2025 - August Beacon

NCYC Regular Meeting Minutes July 10, 2025 Page 4 of 11

North Channel Yacht Club Cash Summary June 2025

December

December

December

June 2025

2022

2023

2024

Fifth Third Bank

$277,378.83

$126,194.80

$179,089.80

$160,410.23

Cash Reserve Fund

$126,781.60 $404,160.43

$180,577.67 $306,772.47

$216,993.30 $396,083.10

$149,227.88 $309,638.11

Total Cash

NOTE: Jun-25 Cash Reserve Fin Project $95,729.65 YTD Commodore Projects $52,097.59 Expenses in the amount of $41,311.76 Income in the amount of $21,481.28 Net loss in the amount of $19,830.48 June Interest Earned $304.26 Cash on Hand $309,638.11

Motion: P/C Rick Romatz made a motion to approve the Financial Report from the previous Board Meeting on June 12th, 2025. Second by: V/C Terry Steinmacher.

Motion Carried

A.B.Y.A. Report P/C Rick Romatz The Spring Dinner dance was successful, with good bar sales and dockage for our club. There hasn’t been a meeting yet. We did receive a Thank You card from the A.B.Y.A. Board, thanking us for hosting the Spring dinner dance.

End of Report

Correspondence All Bert Skibinski purchased the pontoon from NCYC and is requesting his Non-Boating membership to change to Boating. Discussion; This will have to start as of January 1 st 2026, we do not switch membership in the middle of the year.