July 25, 2007

Minutes of the Board of Director’s Meeting, Unit 215, South Alabama Bridge Assn.

CALL TO ORDER

President Fran Krizman called the meeting to order at 1:35 p.m. Present were Fran, Bill Barton, Bill McGlasson, Barbara Slaughter, Ed Stephens, Nan Watson and Jean White. Absent: Nancy Hora and Margaret Miller.

MINUTES

Last month’s minutes were read and approved.

TREASURER’S REPORT

Nan reported a Balance-on-Hand as of 6/30/07 of $5,930.04 and a building fund balance of $21,670.87. Also, that a check for $375 was written for the water sprinkler system. It was recommended that this payment be taken out of the Building Fund. Nan further reported that in the past, we have not had to file income tax if our income was less than $25,000. This has been changed. Next year we will have to report any income over $5,000.00. Fran will check on whether or not our board members have liability insurance coverage through ACBL. The treasurer’s report was accepted.

MEMBERSHIP

Jean presented a Director's Pamphlet, a Mobile Bridge Club Directory, and an ACBL Unit 215 Total Membership list. It was decided to have 200 copies printed of both the pamphlet and the directory at a cost of approximately $165. The pamphlet will be distributed to all of the Unit 215 clubs. It was further suggested that the directory be available to the membership for $1.00 per copy. Since the Unit 215 total membership list is available to all members on the internet (ACBL.com), it was decided to run only a few copies for use by the club directors. The board approved this printing and distribution.

OLD BUSINESS

Selling the Property: Bill McGlasson presented two options for selling portions of the Mobile Bridge Club property. The selling price of total property was estimated by a ReMax Realtor at $280,000. The selling price for one option amounting to 13,200 square feet of trees/brush & 5,800 square feet of parking lot was estimated by a ReMax Realtor at $120,000; and, the selling price for the second option amounting to 8,500 square feet of trees/brush was estimated by ReMax Realtor at $40,000. Neither option would infringe upon the battery limits of the Club House and there would be no reduction in the number of member parking places for either selling options. Bill further presented a list of suggestions to improve our club based on this sale. This was not brought up for a vote. Bill polled the board to respond to his question, "Do you believe we need more money?" The response was 5 nos, 1 pass, and 1 yes. This ended further discussion of the property.

Tournaments: Jean reported that Nancy had sent a check for $200 to District 10 for advertisement of our upcoming Sectional. This will be published in the October bulletin.

NEW BUSINESS

There was no new business.

The meeting was adjourned at 2:45 pm.

Respectfully submitted,

Jean White

Acting Secretary