Dear Members:

Following our Board meeting of January 25, 2005, I wanted to give you a summary of the meeting. Laura Lengowski maintains the actual minutes, which can be provided on request.

As you may know from our website, following written solicitation prior to the Annual Meeting and a call for nominations from the floor, the published slate of officers was elected without opposition. Jason Rife, Equipment Manager, Laura Lengowski, Secretary, Hank Holswade, Vice President, and Paul Georgiadis, President.

VBC Treasury:
Treasurer Larry Murtaugh prepared and the Board approved a 2005 budget that is slightly more conservative that the 2004 budget.

Audit Committee:
To maintain good business practices, your Board has appointed an audit committee of Shannon Conner and Elizabeth Hendrick to review the VBC's accounts for the past 12 months as against the reported income and expenses. The audit will be completed by 2/28/05 with a report to the Board. Your Board expressed the highest confidence in and appreciation of Treasurer Larry Murtaugh's efforts and expects the audit to find our books and practices in good order.

Rental of Rack Space to Non-Members:
As a number of Downtown rack spaces have opened up with several folks departing for the Robious facility, the Board approved a one-time, limited rental of rack space to 2 flat-water kayakers. They will be non-members and can be evicted on short notice should club needs require their space.

Cheers,
Paul D. Georgiadis
VBC President