November 20, 2004

Radisson Hotel, Sunnyvale

¢ Call to Order 8 a.m. -- Gordy

Attendees: Board of Directors
R J Gordy - Regional Executive
David Allen - Director
David Harriman - Director
Barbara McClellan - Secretary
Bryan Nemy - Incoming Director
Peter Nosler - Treasurer
Michael Smith - Director
Blake Tatum - Director

Guests
Bruce Goronsky - Vintage Chief
Sherry Grantz - SFR Manager
David Vodden - Properties, Consultant

¢ Visitors' Reports

¢ Vintage Update -- Goronsky
Good time by most although will need to deal with sound issues next year. Full report will be given at Jan. meeting. 2005 will be a start over year with plans to change run groups.

¢ Solo II Update -- Nemy
Five of the seven event Slush series have been completed. Approximately 200 participants at each event. The two remaining will be held at Monster Park. Crows Landing may be opening up for 2005.

¢ Rally Update -- Grantz
Events completed for the year. List of 2005 dates have been given to TH. Action: Grantz, Smith, and Vodden to meet and finalize. Will be sponsoring a Gimmick Rally in Dec.

¢ Concours Update -- Gordy
Palo Alto event resulted in $74,000 being donated to charity--most determined by Palo Alto Lions Club. 2005 dates not yet available.

¢ Competition Director Update -- From Meeting Held Nov. 19.

All BoD present plus Archer and Vodden with goal to finalize 2005 schedule. The 6/11-12 Regional date at TH conflicts with OR Region Rose Cup, which was set by CHAMP Car after our planned date. Can we move to the following weekend to avoid this conflict? AFM, a good TH customer, has that date and they are unable to reschedule because of ancillary dates reserved as test days at TH. If SFR were to take that date, TH would lose approximately $40,000. BoD does not want to penalize TH. Tatum asked about dropping the June date completely, giving the drivers and workers a break. Per Archer, this would cost SFR approximately $15,000 and would result in a 7 week break in Regional racing. BoD decision is to keep June schedule as it. Vintage Test day resulted in many sound issues. BoD thinks we should return that day to LS and plan on SCCA Tech and Registration in the Turn 5 snail line up outside the gate prior to the time we can enter the paddock.

¢ National BoD Update -- Pitts via Gordy
Nothing new to report.

¢ Thunderhill Report -- Vodden
Properties BoD Meeting held Nov. 19, 2004 where most issues were discussed. Gordy asked about an annual TH track pass/release (from 2003 Annual Meeting minutes). Action: Vodden to follow up. Smith brought to the BoD the application for beer and wine license at TH, which will generate revenue for TH. State requires officers of both Properties and SFR to sign the application. McClellan states this should have been discussed at the Properties meeting the previous evening. She is concerned about potential liability to Properties, SFR and individuals on the application and is unwilling to sign the application; resignation as Secretary of SFR was offered and accepted. For purpose of the application, Gordy appointed Smith Secretary. BoD believes that TH should agree to sell these beverages only during catered events and after checkered flag, regardless of the sanctioning body. Vodden agreed to these conditions.

¢ Recycling Champions Report -- Vodden
Five months remain on the grant. During that time, plans to include banners and every possible reference to this sponsorship at the January banquet, the March Drivers School, and the three races in 2005 that occur before the grant ends. Plan for a banner at the NorPac Convention and will execute an event at California Speedway in Jan. that will complete So. Calif. obligations to the grant program.

¢ Region Report -- Vodden
Cautions the Club that there is some probability that entries will drop off due to the cost of racing, the cost of highway fuel, and the re-emergence of NASA as a player in the Spec Miata field and as a result of their implementation of new, more appealing classes of racing.

¢ Region Administrators Report -- Grantz
Region business involved the elections and working on the Supps. Has worked extensively with Pilar Miranda to restructure volunteer recruiter position since Paul Morel is no longer available. Both making calls to new members/volunteers. Moscone Car Show organization is high on the list at this time. Coordinating efforts of the Rally team to get a general idea of plans for the 2005 season.

¢ Secretary's Report -- McClellan
Motion (Smith/Allen): To approve minutes from 10/23/04 BoD Meeting.
Passed--Unanimous

¢ Treasurer's Report -- Nosler
Profit and Loss Statement (Year to Date) through Oct. 31, 2004

1. Club Administration

Income (dues, etc.) $ 91,827
Expenses (payroll, overhead, etc.) (147,276)
Total $( 55,449) $(55,449)

2. Road Racing
a. 20 Event Income - Net
Drivers School $ 4,861
Double Natl. TH 18,259
Regl. Opener Inf. 14,089
Regl. 2, TH 9,856
Regl. 3, LS 18,855
Regl. (Dbl.) LS 50,970
Regl. (Dbl.) TH 26,909
Regl./Natl. LS 34,030
Regl. 4 Inf. 20,808
Regl. 5 TH 4,923
Regl. 6 TH 4,883
Vintage, LS 8,957
R & T Inv. LS 34,933
Wine Country Historics 11,287
NASCAR, Inf. 14,108
ALMS, Inf. 11,855
Monterey Historics 17,577
CART, LS 29,585
ALMS, LS 46,014
Total $382,014

b. General Racing
Income
(novice permits, transponders) $ 5,903
Expenses (113,735)
($107,832)

Road Racing Total $ 274,927 $274,927

3. General Income and Expenses
Income: Thunderhill dividend $50,000
Oil Recycling Program 74,897
Rally Cross 2,084
$126,981

Expenses: The Wheel ($52,436)
Banquet (13,068)
($65,504)

General Total $61,477 $61,477

Total Yearly Profit through 10/31/04 $280,955

Adjustments to Actual:
Thunderhill dividend ($50,000)
ORC paid ahead of schedule ($43,983)
Est. Vintage Additional Expenses (9,226)
Total Adjustments ($103,209)

Adjusted Income $177,746

Motion (Smith/Tatum): To approve Treasurers Report as of October 31, 2004. Passed--Unanimous. Smith distributed a draft of the 2005 SFR Budget Process. To be discussed in depth at Dec. meeting.

¢ Old Business

¢ 2004 Election -- All
Bruce Brunner, Ballot Supervisor, prepared results of annual election
for RE and BoD. Thanks was given to all who assisted in the vote count.

RE RJ Gordy 838
No Votes 203
BoD Peter Nosler 666
David Allen 520
Bryan Nemy 440
Morris Hamm 357
Glenn Stasky 300
Tony Jimenez 195
No Votes 645

Gordy reelected RE. Nosler, Allen, Nemy elected BoD.

¢ 2005 NorPac Update -- Gordy
Urged all BoD members to attend. Nosler to chair the 2006 meeting which will be hosted by SFR. McClellan volunteered to assist.

¢ Western States Championship/Enduro Recap -- All
Delayed until Dec. meeting.

¢ Moscone Car Show -- Gordy
Opens tomorrow. Display is 2/3 of space of last year. Has many high end cars in the area. Great volunteer efforts by the Coturris, Grantz, and others. Will need to follow up with those who express interest in SFR SCCA. Invite to Feb. All Club Training.

¢ Double National Reno Agreement -- Gordy
Gordy has presented to Dave DeBorde, Reno RE. He saw no red flags. To be finalized at Reno meeting. Final contract will be in Jan. minutes.

¢ 1992 - 2004 Schedule Comparison -- Smith
Delayed until Dec. meeting.

¢ Volunteer Response Position -- Smith
Delayed until Dec. meeting.

¢ Surveys for Drivers/Volunteers -- Smith
Delayed until Dec. meeting.

¢ New Business

¢ All Club Training Day -- Gordy/McClellan
To be held at Infineon Feb. 12. McClellan will coordinate with chiefs. Registration will open at 8 AM. Sessions will start at 9 AM. Lunch will be served. Infineon has given us the date, use of the garages, and Drivers Lounge free of charge. Harriman to coordinate the CPR course.

¢ Worker Incentives -- McClellan
In July, BoD agreed that Race Officials who work 51% of the events will receive National and Regional dues paid by SFR; those working 70% will be considered Dedicated Workers. Information which John and Dorothy Brookman distributed to chiefs counted Regional events with all Pro dates being bonus points. This was not what the BoD wanted since, hypothetically, a worker could get dues paid working only Pro events. Motion (Nosler/Smith): Move to support the program as stated even though this was not what the BoD intended. Passed--Unanimous. Action: BoD to set policy at Dec. meeting. McClellan will inform the Brookmans of the decision.

¢ 2005 Board Liaisons -- All
Delayed until Dec. meeting.

¢ New Chiefs -- All
Delayed until Dec. meeting.

¢ 2005 Supps -- All
Extensive discussion on the draft Supps. Action: Grantz to incorporate all changes and forward to Archer for review. Goal is to have a near final draft available for review at the Dec. BoD meeting.

¢ Liaison Reports -- All

¢ Paddock Marshal -- Allen
Still looking for a new chief.

¢ Sound -- Allen
Still looking for a new chief.

¢ RDC -- Allen
Commented that RDC thinks SFR has been unfair to some run groups. No time to discuss further.

¢ Tech -- Gordy
Scales need to be replaced. New chief to recommend fix.

¢ Executive Session (provided under separate cover)

¢ Correspondence
George Ott had sent a letter to the BoD concerning proposed National rules for gasoline. Action: SFR via Bob Corbitt to be in contact with National to help resolve. To be discussed at next month's meeting and at Reno.

¢ Remarks for the Good of the Order

¢ Adjournment
Motion (Harriman): To adjourn meeting at 11:54 PM. Passed--Unanimous.
Next meeting scheduled for Saturday, Dec. 18 at 9:00 AM at Mike Smith's Office, Saratoga

Respectfully Submitted,
Barbara McClellan, Secretary