Special Board Meeting Approved 01/03/02

December 20, 2001

Present: Chesarek, Koch, Bond, Anthony, Gemmer, Olsen, Brooks, French, Fell, Varady, Capozzo, Sottana

Excused: Forristall

Directors Elect: Bardizbanian, LaVrar

Guest: Les Singer, Advisor to the Board

Topic: 2002 Operational & C.I.F. Budgets

The meeting commenced at 6:30 p.m.

2002 Capital Improvement Fund (C.I.F.)

The Board questioned selected line items and would like a short explanation of why they were requested by the committees. Capozzo will fax the explanations to each Director by Monday, December 24, 2001.
After a lengthy discussion, Fell motioned to defer approving the 2002 C.I.F. budget until the Board of Directors feel comfortable with the explanation of the selected line items. Brooks seconded.
Fell amended the motion to include that they vote on the 2002 C.I.F. at the January 3, 2002 Board meeting. Brooks seconded. The motion carried 9-1.

2002 Operational Budget
The Board discussed the information provided from the finance committee at length.
Varady motioned to increase dues at a cost of living to match the current San Francisco Consumer Price Index. Anthony seconded. The motioned failed (yes-3 / no-7).
Anthony motioned to approve the 2002 Operational Budget as presented. Brooks seconded. The motion carried. (yes-7 / no-3).
The operational dues will increase by $15.00 a month in the amount of $281.00 per membership per month commencing January 2002.

Tennis Class of Membership
The Board reviewed the recommended by-law article on "other tennis memberships." This article will be included in the Club's by-laws upon approval from the general membership. Varady motioned to approve the 2.1.2(b) "other member tennis" as presented to be sent out to vote by ballot in March 2002 for membership approval. Gemmer seconded. Varady amended that the word "may" be changed to "shall" in the first sentence of by-law 2.1.2(b). Gemmer seconded. The motion carried unanimously.

Transfer of a membership to Son or Daughter
Tabled.

The meeting adjourned at 9:20 p.m.

Respectfully Submitted, Jeff Olsen, Secretary