San Francisco Region, Sports Car Club of America
Minutes of Annual Meeting
November 22, 1997

The meeting was held at the Hilton Hotel, Sunnyvale, Calif. The meeting was called to order by R.E. Gary Pitts at 2:05 pm. Minutes of the 1996 Annual Meeting were read by Secretary Sal Versaggi. Gary Pitts made a motion to approve the minutes. Carried.

R.E. Gary Pitts gave a region report: 1997 Events: Death of Derek Israel at PCRRC. Gary asked for a moment of silence for Derek and other members of our racing community that are no longer with us.

We are in a better than break even financial status

Completion of the third mile at Thunderhill Raceway Park Gary thanked David Vodden and Tom McCarthy for their incredible efforts.

Treasurer's report was given by Kevin Jenkins. Items that were discussed and reviewed were the Balance Sheet and the Profit and Loss Statement. We have incurred additional expenses of approx $57,000. ($35,000 rental of Laguna Seca) coupled with the loss of Spec Racer Renault, approx $27,000.

Thunderhill Properties President Tom McCarthy commented on the 10th year of our track effort, the new track addition and that every goal for the project has been meet. Thunderhill Raceway Park is our clubs best achievement.

Region CPA John Beckwith also discussed the Financial Statement and Balace Sheet. His comments included additional race income, some increased income from popular street schools at Thunderhill. Merchandise sales of apparel, gasoline and food have increased approx $30,000, as profits are up approx $17,000. Operating expenses have increased approx $25,000, largely due to the fact that we have run more events in 1997. Our Statement of cash flow and Net Property Values have also increased.

Dave Vodden gave us our Thunderhill Activity Report. Today we have a "Finished Look" to our track.

1998 Board of Directors were introduced: Gary Pitts returns as R.E. Ian Cook was appointed Secretary, Steve Archer was appointed Competition Director, Kevin Jenkins returns as Treasurer, Sal Versaggi assumed duties as Asst. R.E. Tom McCarthy and Clint DeWitt will assist Steve Archer as Competition Director. Pete Wagner did not seek re-election.

Items discussed by the Board. Two members, Luis and Alfredo Aguayo, had their membership suspended. This suspension has been lifted. PCRRC Contingency Chief Ian Cook spoke of the dificulties SFR members were having reguarding the Simpson "Buck" Awards. Simpson is not returning phone calls. Letters to them may be our next action.

Board business concluded, the meeting was turned over to a Question and Answer session.

Items discussed by various members in attendance:
Financial Compulation-Review vs a Major audit
Comparing 1996 vs 1997, still only a 9 month review
1996 Surcharge handling
Increased Solo II expenses
SoloII Site Fund as an asset
Quarterly Reports published in The Wheel instead of Sprint Race verbage
Financial Reporting was a major concern of those present
Sprint races are to continue in 1998
Drivers don't like any schedule changes
Timing ands Scoring Chiefs Bill and Patty Dwyer has resigned. How do we replace them?
In order to keep close to clock time during our race weekends, don't "stop the clock" during track sessions
Pro Event scheduling. Ian Cook to be on negioating committee for "Worker Hours"
Continual shuffling of race run groups
Annual Registration of workers and pre registration for pro events
Showroom Stock Cars ala quiet cars at Laguna Seca. New Showroom Stock exhaust rules.

The meeting was adjourned at 3:35

Respectfully submitted

Copyright © 1996-2006  San Francisco Region, SCCA