2024 - 02 - Beacon

NCYC Regular Meeting Minutes January 11, 2024 Page 5 of 8

Treasurer, Christa Betts

Financial Report (cont’d)

North Channel Yacht Club Cash Summary December 2023

December

December

December

December

2020

2021

2022

2023

Fifth Third Bank

$145,900.00

$245,900.00

$277,378.83

$126,194.80

Total Operating Funds

$145,900.00

$245,900.00

$277,378.83

$126,194.80

Cash Reserve Fund

$98,300.00

$98,300.00

$126,781.60

$180,577.67

Total Cash

$244,200.00

$344,200.00

$404,160.43

$306,772.47

NOTE: Dec-23 YTD Commodore Projects $137,153.43 Expenses in the amount of $22,501.44 Income in the amount of $36,367.50 Net income in the amount of $13,866.06 December Interest Earned $455.82 Cash on Hand $306,772.47

Motion: P/C Fringer to approve the financial report. Second: Mark Javery. Motion Carried

P/C Brian Fringer

ABYA Report

P/C Fringer gave a summary of the recent ABYA meeting.

I. CURRENT BUSINESS

Philip Maniaci

Activities

Director Maniaci plans to conduct a questionnaire to the Membership, soliciting their level of interest of the various events. The Board intends to increase its financial oversight of certain types of events.

Bill Frederiksen

Clubhouse

No report.

John O’Leary

Harbor & Grounds

No report.