July Beacon

NCYC Regular Meeting Minutes June 13, 2024 Page 4 of 10

Treasurer, Christa Betts

Financial Report (cont’d)

North Channel Yacht Club Cash Summary May 2024

December

December

December

May 2024

2021

2022

2023

Fifth Third Bank

$245,900.00

$277,378.83

$126,194.80

$203,013.46

Cash Reserve Fund

$98,300.00 $344,200.00

$126,781.60 $404,160.43

$180,577.67 $306,772.47

$213,865.46 $416,878.92

Total Cash

NOTE: May-24 YTD Commodore Projects $13,612.09 Expenses in the amount of $53,016.18 Income in the amount of $17,970.59 Net loss in the amount of $35,045.59

May Interest Earned $449.34 Cash on Hand $416,878.92

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

Motion: Christa Betts proposed utilizing Club Express credit card payment feature for processing Member payments for Smoke on the Water event. Second: Philip Maniaci. Motion Carried

P/C Brian Fringer

ABYA Report

PC Fringer reported that the ABYA Annual Dinner Dance was enjoyed by all participants.

Mark Javery

Correspondence

None.

Fleet Update

Shelly updated the Board on the upcoming rendezvous’.

Landscaping Issues on the Island

Guest Member, Margaret Herr, presented the Board with an overv iew assessment of NCYC’s general landscaping and a recommendation for preserving and enhancing the Club’s landscape.