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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