HBC Board of Directors

Meeting Minutes

October 9^th, 2014 @ 6:30 pm

Pearl Park Recreation Center

414 E Diamond Lake Road, Minneapolis, MN 55419

Phone (612) 370-4906

The meeting was called to order at 6:30 by Vice-President Paul Huntington. In attendance:  Paul Huntington, Larry Narveson, Bob Dean, Greg Swanson, Mary Wiershem, and Pat Smith Welles.

The minutes were distributed and amended as follows:

• o   Correction - Our TDA net profits were less than the $2,000.00 we had budgeted, not more.
• o   There was a question about whether Greg should write checks about the donations we are planning.

                     We will table this until Leon returns

The minutes were approved                

Financial Report was distributed:

• o   Income

Membership dues Cash                         $35.00

Membership dues PayPal                       23.97

Vanguard Earnings (Loss)                      -35.62

Total                                                             $23.35

• o   Expenses

Annual Meeting Rent                           $125.00

September Birthday Cake                       33.00

Storage Locker                                            61.00

Total                                                           $219.00

Net Change                                             $195.65

• o   Assets as of 9/30/14:

                              TCF                                                         $6,408.35

                              Pay Pal                                                     1,257.64

                              Vanguard                                             19,317.77

Cash on Hand                                               36.00                                                                     

                     Total                                                    $27,019.76

                     Net Change                                            -$195.65

Treasurer’s Report was approved      

Membership Report

• o   We had 206 members
• o   We removed 4 members
• o   We have no new members 
• o   We currently have a total of 202 members.

Membership Report was approved

Operating Calendar was distributed and amended as follows:

• o   We will have a Ride Leader meeting in November on the 15^th or the 27^th starting at 8:00 AM

                     This meeting offers the opportunity to recap the riding season

• o   Larry will bring snacks for the November board meeting

Operating Calendar was approved

New Business

• o   Paying for Smart Cycling - Will the club reimburse riders for taking the class

Only those members in good standing for a year or more

                  Approved for now, but will re-evaluate with the number of participants

• o   Board meetings will continue to be on the 2^nd Thursday of each month
• o   Marcy has a volunteer opportunity for Saturday, October 10^th at One Ten Cycles

                           Breast Cancer Awareness Ride

• o   Question arose about authorizing John Hardy to purchase 200 Smart Cycling Quick Guide or Rules of the Road

                           Table until the next meeting – we need to know more

                           Paul will talk to John.

The next meeting will be held November 11^th at the Pearl Park Recreation Center. Larry will bring snacks.

Motion to adjourn was made at 7:40 pm.

Respectfully submitted,

Pat Smith Welles