The meeting was called to order at 12:00 p.m. by President Tim Scheer
Other Board Members Present: CFI Ryan Story, Treasurer Randy Stannard, Vice-President Rick Treiber, and Secretary Karo Stigler
Members Present: Don Nelson, Terry Koehn, Brett Lenz, Mike Mango, Sharon Lust, Jim Beeghly, Al Kriegel, Al Schmidt, and Mark Eads. All other members were present by proxy.
NOTE: IT APPEARS THAT WITH THE PROXIES HELD AND THOSE PERSONALLY PRESENT, WE HAVE A QUORUM; THEREFORE, THE STOCKHOLDERS’ MEETING MAY GO FORWARD.
The minutes of the October 18, 2015 stockholders’ meeting were read by Karo Stigler. Randy Stannard moved with second by Jim Beeghly that the minutes be approved as read. Vote taken; Motion carried.
OLD AND NEW BUSINESS:
1. Treasurer’s Report: Randy Stannard and Terry Koehn reported on the status of our treasury. The total airplane flying hours for the year just concluded are: Chief-80 hours; 180-76 hours; Skyhawk-75 hours; 478-208 hours; 157-63 hours; Arrow-81 hours; and Ercoupe-105 hours. Several of these planes were down for extended periods of time. Thirty-eight members took advantage of the $1,000 incentive. (See Year-End Report attached.)
2. Election of Board of Directors: Up for re-election this term are Rick Treiber, Randy Stannard, Jerry Smithey, and Karo Stigler, who all announced they wished to stay on the Board. There being no others who indicated they wanted to run for a Board position, and no nominations of others were made, Jim Beeghly moved with second by Ryan Story to accept the candidates by acclimation. Vote taken; Motion carried. The four Board members re-elected for the next term are: Rick Treiber, Randy Stannard, Jerry Smithey, and Karo Stigler. Election of officers on the Board of Directors will be held at the first Board meeting following the Stockholders’ Meeting: October 26, 2016. Tim Scheer, Chris Lenz, and Ryan Story will be up for re-election next year.
Rick Treiber moved with second by Randy Stannard that the meeting be adjourned. Vote taken; Motion carried. Meeting adjourned at 12:23 p.m.
GREEN CASTLE AERO CLUB LTD.
YEAR-END OPERATION REPORT SYNOPSIS
Sept 30, 2015 to October 1, 2016
Aircraft Rental $68,166
Hangar Rent 10,140
Member Dues 28,213
Misc Income 1,570
Membership fee 3,600
Nelson Fund 12,045
Airport rent $15,000
Aviation fuel 20,985
Auto fuel 7,174
Overhauls and repairs 22,300
Loan Interest paid 6,483
5% incentive 1,900
Gas reimbursement 1,493
Seven plane annuals 12,197
Office expense 3,022
Zero turn mower 5,512