March 2025 Beacon

NCYC Regular Meeting Minutes February 13, 2025 Page 3 of 15

Financial Report Treasurer, Christa Betts Christa reported that the bank account was hacked about two weeks ago and had to be frozen pending on items. It was replaced with a new account number and new debit cards; the fraudulent withdrawals were corrected.

NORTH CHANNEL YACHT CLUB Profit & Loss by Class Jan-25

Jan-25

Year to Date 2025

2025 Budget

Income Activities Clubhouse

$

-

$

-

$

-

$

40,000.00

$

-

$

-

$

-

$

-

H&G

$

-

$

-

$

-

$

13,000.00

Publications

$

5,250.00

$

-

$

5,250.00

$

5,000.00

Supplies

$

-

$

-

$

-

$

100,000.00

Membership

$

103,950.00

$

-

$

103,950.00

$

180,000.00

Treasurer

$

457.44

$

-

$

457.44

$

35,000.00

Transportation

$

-

$

-

$

-

$

-

Flag

$

14,000.00

$

-

$

14,000.00

$

13,000.00

Total Revenue

$

123,657.44

$

-

$

123,657.44

$

386,000.00

Jan-25

Year to Date 2025

2025 Budget

Expenses Activities Clubhouse

$

-

$

-

$

-

$

35,000.00

$

2,514.42

$

-

$

2,514.42

$

51,300.00

H&G

$

225.00

$

-

$

225.00

$

48,000.00

Publications

$

169.20

$

-

$

169.20

$

8,500.00

Supplies

$

731.93

$

-

$

731.93

$

70,000.00

Membership

$

873.50

$

-

$

873.50

$

9,000.00

Treasurer

$

10,010.50

$

-

$

10,010.50

$

70,000.00

Transportation

$

-

$

-

$

-

$

13,000.00

Flag

$

10,951.70

$

-

$

10,951.70

$

35,000.00

Total Expenses

$

25,476.25

$

-

$

25,476.25

$

339,800.00

Jan-25

Year to Date 2025

2025 Budget

Commodore Projects 2025 Pedastals

$

23,924.73

$

-

$

23,924.73

$

25,000.00

Lumber and Labor Battleship Row

$

-

$

-

$

-

$

30,000.00

Fin Work Boat Total Expenses

$

63,412.00

$

63,412.00

$

98,000.00

$

87,336.73

$

-

$

87,336.73

$

153,000.00