JUNE 2015 BEACON

Board Minutes April 23, 2015

Page 3 of 10

Rear-Commodore’s Comments: Rear Commodore, Pat Carroll Two Elite Brigades down and two more to go. Then we have two regular work parties and the Club is open. Four more weeks and we start another year at NCYC. As Board members, we need to make sure that we contact our member friends and convince them to participate in the work parties. We still have an awful lot to get accomplished in the next four weekends. On Saturday morning when we get to the island, look at the list of what needs to be done, grab some members and attack as many tasks as you can. Let’s make sure that everyone that comes to the island is put to work, we have something for everyone to do no matter what their limitations might be. We can make the island be the showplace that she really is if we as Board members manage and make use of the manpower that attends our work parties. Financial Review Frank presented an update on the financial results through March. Revenues for the month of March were $14,219, YTD stand at $131,538. Expenses for March were $4,654, YTD stand at $33,777. Net income for the month of March and YTD were $9,565 and $97,760, respectively. Cash balance stands at $164,730 at the end of March, and the First Merit loan balance was $107,006 as of March 31. Comcast Agreement Frank updated the Board that he and the Commodore finalized discussions and negotiations with Comcast for a new three year agreement to provide Internet, TV, and phone service to the Island. Included in the new Comcast agreement is a substantially increased internet capability and speed that should alleviate past performance issues that have frustrated members. Based upon the overlap of other nearby systems, and to avoid degradation of the system and ensure privacy of our network for NCYC members only, the WIFI system will be password protected. Further information will be provided to members on the password. During the installation scheduled for April 27, the technicians will decide what equipment relocations or additional equipment needs to be installed to optimize the system capability. With the Comcast agreement, services previously provided by Dish Network and AT&T have been discontinued. The Comcast agreement provides the Club with an Off-Season pricing structure to minimize costs when the Club is closed. Frank and the Commodore also recognized Keith McGregor for his helpful technical input and preliminary work on the project with Comcast. Financial Report Treasurer, Frank Corcoran