MACA Board
Meeting Minutes
March 12, 2001
The
meeting was called to order at 7:45 p.m. by President Harvey Reed at the
Kennedy Senior Center. Attending were
Harvey Reed, Mark Kaprielian, Robert Messenger, William Gennert, Robert King
and Peter Lee. Anthony Gavelis, MACA
member and Board candidate, was also present.
Board member Steven Frymer joined the meeting at 7:54 p.m.
Motion
0157: (Messenger moved, Kaprielian
seconded) The motion to accept the
minutes for the Board meeting on February 12, 2001 was passed without dissent.
Treasurer
Robert Messenger presented several reports that defined MACA’s financial
condition as of February 28, 2001 in detail.
These included 1) General Fund Income Statement, which showed a $1,782.
profit, thanks to a $1,414. transfer from the Capital Equipment Fund; it also included an expense of $1,402. for
publishing Chess Horizons magazine in February, 2) Special Funds Income
Statement, listing the experience of Living Memorial Chess Fund, Life
Membership Fund, etc., with a net loss of $310., 3) Statement of Changes in
Fund Balances, showing the seven funds as having a total balance of
$46,525.,
and 4) Balance Sheet that listed total assets of $75,059. and liabilities of
$28,533.
Motion
0158: (Kaprielian moved, Lee
seconded) The motion that the Board
commend Robert Messenger for his good work in preparing the reports on MACA’s
finances since his appointment as Treasurer was passed without dissent.
The
Clerk read the corporate resolution form for establishing MACA’s account at the
Citizens Bank in Nashua, New Hampshire.
The resolution was then signed and sealed by the Clerk.
Motion 0159:
(Gennert
moved, Frymer seconded) The motion to
approve the resolution for Citizens Bank of New Hampshire, with Treasurer
Robert Messenger and Vice President Mark Kaprielian as signatories, was passed
without dissent.
The
corporate resolution form for the A.G. Edwards, Inc. brokerage firm to give
Treasurer Robert Messenger the check-writing authority and other privileges
regarding MACA’s money market fund was also read by the Clerk. He then signed and sealed this form..
Motion
0160: (Kaprielian moved, Frymer
seconded) The motion to approve the
resolution for A.G. Edwards, Inc., with Treasurer Robert Messenger to have
check-writing authority, was passed without dissent.
Copies
of the originals of both resolutions are on file and may be reviewed by
interested members.
Motion
0161: (Lee moved, Gennert
seconded) The motion that an Investment
Committee be appointed to review MACA’s current investments, to be chaired by
the Treasurer, was passed without dissent.
The Treasurer was authorized to create the committee and appoint its
members. The committee is expected to
complete its informational report for the Board meeting on April 9 and to make
recommendations at the meeting on May 14, the draft to be submitted with the
meeting agenda.
In
his membership report Mark Kaprielian submitted two reports, generated by the
MACA data base, as of March 11, 2001.
One showed the membership categories as Adult (377), Junior (272) and
Life (203) for a total of 852 members.
The second report provided more detailed information, such as Chess
Horizons subscribers, e-mail availability and complimentary subscriptions. There was some discussion of how to remind members that their memberships
were expiring, but no decision was reached.
Tournament
Coordinator Steven Frymer talked about the Mass. Open tournament that will be
held at the Radisson Hotel in Marlborough on May 26-28. All indications are that the prize fund will
be smaller than last year. Steve also
mentioned that MACA’s annual meeting is scheduled for May 27 at 3:00 p.m.
Motion
0162: (Frymer moved, Messenger
seconded) The motion that the Board
accept the Radisson Hotel’s proposal that MACA have its Mass. Open tournament
there, with the Treasurer authorized to be the signatory on the contract, was
passed without dissent.
Because
of previous problems with inadequate lighting at the Radisson Hotel, Steven
Frymer had obtained information about possibly buying “goosenecks”, lighting
extensions that would improve the situation.
Motion
0163:(Frymer
moved, Messenger seconded) The motion
that MACA purchase up to twenty (20) light extensions (goosenecks) at a maximum
cost of $20. each was defeated, with 3 in favor (Reed, Frymer, Messenger) and 4
against (Kaprielian, King, Lee, Gennert).
The
site for the Greater Boston Open tournament has not been established, and Steve
Frymer would welcome any suggestions.
Anthony
Gavelis talked about recent Scholastics developments. Financial reports were provided by the Treasurer for the
Scholastic Qualifier I and II tournaments, as well as the Singles Finals and
Gus Gosselin Grade Championship. The
donations from Au Bon Pain, Tim Oliveri and Carol Locke were acknowledged.
The
proposed report from the Budget Committee (Steven Frymer, Robert Messenger and
Peter Lee) was presented by Steve. The
estimates for the period through July, 2001 showed $41,700. in total income and
expenses of $50,415. A transfer from
the Capital Equipment Fund and a loan from the Life Membership Fund resulted in
a net income of $4,285.
No
expense was budgeted for MACA’s liability insurance policy which is not being
renewed. Motion 0164: (Kaprielian moved, Messenger
seconded) The motion to adopt the
recommendations of the Budget Committee as the MACA budget was passed without
dissent.
In
regard to the coming election Mark Kaprielian reported that no candidates’
statements had been received. The draft
copy of the ballot, prepared by Michael Hoffpauir, was reviewed by the Board
and some changes made.
Several
Board members had made suggestions for changing the number of Directors on the
MACA Board. Mark Kaprielian’s comments
at the meeting related the proposals to the total membership, as determined by
the data base.
Motion
0165: (Messenger moved, Kaprielian
seconded) The motion to accept the Data
Base Processor’s report that the number of MACA Directors sshould be eight (8)
for the 2001-2 election was passed without dissent.
Peter
Lee reported on the details of MACA’s acceptance of credit card payments. The charges for this service would include a
$100. cost for the machine, 2.35% plus 25 cents for each transaction (non-swipe
rate) and a monthly statement fee of $7.50.
Visa, MasterCard and Discover cards would be accepted.
Motion
0166: (Lee moved, Kaprielian
seconded) The Board accepted the credit
card proposal, as outlined by Peter Lee, with 6 in favor (Reed, Kaprielian,
Messenger, Gennert, King, Lee) and 1 abstaining (Frymer).
The
meeting was adjourned at 10:45 p.m. The
next Board meeting is scheduled for Monday, April 9, at the Kennedy Center in
Natick.
William R. Gennert
Clerk