mossaidis
New member
"PRESIDENT’S REPORT
President Jeff Dahnert gave a brief overview of the staff’s current and upcoming projects. The Insurance Committee for 2012 was chaired by Dan Helman, (Houston Region) and included members: Ed Locke (Chicago Region) , Michael Smith (San Francisco Region) and John Zuccarelli (Florida Region), as well as staff member, Richard Ehret, VP Finance, and Michael Lewis, Treasurer, providing oversight and guidance. This combined effort proved to be a successful model and will be used on future projects specifically an IT Committee."
"FINANCE REPORT
Ehret gave an update on year to date financial reports and forecast for 2012 which is on target per the budget. On behalf of the Insurance Committee, Ehret presented the rates for 2013 with an approximate 20-25% reduction across the board. The rates are decreasing but the participation pool has also decreased. The new rate sheet will be distributed to Regions by December 14.
Discussion followed regarding insurance allocations across programs and across subsidiaries. The carrier’s analysis of loss ratios has resulted in the savings. Lewis commended Ehret for his efforts in pursuing the reduction in insurance rates.
MOTION: To approve the Insurance rate plan as presented. Butler/Lybarger. PASSED unanimously.
BOARD STATEMENT: The Board of Directors extends its appreciation for the excellent work on the insurance program and thanks the committee members for their time, energy and efforts in securing a comprehensive plan with significant savings.
Lewis presented the proposed 2013 budget. The 2013 budget shows the full implementation of the Majors program and staff resource requirements to support the program. Aside from the Majors component, the budget is very similar to the 2012 operating budget. The 2013 budget delivers the insurance program savings with reduced rates to the Regions; however, there are some slight increases in sanction fees. Sanction fees for Club Racing have not increased since 2006. The current sanction fee increase is in response to the declining number of events and of inflation.
McCarthy raised discussion about the budgeting process. The Board understands that this is a difficult process as we are very dependent on entries and sponsorship.
MOTION: to approve the budget for 2013 as presented. Lewis/Walsh. PASSED 12-1. Opposed: McCarthy.
Langlotz expressed a desire to track the financial impact of the Majors program on the National Office."
President Jeff Dahnert gave a brief overview of the staff’s current and upcoming projects. The Insurance Committee for 2012 was chaired by Dan Helman, (Houston Region) and included members: Ed Locke (Chicago Region) , Michael Smith (San Francisco Region) and John Zuccarelli (Florida Region), as well as staff member, Richard Ehret, VP Finance, and Michael Lewis, Treasurer, providing oversight and guidance. This combined effort proved to be a successful model and will be used on future projects specifically an IT Committee."
"FINANCE REPORT
Ehret gave an update on year to date financial reports and forecast for 2012 which is on target per the budget. On behalf of the Insurance Committee, Ehret presented the rates for 2013 with an approximate 20-25% reduction across the board. The rates are decreasing but the participation pool has also decreased. The new rate sheet will be distributed to Regions by December 14.
Discussion followed regarding insurance allocations across programs and across subsidiaries. The carrier’s analysis of loss ratios has resulted in the savings. Lewis commended Ehret for his efforts in pursuing the reduction in insurance rates.
MOTION: To approve the Insurance rate plan as presented. Butler/Lybarger. PASSED unanimously.
BOARD STATEMENT: The Board of Directors extends its appreciation for the excellent work on the insurance program and thanks the committee members for their time, energy and efforts in securing a comprehensive plan with significant savings.
Lewis presented the proposed 2013 budget. The 2013 budget shows the full implementation of the Majors program and staff resource requirements to support the program. Aside from the Majors component, the budget is very similar to the 2012 operating budget. The 2013 budget delivers the insurance program savings with reduced rates to the Regions; however, there are some slight increases in sanction fees. Sanction fees for Club Racing have not increased since 2006. The current sanction fee increase is in response to the declining number of events and of inflation.
McCarthy raised discussion about the budgeting process. The Board understands that this is a difficult process as we are very dependent on entries and sponsorship.
MOTION: to approve the budget for 2013 as presented. Lewis/Walsh. PASSED 12-1. Opposed: McCarthy.
Langlotz expressed a desire to track the financial impact of the Majors program on the National Office."
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