January 2024 Beacon

NCYC Regular Meeting Minutes October 12, 2023 Page 4 of 5

Treasurer, Christa Betts

Financial Report (cont’d)

North Channel Yacht Club Cash Summary September 2023

December

December

December

Sep-23

2020

2021

2022

2023

Fifth Third Bank

$145,900.00 $145,900.00

$245,900.00 $245,900.00

$277,378.83 $277,378.83

$118,276.41 $118,276.41

Total Operating Funds

Cash Reserve Fund

$98,300.00 $244,200.00

$98,300.00 $344,200.00

$126,781.60 $404,160.43

$179,228.27 $297,504.68

Total Cash

NOTE: Sep-23 YTD Commodore Projects $137,022.63 Expenses in the amount of $68,309.79 Income in the amount of $41,129.19 Net loss in the amount of $27,180.60 September Interest Earned $437.84 Cash on Hand $297,504.68

Motion: V/C Romatz to approve the financial report. Second: Terry Steinmacher. Motion Carried

I. CURRENT BUSINESS

Philip Maniaci

Activities No report.

Melissa Winkler

Publications

No report.

Mark Javery

Secretary No report.

Bill Frederiksen

Clubhouse

No report.

Terry Steinmacher

Harbor & Grounds

No report.