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NCYC Regular Meeting Minutes
Page 3 of 5
Financial Report:
Treasurer, Frank Corcoran
For the month of June, revenues were $22,298, expenses $32,265, resulting in a net loss of $9,967 for the
month. Year to date revenues through June were $197,640, expenses $104,830, resulting in year to date
profit of $92,810. Through June of last year, profit was $109,100. The lower profit in 2016 is primarily
due to lower membership revenues.
On the balance sheet, total cash at June 30 was $171,515 including $47,644 of emergency funds, and
$28,440 escrowed for Member Note redemptions in 2017.
Motion: Ian Blackburn Seconded: Tom Martin Motion Carried
ABYA Report:
P/C Brian McEvoy
No Report
I. CURRENT BUSINESS
Activities - Brian Fringer
Kids Day – Chairperson – Marie Pepin
Revenues: $4,219.00
Expenses: $2,596.66
Profit: $1,622.34
Fourth of July Luncheon – Chairperson - Diane French
Attendees: 71 Adults and 21 Kids
Revenues: $857.00
Expenses: $309.32
Profit: $547.68
.
Clubhouse - Scott Greenfelder
•
Several items still need completion. If anyone is able to volunteer their time, please come to the
island on Wednesday evenings. Contact Scott Greenfelder
•
The new bar mats are in and receiving rave reviews
Harbor & Grounds – Bill Calihan
No Report
Membership- Kim Miedema
We have four people inquiring about membership. One application has been submitted. A request was
made to come in this year, but is now reconsidering.