|A meeting of the Executive Committee of
the United States Sailing Association was held by telephone conference
at 2000 (Eastern Time) on Monday, August 14, 2000. President Muldoon
presided, and Secretary Everingham recorded the minutes.
1. ROLL CALL AND INTRODUCTION OF GUESTS. All members of the Executive Committee were present except Ms. Baxter and Mr. Cook. Executive Director Terry Harper also was present.
2. APPROVAL OF MINUTES. The minutes of the July 31, 2000 meeting of the Executive Committee were approved as corrected.
3. PRESIDENT'S REMARKS. Mr. Muldoon had no opening remarks.
4. Treasurer's Report. Treasurer Lane discussed the financial statements for the nine-month period ended July 31, 2000, which were distributed to the Executive Committee by mail the week before the meeting.
5. Executive Director's Report. The Executive Director’s report was distributed before the meeting.
5a. Membership Report - Mr. Harper reviewed the statistical information distributed to the Executive Committee before the meeting and discussed in his report. We are still lagging behind in organizational memberships and remedial steps are being taken. The staff is working on some meaningful year-end membership projections.
5b. Chubb Masterpiece Insurance Proposal – Mr. Durant will discuss this matter with Gene and Glenn McCarthy.
6. UNFINISHED BUSINESS
6a. 2001 Budget – The Executive Committee reviewed and discussed in detail the draft budget distributed by fax on August 11, which slightly exceeded the 4% margin requirement and essentially met the $3.9 million expense cap. The Executive Committee had a number of questions, some of which could not be answered during the course of the meeting. President Muldoon asked for a roll call of the Executive Committee during which each member was asked to describe the one piece of budget-related information that he or she most needed to evaluate the budget. (NOTE: A list of the requested information was provided to the Executive Director by e-mail, with copies to the Executive Committee, on August 15.)
6b. MIT License Agreement re: IMS – Dr. Eissner reported that no action is expected until after the November ISAF / ORC meetings. Discussion was deferred until then.
6c. Website Update – Mr. Schoettle reported that we are tracking roughly twice the website activity as one year ago with about 2,000,000 hits and 100,000 users sessions per month. We currently have e-mail addresses for 6,682 members and expect to have about 8,000 by year-end. We are getting three new US SAILING memberships through the website for each renewal through the website.
6d. Membership Systems – Mr. Rosekrans reviewed his August 13 e-mailed report on his membership-related conferences in Portsmouth on August 3-5 and the steps being taken, and to be taken, as a result.
7. New Business
7a. Changes to 403b Plan – Discussion deferred until the September 12 Executive Committee meeting.
7b. ORC Submissions to ISAF re: IMS – The Executive Committee reaffirmed the position approved by the Executive Committee on August 16, 1999 and the Board of Directors on October 31, 1999, respecting alterations to interior volume space and headroom requirements for smaller yachts (IMS Rule Paragraph 305, Headroom and Interior Volume).
In addition, the Executive Committee approved a submission to ISAF that would remove carbon fiber from the list of materials prohibited in sails by the IMS Rules. Specifically, the submission would delete in its entirety Item 11 ("No sail containing Carbon fiber is permitted.") from IMS Rule Paragraph 203 (Rig).
8. ARTICLE 14 AND RRS 69 MATTERS – Mr. Everingham was excused and left the meeting, after which the Executive Committee and the Executive Director continued in executive session respecting Article 14 and RRS 69 matters. Mr. Harper kept separate minutes of the executive session.
The meeting adjourned. The next meeting will be by telephone conference call at 2000 (Eastern Time) on Tuesday, September 12, 2000.
J. Theodore Everingham, Secretary