HOT SPRINGS VILLAGE CARD CLUB           
                                        Semi Annual Meeting—December 7, 2006

Voting for the election of board members was held by ballot from 10:45 to 1:00 P.M. The results of this election were announced after the meeting.
          President------Ned Irving
          Secretary------Lois Schoenrock
          Membership--Teri La Bove
          Treasurer------Andy Cosby
          Vice President- John Wild
          Game Director-Diana Podawiltz
          Betty Schultz, Purchasing, Vickie Jennings, Player Development and Marilyn
          Biegler, Publicity will be serving the second year of their 2 year term.   

The meeting was called to order by President Irving at 12:36 P.M.

Kathy Harris moved to accept the agenda as presented. Seconded by Dick Banks and passed.

The minutes of the June 8, 2006 Semi Annual Meeting were accepted as written.

REPORTS:
VP/Ed Director, Dick Condon ---The Thomas E. Kasten Memorial Fund was set up. This fund is to benefit those desiring to learn to play bridge that needs financial help. Play and Learn was started in 2006 and a Master Class started with 78 students in it. A summer seminar was held for the first time and 309 students attended these sessions. All the other usual classes were held with a total of 586 1/2 students attending and a net income of $3954. All those helping with these classes were acknowledged.   

Treasurer, Allan Walker---We are $6,600 ahead of 2005 with a net equity of over $40,000. This figure has been helped by the increase in game fees, tournaments which netted $7,000 and the teaching program. If we had not increased game fees in 2005 net equity would trend toward zero by 2008.Pay increases have increased our expense by $6,000 per year, in part necessitated by the 10-01-06 change in Arkansas law and the rent goes up each year. To keep or build our net equity we will need to raise either the game fees or the membership dues.

Membership, Teri La Bove---We presently have 730 members, 90 of which are new in 2006. Eleven new members have already signed up for 2007.             

Publicity, Marilyn Biegler---Since the Voice no longer will print our game results, all special events are listed in the current events. The Spring Tournament will be March 30, 31 and April 1. Marilyn will chair the event with the help of Dick Condon.

Player Development, Vickie Jennings---She represents the under 299 strata and wanted to make sure all these players knew that if they had concerns she would take them to the board.

A motion was made by Celinda Devish, chair of the Constitution and Bylaws Committee,  to suspend the rule which requires taking individual action on each recommended change of the Constitution and Bylaws Report, allowing the membership to vote only once on the entirety of the Report. Seconded by Andy Cosby and passed by unanimous vote.

Ned read each of the changes along with the rationale and asked for comments or questions. Celinda Devish moved that all changes presented by the Constitution and Bylaws Committee be accepted as posted. Seconded by Vonna Fisher and passed by unanimous vote.

The meeting was adjourned at 1:08 P.M.

Submitted by:

Lois Schoenrock, Secretary        Subject to Board Approval

Attached: Report by Constitution and Bylaws Committee