3.2.       Reports from the District Chiefs:

 Brian Thomson (Rep Eastern) – Due to the resignation of Bruce Rand (District Chief) they will be actively looking for a volunteer for the position. Otherwise, there has been good racing, with several new boat handicaps set.

Brian Veale (Golden Horseshoe) – They had 2 meetings, at which they set 6 new class handicaps and had one protest. Otherwise, it has been relatively quiet.

Steve Corona – rep (Rochester)   - reported Larry Sill had nothing to report.

Andrews Hooker (South Shore) – They had a couple of meetings and set a few new handicaps. Particularly interested in “What to do with cheaters”.

Jamie Dike (Toronto East) – Actively working on getting a Georgian Bay Lake Simcoe region started.

John Crawley (Toronto West) – They had one meeting where they set 12 new class handicaps utilizing the Polars to assist in assigning the handicap number. 

Motion to accept reports as presented. M/S Bill Crandall/Brian Veale. Carried. 

4.       2008 Slate of Officers

            President – John Fahy

            Vice President – Ian McKimmie

            Secretary Treasurer – Andrew Sensicle

            Chief Handicapper – Brian Thomson

            Assistant Chief Handicappers – Bob Porter and Adam Farkas

5.       Business:

5.1.       2007 Financial Review – Andrew Sensicle reported that there is an additional $1000 in revenue due to the interest earned on the GIC investments, with a excess of income over expense of $6,697.
Motion to accept 2007 Financial Review M/S Andrew Sensicle/Andrews Hooker. Carried
Andrews Hooker complimented the board on the financial condition of the organization.

·        2008 Budget Proposal & Membership fee review – Andrew Sensicle reviewed the changes being proposed in the 2008 Budget. They included the following:
- Remove Club Dues portion of annual dues ($75 Cdn/$65 US)
- Increase US Certificate fee to equal Canadian fee
- Introduce Race results certificate credit. The certificate fee will increase to $25 however, for those clubs who submit race results, a $5/certificate credit will be applied to there yearly dues resulting in no change to their certificate fee.

- Increase the minimum number of certificates to 7

- Discontinuation of Visa payment option
- Provide trophy for LYRA PHRF divisions $500 maximum.