NEWSLETTER OF THE BUSINESSMEN'S FLYING CLUB
VOLUME XXXV, NUMBER 12, December, 2000
Jim Williams, Editor

The Businessmen's Flying Club held its monthly meeting and Holiday Celebration on Sunday, December 3rd at Costa’s restaurant. The following members attended:
 
Bob  Betyoumaran
Bryan Barus
Tom  Braid
Mark Clements
Hubert  Elsen
Matt  Forsberg
Andrea Hoyt
Matt  Kenner
Ray  Kvietkus
Mike  Leavy
Diane Milmot
Marc  Olson
Mike  Pastore
Jim  Russell
Marty  Scheckel
Bert  Toppel
Ed  Vogler

The following social members and guests attended the festivities:
 
Larry  Bothe
Signe  Ferguson
Mel & Carolyn  Finzer
Ted  Voss

TREASURER'S REPORT
Treasurer Ray Kvietkus provided a summary of the financial status of the Club. The treasurer’s report indicates that the BFC cash balance is $31,578.97. Expenses included a bill for $259.19 for 9TU Oil AD compliance, $205.55 for an oil change to 5RC and $147.56 for an oil change to 8ES. We paid $438.50 to the Naper Aero Club for Hanger and Tie-down and $1,582.41 for fuel at Naper Aero. John Jurek received a refund of his membership deposit of $3,659.00. The club had a bill from Ameritech for 83.29 to move the answering system. A payment of $3,885.65 was made toward the payoff of our loan at Harris Bank. The reserves are fully funded and we have a reserve surplus of $1,613.47. We now have one loan for both 388ES and 415RC, with a remaining balance of about $118,000.00, financed over 20 years with a guaranteed interest rate of 8.5% for the first 5 years of the loan.

The details of the Treasurer’s Report for September may be found at the end of this newsletter.

AIRCRAFT REPORTS


 
  388ES 739TU 415RC
Flying hrs. 37.1 28.8 20.2
SMOH
470.4 442.5 545.2
TBO
2000 2000 2000
TMOH
1529.6 1557.5 1454.8
Club hrs.
1.6 1.4 0.9
Fuel, gph
9.5 8.0 12.3

SMOH -- engine time since major overhaul

TBO -- engine time between overhauls

TMOH -- engine time to major overhaul

N739TU: No report.

N388ES: No report.

415 RC: Just before Christmas the front passenger seat was stuck in the most forward position. Mark thought that the cable may have broken that is connected to the lift bar under the center of the seat. We had a similar repair performed on the seats 388ES.

OLD BUSINESS

At the November meeting, two new additions were made to our Rules and Regulations.

A Motion was made and carried to change our Rules and Regulations to add a $20 fine for a member’s failure to clean the airplane or fly through an oil change.
 
 

A motion was made and carried to require an annual check ride for all members with a club instructor.

NEW BUSINESS

There was no new business presented during the meeting.

WHAT'S UP WITH WHO'S UP

Congratulations to Jim Williams on his promotion to Staff Sales Engineer at National Semiconductor in Schaumburg. Jim has been busy supplying technical support for the new 3Com "Audrey" internet appliance that has been recently advertised on network television.

REFRESHMENT LIST

The BFC refreshment list was created as another way of recognizing special achievements. Criteria for membership vary with the length of the list. The person scheduled for refreshments should bring beverages and desert to the club meeting. If unable to attend, he or she should arrange to trade meeting dates with someone else (preferably poor Bob Betyoumaran) on the list.

Bob Betyoumaran January 2001
Bob Betyoumaran February 2001
Bob Betyoumaran March 2001
Bob Betyoumaran April 2001
Bob Betyoumaran May 2001
Mike Pastore June 2001
Matt Kenner August 2001
Bert Toppel September 2001
Nick Davis October 2001
Ed Vogler November 2001
Ray Kvietkus January 2002
Ed Vogler February 2002
Ray Kvietkus March 2002
Hubert Elsen April 2002
Tom Lechner May 2002

MEMBERSHIP

There were no membership changes during the month.

SAFETY TOPIC

There were no safety topics presented at the meeting.

NEXT BUSINESS MEETING

The Businessmen's Flying Club will hold its next business meeting on Tuesday, January 2, 2001 at the Naper Aero clubhouse.

November Treasurer’s Report
 
RECEIPTS
Equity
$1,084.80
Dues & Flying
$5,891.95
INT MBNA
$125.06
TOTAL Receipts
$7,101.81
CREDITS TO MEMBERS
Fuel Away $762.30
Treasurer $50.00
Copy Costs $32.50
Postage $33.00
Total $877.80
PAYMENTS
Answer System Ameritech $83.29
Equity Refund Jurek $3,659.00
9TU Carb Heat  Selig $80.00
9TU Oil AD Compl. Luman $259.19
5RC Oil Change Luman $205.55
8ES Oil Change Luman $147.56
Fuel Naper $1,582.41
Hangar&Tie-down Naper $438.50
SubTotal $6,455.50
Aircraft Loan Harris $3,885.65
Total Payments $10,341.15
AIRCRAFT LOAN BALANCE
Interest Paid $885.65
Principal Paid $3,000.00
Aircraft Loan $118,000
CASH
MBNA $24,792.04
Security Bank $6,786.93
Total Cash $31,578.97
RESERVES
388ES Engine $4,704.00
739TU Engine $3,982.50
415RC Engine $5,452.00
Insurance $2,500.00
Annuals $3,000.00
LL10 Dues -$350.00
Inactive $4,977.00
Loan Reserve $5,000.00
TOTAL RESERVES $29,965.50
RESERVE SURPLUS $1,613.47

BFC Fueling Orientation
By Matt Kenner

General Guidelines

BFC Procedures 739TU – Completely fill the aircraft

388ES – Fill the aircraft to the tabs

415RC – Fill the aircraft to the tabs.

12/11/00 revision 1