Board Meeting June 2, 2020
The meeting was called to order by president, Scott Woogen at 6:00 p.m.
ROLL CALL: Those present by phone were: Scott Woogen, Greg Trotto, Betsy Brown, Anne McDonald, Wilma Foley, Charles Robbins, Stacey McLenaghan, Randy Jackson, Dee Lineweaver, Jeb Hannum, Darrell Wood and Debbie Warnick. A quorum was declared.
MEETING MINUTES: The minutes from the previous meeting, February 17, 2020, were approved as written.
TREASURER’S REPORT: The treasurer’s report for May 2020 was reviewed and approved as written.
Item 1. Race Meet Purses
Debbie reviewed the funding of our race meet purses as it stands now. At this time, it looks like there will be a shortage of $373,000 to fund the race meet based on the expenses from last year. There was much discussion about how to cover the difference. Some of the possibilities discussed are:
Possibly not have betting available at the meet. The costs associated to operate the betting could be used for purses. Based upon the current restrictions on gatherings, there is the possibility that we would not be allowed to have the crowds in attendance that we usually have. However, by not having betting, the VRC would not be involved in the meet. We would have to make arrangements to conduct testing, hire judges, etc. These costs would have to be covered by the VEA.
Lower the number of races per day. Lower the purse amounts. Cancel the added Sunday day of racing for a total of ten days.
Request financial assistance with the purses from the VEA.
It was agreed that we will do some cost analysis of the different options and discuss again at the next meeting in two weeks.
As there was no further business to be discussed, Scott Woogen adjourned the meeting at 7:00 p.m.