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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.