Minutes of the Board of Governors Meeting
September 20, 2000

The Treasurer's Year End Report, showing the cash activity in the main checking account for the 1999-2000 season, lists total income of $111,468.22 and total expenses of $114,088.70. Included in the income figure is $16,000 that was withdrawn from the club's investment account to cover expenses. This exceeded the amount budgeted ($4000) for return on investments. However, because the investments did well during the year, the investment account total on 8/25/00 ($99,942.10) was close to the 9/24/99 figure ($101,899.09). The biggest expense for the year was ice rental, and it was not covered by subscription and guest (pick-up) fees. The Mt. Vernon sessions had a 41% loss ($13,185), Reston sessions a 23% loss ($6220), and Cabin John sessions a 14% loss ($3964). The Club no longer holds the sessions which had the biggest losses.

At the request of the Dance Test Chair, the Board voted to transfer $800 into the Dance Test Account to bring the account balance to $1500. The account showed a net loss of $2,935 for the period October 1999 to August 2000, due in part to the cost of bringing in judges for high level tests. The board suggested that the test chair evaluate the number of high level tests at each session and consider paying the guest fees for high level skaters to test with other clubs when that would be more cost effective.

All memberships were due for renewal on September 1, 2000. At the time of the September meeting, membership totaled 363 with 344 home club members.

The board was advised that the opening of the new Wheaton rink will be delayed. Therefore, the board decided to start the Plié Power class after the South Atlantic Regional Competition and to issue refunds to subscribers for the cancelled weeks. The first Family Session had 25-30 skaters. Three pros - Sarah Smith, Sherry Winder Cook and Sharon Jordan - are willing to teach the group lessons. The board reaffirmed the policy of prohibiting private lessons during the group lesson time.

Marina Akbarova (Pestova) and Marat Akbarov have applied to teach on the Family Session. The board will delay a decision until Vera Spinner has had a chance to review their applications.

The Board voted to extend complimentary memberships to Michael Weiss and Derrick Delmore and complimentary social memberships to Carol Ann Peters Duncan and Carl Hoffner.

The club is considering two new awards to celebrate the achievements and contributions of members. Leslie Gianelli has proposed establishing an annual award to recognize volunteer service. Connie Povich is interested in establishing an award at the Junior National level similar to the Bachrach Trophy (which is awarded to the skater earning the most points in national qualifying competition).

The Potomac Ice Theatre has received 501(c) status and organized a yard sale fundraiser. Douglas Mankovich will be the coach and choreographer for the competitive ensemble teams. Auditions were scheduled for September 25 (senior ensemble) and October 2 (Junior ensemble). The skaters are currently rehearsing for First Night Annapolis.