We have scheduled a meeting with Kevin Millonzi to discuss food service and specific themes in the food survey.  We will have a report about this meeting during the Shareholders Annual meeting and provide more information in the next newsletter.

The Annual Shareholder Meeting on the 27th of October will require two thirds of our Shareholders to be present or provide proxies in order vote on the proposed By-law revision and board slate. The email notification of the meeting was sent to all shareholders on Thursday.  Please contact me at secretary@galileebeachclub.com, if you have not yet receive your notification and the attachments.  There is a proxy form with instructions included for your use. Please make sure to return it should you not be able to attend the meeting. 

September member statements were mailed this past week.  The Board of Directors thanks you for adhering to the club's payment policy this past season as this allows us to meet our vendor, banking, and employee obligations on a timely basis.  With any luck, this will be the final month that we will be relying solely on the mailing of member statements.  A new on-line feature has been added that will allow members to not only view and print your current month's statement but will give you access to

the most recent twelve (12) months of activity; allow you to send a text message about any questionable transactions; provide live, up to date remaining food minimum amounts; display totals for all types of activity (tax, tip, guest fees, etc.); and will provide the viewing of all transaction slips. Exciting times...

Together with the annual meeting notice, the Board of Directors sent to its Shareholders the proposed 2014 Budget (with related assumptions).  We are pleased to announce that due to strong fiscal oversight this past season, the proposed Budget only calls for a 1% increase in dues and fees for the 2014 season.  Please review this important document and do feel free to contact me at Treasurer@galileebeachclub.com  with any questions.

An inventory of our fixed assets is planned during the month of October to verify the accuracy of our property records.

The land survey of our property boundaries was conducted the week of October 7th to evaluate the merger issue and to understand the future potential for expansion/improvements on the club's properties.

• Agenda was finalized for the strategic planning session.
• The current year financials are on target to make budget and collections are on track.  
• We are still waiting for insurance company reimbursements for a couple of items.  Once those are received, the remaining Dugout projects will be scheduled and completed.
• Passed the motion from the Finance Committee that, despite the increase in valuation of the club's assets, the share prices should remain the same for the coming year.  This motion will be presented at the annual meeting.
• The final by-law changes were approved and will be forwarded to the attorney for review.  The by-laws will be presented for vote at the annual meeting.  The by-laws will be sent out in advance of the meeting with an index and explanation of the proposed changes.
• The Buildings and Grounds budget includes the cost of a new dining room rug. The new rug will be commercial grade and an appropriate color to withstand heavy dining room traffic. 
• Chris O'Brien will work on the Functions and Marketing Committee helping with the marketing and doing some function market research.  
• Training for the club's web-based calendar and online billing will be held during October. 
• Property Survey results are expected shortly.
• Stock Re-purchase and Re-Sale Plan has been further updated to include the process to request the purchase or sale of a share.  
• Adjusting the food minimum to include the tax and tip portion was discussed as this appeared to cause confusion on the current year bills.  It was determined that the upfront minimum payment would remain unchanged.
• Budget was revised from last meeting's discussion, and the membership fee increase has been lowered from the originally calculated 6% down to 1%. The budget was then passed by the board and will be presented at the annual meeting.