Executive Committee members Sarah Alger, Charley Cook, Bruce
Eissner, Ted Everingham, Louise van Voorhis Gleason, Fred Hagedorn,
Stephen Jeffries, Linda Kessler, Dave Rosekrans, John Ross, Mike
Schoettle, and Larry White were present. Also present were Interim
Executive Director William Placke and, at the invitation of the
president, Budget Chair Donna Hobbs.
Prescription to Racing Rule 64.1(a).
Ted Everingham and Dave Rosekrans noted that since ISAF has deleted
Regulation 21.2.1(h), which required all members of every crew in every
race to be either a member of their national authority or a member of a
club or other organization affiliated to their national authority, this
prescription is no longer necessary.
Motion: a motion was seconded and approved to delete the US
SAILING prescription to Racing Rule 64.1(a), effective immediately.
Budget. Donna Hobbs reported that the Budget Committee is willing to support an
ExCom resolution to the BOD mandate of a 4% margin, but recommends at a
minimum a break-even budget after capital/strategic spending. Bill
Placke discussed budget two scenarios reflecting changes to the
September 18 budget. The two were based on the decisions of the ExCom
from its September 18 meeting, while taking into account an assessment
of revenue in the current environment and essential expenditures to
position the organization for the future. After considerable discussion,
the ExCom budget was passed.
Motion: a motion was seconded and approved to pass Budget Scenario 1 (see
Motion: a motion was seconded and approved that before the budget is
presented to the board for approval, more rigorous assessment of the
membership revenue projections be undertaken and recommendations for
further reductions in operational costs be provided.
3. Executive Session.
Adjourn at 9:25 p.m.
Sarah J. Alger