Blue and Yellow Minimalist Boat Rental Flyer

NCYC Regular Meeting Minutes November 20, 2024 Page 4 of 8

Financial Report (cont’d)

Treasurer, Christa Betts

North Channel Yacht Club Cash Summary October 2024

December

December

December

October

2021

2022

2023

2024

Fifth Third Bank

$245,900.00

$277,378.83

$126,194.80

$164,725.65

Cash Reserve Fund

$98,300.00 $344,200.00

$126,781.60 $404,160.43

$180,577.67 $306,772.47

$216,097.08 $380,822.73

Total Cash

NOTE: Oct-24 YTD Commodore Projects $37,119.21 Expenses in the amount of $26,292.15 Income in the amount of $17,187.27 Net loss in the amount of $9,104.88 October Interest Earned $454.02 Cash on Hand $380,822.73

Motion: PC Brian Fringer to approve the financial report. Second: Philip Maniaci. Motion Carried

ABYA Report P/C Brian Fringer The ABYA has a full board for 2025 so they will continue to run business as usual. Annual dues are $125.00. Motion: John O’Leary to approve ABYA dues for 2025. Second: Mark Javery Mark Javery a. A letter was sent to a member regarding their behavior at the club in September. The member responded with a rebuttal letter. Board discussion ensued. b. Susan Bryson wrote a letter asking to waive work or pay hours due to the usage of Bob Bryson’s barge to move lumber to the island for Elite Brigade weekends. Motion: VC Bill Burkhardt to remove work or pay hours. Second: RC Terry Steinmacher Motion Carried Motion Carried Correspondence