SEPTEMBER 2016 BEACON

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.