there has been very little progress. The Insurance Adjuster fell ill and was out of the office for three weeks. Twister’s attorney is trying to move things along. Diamond declared itself “not responsible”. It will take two months to totally rehabilitate the Bridge Center.
It was decided that it would be best if the Unit managed the entire temporary move. For an alternate two months facility, Alan Templeton and Alan Cummings checked out the Lutheran Church at the corner of Cuesta and El Monte in Los Altos. It is a nice facility with ample parking. Mike suggested the appointment of two co-chairmen to coordinate and help with the move. He asked for possible names for co-chairmen and as many additional volunteers as possible.
John Mattis suggested that the Board explore the empty building next door as well as St. Paul’s Lutheran Church on El Monte in Mountain View. John would make a drawing of the lay-out of the church. Moffett was mentioned as another possibility.
Constitutional Amendment to consolidate Unit and Bridge Center accounts: Voting to take place at the Unit Game on June 20th. Sue mentioned that it is mainly a book keeping exercise. A review of the accounts was done in 2006 by Tom Stevens, who also suggested consolidating the two accounts. This would facilitate bookkeeping and bring a higher interest rate. Sue will give a short overview of the separate accounts at the Unit Game and why they are not needed any more. There will be a motion and the Amendment must be approved by two-thirds of the members present.
The Board voted to invest in a CD up to $30,000 at a FDIC insured institution at the best interest rate. Sue felt that it would be best to renew the present $27,000 CD for another year.
Treasurer’s Report: The Center had a $1,700 profit for the month and $6,800 for the year, with a $44,400 balance. The Unit had a profit of $113 for the month and $3,400 for the year with a $53,500 balance. The Education Fund has $2,700 in the bank account and an $8,100 overall balance. Table count for April was 2899. Betsy suggested that a record be kept for the extra income generated by fee increases.
Firecracker expenses were discussed. Nancy Boyd does the accounting and will get a check to give to the ACBL, made out “not to exceed” a certain amount.
May Minutes were approved.
Elinor gave a report on the Kibitzer: The last issue had 6 pages. 50 copies were left over. Next issue will also have 6 pages.
Steve Barasch reported on the Firecrackers. He said that there were no issues. Pre-dealt boards for open games were suggested, as well as all results to be posted on the web site the same day.
John Mattis suggested that there should be a budget for the Unit with anticipated income and expenses to see if we are on track. This would be a future plan.
Respectfully submitted,
Susana Krulevitch For Terry Lancaster
Secretary