March 2025 Beacon

NCYC Regular Meeting Minutes January 9, 2025 Page 4 of 12

North Channel Yacht Club Cash Summary December 2024

December

December

December

December

2021

2022

2023

2024

Fifth Third Bank

$245,900.00

$277,378.83

$126,194.80

$179,089.80

Cash Reserve Fund

$98,300.00 $344,200.00

$126,781.60 $404,160.43

$180,577.67 $306,772.47

$216,993.30 $396,083.10

Total Cash

NOTE: Dec-24 YTD Commodore Projects $44,119.21 Expenses in the amount of $20,840.72 Income in the amount of $48,519.19 Net income in the amount of $25,678.47 December Interest Earned $455.92 Cash on Hand $396,083.10

Motion: PC Rick Romatz to approve the financial report. Second: PC Brian Fringer. Motion Carried

ABYA Report

PC Rick Romatz

A.B.Y.A. meeting will be at Huron Pointe Yacht Club. A.B.Y.A. has a full board this year. End of Report

Correspondence

Secretary, John Hickey

No report at this time.

Fleet Captain Report

Tony & Kim Sicluna

Rendezvous #1

June 27 - 29

St. Clair Harbor

Wells all booked and there is a wait list!