The meeting was called to order at 7:30 pm, outgoing Commodore Prochaska called the meeting to order to finish old business before Secretary Birmingham administered the oath of office to the incoming 2008 board members.

Secretary: Birmingham called the roll with all 2007 Board members present, and Commodore Prochaska requested board reports to finish old business

Membership’s Report: Bob Inglima, reported he expected two people to be introduced before the membership at the general meeting and 3 to be reintroduced for membership

Social’s Report: No report

Planning’s Report: No report

Treasurer’s Report: Charlie Guarino, reported Gross Revenues for the month of December, 2007 to be $65,722, Expenses to be $90,831 , thereby, resulting in a monthly loss of $25,109. We had a yearly loss of $7,396. Charlie attributed the loss to the expenses for the travel lift and a change in revenue from new members. Six members received certified letters for nonpayment resulting in two paying. The following members have account balances: George Deboben, $188.87, Edward Cozzi, $379.08, and Vincent Pinzone, $616.23. The L.S.B.C. bylaws provide for the seizure of their vessels pending payment and further action to be taken by the board

Secretary’s Report: No report

Docks and Grounds’ Report: Karl Nelson , reported that there are two acme days planned, one January 26^th, and one February 2^nd, 2008.

Vice Commodore’s Report: No report.

Old business being concluded by the 2007 Board,the meeting was then given to Jim Barker, Jr. who requested that Birmingham swear in the new Board. Taking the oath of office was Jim Barker Jr., Commodore, Kevin O’Riordan, Vice Commodore, Scott M. Dressler, Secretary, Charlie Guarino , Treasurer, Bob Inglima, Membership, Karl Nelson, Docks and Grounds, Charlie Kresge, Social, and Terry Decker, Planning.

Commodore Barker welcomed the 2008 Board members, and thanked the out going board for their service.

Treasurer’s Report: Guarino predicted that in 2008 we will have the largest budget in the history of the club. He requested that we should have a schedule of completion dates for all current and future projects to arrange for payment given that we have funds committed that are in CD’s

Secretary‘s Report: Dressler thanked the membership for his election to the board and reported that he met with the outgoing Secretary and reviewed his responsibilities to the L.S.B.C

Docks and Grounds’ Report: Nelson thanked the departing board for their hard work and welcomed the new members

Membership Report: Inglima thanked the membership for their vote of confidence in his job as membership director and also congratulated the new Board.

Social’s Report: Kresge reported that the acme party is by invitation only and is set for January 19^th, 2008 and encouraged those who were not invited ,to participate in acme in order to be invited next year.

Planning’s Report: Decker stated that there will be a Super bowl party at the club.

Vice Commodore’s Report: O’Riordan stated that he was going to be the co-chair of the charity event with Kresge and will need input from Ben DeCook and Dan Boehmer.

Commodore’s Report: Barker expressed the boards mutual concerns with the membership regarding the budget. He stressed the need for input from the membership at the General meetings and will allow membership input at the Board meetings. The commodore then opened the meeting to the membership for questions. One member asked if it was permissible to work on his dock even though it was not during an acme. Nelson requested to be notified so he could discuss the project and arrange for materials. The Commodore appointed James Dean Birmingham to a Rules and Bylaws Committee. Inglima then requested that the board approve a cell phone for membership business. After quite a bit of discussion, the matter was tabled so that further review could be had concerning costs of prepaid cell phone minutes or other options including reimbursement of expenses that would result in a nominal expense to the club. A motion was made to adjourn. The motion was carried.