January 18th, 2025
ANNUAL MEETING MINUTES
Present at meeting: Brent Boyle, Karen Boyle, Steve Lowe, John Springer, Kitty Springer, Chuck Brazell, Rich Munson, Dana Adams, Ben Hooks, Laura Hooks, Peter Pitonak, Luba Pitonak, Lynn Easley
Call to order by John Springer
Approval of Minutes From Last Annual Meeting:
The minutes were presented by Lynn Easley.
Motion to accept minutes by John Springer, seconded by Steve Lowe.
Financial Report:
Financial report was submitted by John Springer.
Reported no change from the last report of 2024.
Receipts:
Receipts for the year 2024 were $2,045.00 which are dues from twenty members and the purchase of ball caps.
Disbursements:
Disbursements for the year 2024 were $2,405.51 and are summarized as follows
$1764.20 Social – Membership Meeting, Dock Parties and Christmas Party.
$400.00 Slip and Storage Locker.
$181.98 Bur-gees.
$24.89 Equipment (propane).
$23.62 Copies.
$10.83 Trophy Engraving.
Surplus/Deficit:
L.P.Y.C. has a cash deficit for the year of $360.51.
General Comments:
The cash balance at December 31, 2024 is $16,251.47, which includes $9,370.50 from the capital fund.
Presented a 2025 budget based on the 2024 budget. It is expected to lose a few members for the upcoming year.
Treasury’s report was accepted by Chuck Brazell, and seconded by Ben Hooks.
Old Business
Refloating of the Barge:
Brent Boyle commended the members in their efforts of refloating the partially sunk barge. Following the events from afar was quite interesting.
New Business
Election of Directors and Officers:
No nominations were received from the members for the three full term director positions of Brent Boyle, Nat Hart, and Ashley Tackett. Brent Boyle and Nat Hart agreed to reprise their director openings, and Rich Munson agreed to a director position. Joe Greco will fill the special advisor position. By a voice vote with no objections from the floor, all candidates were elected for 2025.
For the year 2025 term, the board recommend officers were.
Brent Boyle – Commodore.
Steve Lowe – Vice Commodore.
John Springer – Treasurer.
Lynn Easley – Secretary.
The officers for 2025 were approved by voice vote with no objections.
Vision Committee Ideal:
Presented by Ben Hooks, suggested a committee made up of directors and members to have the focus of presenting ideas for activities that would be then presented to the board. It would consist of 4 or more short hour meetings that are narrowly focused on ideals for club activities. Ben will send out a communication asking for volunteers to serve on the committee.
LPYC Activities for 2025:
It’s planned to continue the Spring Fling Race and the Fall Turkey race and including the six spring and six fall races that are included within the Spring Fling and Fall Turkey races.
It was also suggested to replace a few of the third Friday events with dock parties.
Next Monthly Meeting:
The next monthly meeting for February is currently scheduled for February 8th.
Adjournment
Motion to adjourn by John Springer, seconded by Steve Lowe.