Baseball Stadium Authority

Meeting Minutes for Norwich Baseball Stadium Authority Wednesday, April 12, 2017 (6:00 p.m.) City Hall, Norwich 1. Call to Order by Assistant Chairperson, Gary Schnip, GS (6:00 p.m.) NBSA Members Present: Gary Carignan; GC; Sean Ryan, SR, Tom Cummings; TC, Robert Reed RR, Matthew Fortin, MF Members Absent: Michael Jewell, MJ, Bob Demars, BD, Peter Slocum PS Also Present: CT Tigers Representative – Dave Schermerhorn; DS 2. Review of March 8, 2017 NBSA meeting minutes: Motion made by TC seconded by MF passed (5-0) to accept meeting minutes as presented. 3. Public Comment: None 4. Chairman’s Report/Correspondence: No Chairman’s report -Chairman was absent from meeting; no correspondence received 5. Budget Committee – Sandy Kuchta provided March 2017 financials prior to meeting. Motion to accept made by SR motion seconded by TC, passed (5-0) 6. Operations Committee: TC, DS and GS met to prioritize DS minor stadium issues list provided to NBSA during March 2017 meeting. Prioritization includes; paint lines in parking lot, concrete damage, fencing around home plate and in bullpens and major issue with carpeting in clubhouse and coach’s office. DS to obtain prices quotes for carpeting in suites. Other severe safety issues are that many lights (at least 12) and Emergency lights inside the stadium are out all around the stadium. Non-working lights are now a critical safety feature. A motion was made by MF and seconded by SR passed (5-0) to approve up to $20K for these stadium items to be repaired. GS noted that the draft City of Norwich 2017-2018 budget did not include the $450,000 stadium field lighting. a. Stadium update: see Operations Committee report b. Organizations Monthly report: DS said things are getting ready for the season. Inspected ballpark and provided letter of items that need to be addressed over the next year or so. GS and TC met with DS on the items to see if anything can be done. See comment under Operations Committee. 7. Old Business: All in attendance have completed Ethics training  8. New Business: none 9. Adjournment: Motion made by TC seconded by MF to adjourn the meeting. Motion passed unanimously (5-0) at 6:15 p.m. Next meeting: May 10, 2017 at 6:00 p.m. to be held at City Hall. Submitted by Gary Carignan  Stadium Financials March 2017 REVENUES for the month of March 2017 were $5,275.12 in comparison to prior year March 2016 $4,018.39. This is a $1,256.73 increase consisting of an increase from Utility Reimbursement of $1,243.46, and an increase in interest income of $13.27 YTD Revenues for March 2017 were $16,555.63 in comparison to prior YTD March 2016 $13,425.38. This is a $3,130.25 increase consisting of an increase from Utility Reimbursement of $3,081.64 and an increase from Interest Income $48.61. EXPENSES for the month of March 2017 were $22,249.53 in comparison to prior year March 2016 $23,294.99. This is a decrease of $1,045.46 consisting of an increase to Lighting of $1,243.46, a decrease in Stadium Repairs of $541.83,a decrease in insurance of $51.12, an increase in Audit fees of $23.86, and a decrease to Depreciation of $1,719.83. YTD Expenses for March 2017 were $63,862.91 in comparison to prior YTD March 2016 $69,568.01. This is a $5,705.10 decrease consisting of an increase in Lighting of $3,081.64, a decrease in Audit Fees of $59.30, a decrease in Insurance of $51.12, a decrease in Stadium Repairs of $3,516.83, and a decrease in depreciation of $5,159.49. NET LOSS for March 2017 was $16,974.41 compared to NET LOSS for March 2016 of $19,276.60. This is after depreciation of $14,678.36 in 2017 and $16,398.19 in 2016. NET LOSS for YTD March 2017 was $47,307.28 compared to NET LOSS for March 2016 of $56,142.63. This is after depreciation of $44,035.08 in 2017 and $49,194.57 in 2016. CASH BALANCE for March 2017 was $109,807.66 in comparison to prior month February 2017 $115,898.24. This is a decrease of $6,090.58. This is due to an increase in accounts receivable of $5,220.18, an increase in accounts payable of $1,425.65 and the monthly net loss of $2,296.05 excluding non-cash depreciation expense.