It was a full house at the November Board Meeting. 8 Board Members were present, along with 6 other members. The enthusiasm from the morning Club Meeting carried over to the Board Meeting!!
SECRETARY REPORT:
Brief discussion of Bylaws with possible changes/updates forthcoming
Jordan Lussier was voted in as a New member. Jordan gained interest in Rotary after meeting with Pete Sutton at the Oktoberfest.
Bradley Curtis was approved for position of Secretary for remainder of 2018-2019 Year;
Luke Kita was approved for the position of Sergeant At Arms for the remainder of 2018-2019 Year;
Melanie Phelps was approved for the position of At Large Board for remainder of the 2018-2019 Year.
TREASURER REPORT:
Mark Trevithick is working hard to bring a full financial update in the coming weeks.
There are several upcoming commitments, and with a down year at Oktoberfest all eyes are on our current and future financial position
FINANCIAL DISCUSSIONS:
Chad Heberly, as always, provided a very thorough and detailed investment report to the group. He covered the mixed equity, down bond markets, upward interest rates and its effects on our current partial risk management with a 60/40 high risk range. He also briefed the group as to the history of the fund. Chad provided recommendations for consideration on possible shifts to ultra short bond funds to offer liquidity while maintaining stability and little risk.
The entire group was very engaged in the discussions of our investments, scholarship history, and our Club's future sustainability.
Further conversations we had by all on the scholarships. Ranging from its original inception, the changes over the years, our current commitments, fund resources. Everyone had valuable input into looking toward the future of scholarships. The Scholarship Committee is being asked to evaluate our current program and evaluate its fiscal stability, both short term and long term.
Quick Books is nearing full implementation. This will help with dues collection, accounts receivables, and payments. There are still some hiccups, and in the short term, the old school paper invoices and communication will likely be provided to those with outstanding accounts.
Different rumors and conversations have been about regarding Oktoberfest. Short clarification, Oktoberfest will go on, but new members will need to take over the torch. However, Andy and Mitch will still offer guidance as needed.
The Board is looking for new small fundraising ideas. Start sending them in!!!! Laura Savage provided a couple exciting thoughts for those who like to run (or for those like me, a walk)
UPDATE: Dictionaries are in!!!! November 21 Club Meeting is expected to be the Sleeve/Insert Party. Make sure you make it. This is a great opportunity to get to know your fellow Rotarians. The distribution date is still to be determined. Also, with current increase in costs, other options are being pursued to make sure this program continues.