Cincinnati Bridge Association Board of Directors:
Minutes of the Regular Meeting of April 18, 2011
Board President Stephani called the meeting to order at 5:35 p.m. Present were:, Debbie Cummings, Patrick Hoffman Gayle Keaney, Everitt Kitchen, , Potter Orr, Mike Purcell, , and A.J. Stephani. Members Absent: Mary Clifton, Cordell Coy, Barb Levinson, and Chris Schwartz
The March minutes were approved.
A motion was approved to award the Patty Eber award to Tom Deddens at a special game the evening of Tuesday May 17 to recognize his exceptional service to the Cincinnati Bridge Association. Tom has directed the Novice game for 8 years. The board also directed Ev to
have the trophy plaque engraved with wording agreed to by AJ and Ev, and, as described in the terms for the award, Ev will secure a keeper trophy for presentation to Tom.
Potter has volunteered to host a dinner on Sunday evening May 29 at his home for ACBL President Craig Robertson (who is visiting our Unit on his tour of 100 units). The board consensus is that CBA Board members, and Mike Lipp, our CBA Unit Coordinator who arranged the visit will be invited to attend.
Potter updated the board on preparations for the Regional scheduled for April 26-May 1. AJ volunteered to ask Pete Whipple, a past NAP Fleet B champion, to provide the lecture for Saturday evening. Potter is preparing a trifold restaurant guide for attendees covering the area bounded by Princeton Pike, Chester, Sharon, and Kemper Roads. Gayle reviewed the schedule for hospitality sessions, and warned that less profit may be realized for this year for the regional because of higher costs and lower table counts if the pattern seen at other regionals for this year continues.
Treasurer Keaney discussed a Profit and Loss comparison for the first quarters of 2011 and 2010 and a balance sheet as of March 31, 2011. Net income for the first quarter of 2011 is reported as a loss of about $10,200, compared to a loss of $2,200 for the first quarter of 2010. Stated differently losses through March appear to be about 8,000 greater for 2011 than for 2010. Gayle explained however, that the restated losses for 2010 will be about 5,000 to 6,000 higher when supply expenses are allocated to that interval, so the first quarter of 2011 loss is closer to 2,000 to 3,000 greater rather than 8,000 higher than for the previous year.
The balance sheet as of March 31, 2011 shows assets of about $152,700 which is $10,200 lower than for a year earlier. Analysis of income and expense for the first quarter of 2011 indicates that higher expenses rather than reduced income are the apparent cause of reduced assets. At our May board meeting we expect to gain a fuller understanding of full year financial trends.
A report from Debbie Cummings has set direction for reducing copier toner expenses in part through purchases through Amazon, keeping supplies under lock, and switching locations of printers to better control usage.
The meeting was adjourned at 6:38.