HomeMy Public PortalAbout160_011_fottminutes81513 Friends of the Tybee Theater
Regular Board Meeting
August 15, 2013
Present: Jim Kluttz, Maria Lancaster, Sloan Knudson, Paul Devivo,Jerry Onyskiw, Greg Stoffler, Melissa Turner and Bill
Blakey
Absent: Jay Burke, Carrie Efrid,Jenny Orr, Richard Adams, Paul Gilker, Alfie Waite, Dick Smith, Sarah Jones, Keith Gay
and Jan Fox (Council liaison)
Call to Order: Jim Kluttz called the meeting to order at 5:05 pm.
Committee Reports:
Finance: Jim distributed the July 31, 2013 balance sheet and income statements for the one and seven months then
ended. Cash was$84,000, down approximately$10,000 from May reflecting mostly principal and interest associated
with the mortgage as well as contract labor and insurance expense. We still owe our building contractor (Pioneer
Construction) about$10,000. We are also still waiting for a bill from Marlin Monroe's for the Wine Festival.
Event and Activities Recap:
Tybee Yard Sale: There are plans for a Tybee-wide Yard Sale on October 19th. Melissa Turner will coordinate this. Fish
Art Gallery(Douglas Jones) and FOTT are coordinating this event. We should use the remaining silent auction items in
addition to the yard sale items we procure for this event.
FOTT Office: We will be moving the office from TVR to next door where Keith Gay has made available some space for
us.
Staffing: We are still looking at options for our staffing needs. We need a balance between clerical and professional
capabilities as that is how our needs play out. Finding the right person at the right price continues to be difficult. Kristin
Boylston (who we previously have spoken with about fund raising) is simply too expensive for us on other than a specific
issue basis.
2014 City of Tybee Funding: We will be receiving$7,500 from the city in the current fiscal year.
Long Term Funding: We filed an application with the Georgia Small Business Credit Initiative for a long term loan. There
is no requirement that we borrow the funds but it does give us potential access to a source when we come to the time it
might be needed. The amount is$250,000 over 15 years with a low interest rate. There's no guarantee we will qualify
for this loan.
Theater seating: We have 300 historical theater seats from the Trustee's Theater reserved for us and more can be
available. They are in good shape and are $15.00 each. Our current seats are not true theater seats. We should be
able to sell what we have to recover what we spent on them.
Fund Raising: We need to become aggressive on fund raising both regarding current members as well as finding new
members. This is every Board Member's responsibility.
Adjourned at 6:00 pm.