2021_Porsche_356_Registry_Issued_Statements_8-31-21.pdfPORSCHE 356 REGISTRY, INC. FINANCIAL STATEMENTSYEARS ENDED AUGUST 31, 2021 AND 2020 withINDEPENDENT ACCOUNTANT'S COMPILATION REPORT
K and K Insurance Discussion 22-27 December 2020On 22 December 2020, Debbie Cooper informed all Trustees that she had received K and K invoices, due 15 January 2021. She stated there was no increase in the "main" policy for $1M, nor in the additional policy for the second $1M from 2020. She requested President Curt Dansby ask that Trustees approve her motion for payment of the invoices.On 23 December Curt asked all trustees to consider Debbie's request for payment.On 23 December, Rhys Haydon seconded the motion and voted yes. Michael Branning voted yes, with the assumptions that the board will be able to support some events in 2021 and that dropping the insurance for any period (to save premiums in Q1...TBD?) may risk the Club's ability to reinstate the policy. Debbie, Jim Johnston, and Frank Hood voted yes.On 27 December Curt announced that although he generally voted last to allow all trustees the opportunity to vote ahead of him, he had to assume that Gerald McCormick was unavail...