38 / 47
NCYC Regular Meeting Minutes
Page 4 of 10
As a follow-up to your question at our recent Board meeting, I have prepared a brief summary regarding
the impact of the Member Loan transaction on 2016. It is particularly important, especially in discussion
with any members, to distinguish between the P&L effect of the transaction and the cash effect on
2016. Keep in mind, this reference only compares the effect of 2016 projected results vs. 2016 Budget,
and does not include any anticipated effect on 2017 when the Notes mature.
Hopefully this helps understand better the effect of the various components of the transaction on the
2016 P&L and Cash Flow.
ABYA Report:
P/C Brian McEvoy
ABYA update by Brian, no notes forwarded.
Passed law born before 1996, boater safety certificate required.
Registration transfer after boat sale and the liability
Spring dinner dance June 3, 4, Motion to approve Brian, seconded, motion carried.
Great lakes cruising club at NCYC Sept, 12. Motion to approve Brian, seconded, motion carried
ABYA, IN Midland, $ 100 for support, Motion to approve Brian, seconded Ian Blackburn.
Motion carried.
Correspondence:
Commodore, Chuck Stroh
Inter-Lake Yachtsmen’s Fund request for a donation of $1.00 per NCYC member. Motion was
made to approve. Motion not approved.
JBM request for Rendezvous for July 15
th
Motion by Bill Calihan second by Brent Malik motion
approved.
Winsor Yacht club Rendezvous – Motion by Kim Miedema to allow for July 8th no seconded
Motion did not pass.
Birmingham Power Squadron rendezvous request for June 10 thru 12th Motion by Randy Pagel
seconded by Brent Malik motion approved.
Harborview Yacht Club Rendezvous for August 5
th
to 7
th
Motion Kim Miedema seconded Tom
Martin Motion approved.
CURRENT BUSINESS
Activities
:
Brian Fringer – No report.
Clubhouse - Scott Greenfelder