JANUARY 2017 BEACON

NCYC Regular Meeting Minutes Page 2 of 5

Commodore’s Comments: Commodore, Chuck Stroh Welcome to the November meeting. The year is winding down but we still have some business to take care of, let’s get started.

Vice Commodore’s Comments: Vice Commodore, Pat Carroll The clubhouse is closed down, the Fins are out of the water and covered for the winter. The season is quickly winding down and we can now start planning for next year. If you have not chosen your weekend to be the OD, please see Glenn Nixon. If you are thinking about taking a week to be a weekday manager, please contact Dick Raymond. Next year is fast approaching and the sooner we get these items behind us the sooner we can concentrate on the real issues at the club. Rear Commodore’s Comments: Rear Commodore, Randy Pagel Here we are in November and the 2016 boating season is coming to an end. We had a great year as a club and we are looking forward to next boating season in 2017. We have an opportunity coming up to support our own P/C Rick Romatz at the ABYA Ball coming in December. I hope all of you can attend and give him our support as Commodore of ABYA for 2016. I look forward to working with all of you in 2017, and want to personally thank the outgoing directors for all their hard work and enthusiasm, making NCYC the great yacht club that it is. Financial Report: Treasurer, Frank Corcoran For the month of October, revenues were $19,155 and expenses $19,558, resulting in a minimal loss of $403 for the month. During the month, we recorded a $600 contribution from the Ancient Mariners for the pedestal water project, a $250 contribution from the First Mates for landscape related costs and $5,000 for 2017 Commodore projects. During October, we recorded a $895 adjustment to decrease liquor inventory to $5,745 based on the annual physical count conducted during the month. Year-to-date revenues through October were $317,370 and expenses $216,650, resulting in year-to-date profit of $100,720. Of particular note, supplies posted another strong year with net income of $39,253. On the balance sheet, total cash at October 31 st was $177,390, including $47,660 in emergency funds and $51,190 escrow funds for the 2017 member note redemptions. Unused credits on membership/gift cards totaled $5,600.00. Motion: Randy Pagel Seconded: Ian Blackburn Motion Carried