July 2025 Beacon

NCYC Regular Meeting Minutes April 10, 2025 Page 5 of 11

North Channel Yacht Club Cash Summary March 2025

December

December

December

March

2022

2023

2024

2025

Fifth Third Bank

$277,378.83

$126,194.80

$179,089.80

$182,862.38

Cash Reserve Fund

$126,781.60 $404,160.43

$180,577.67 $306,772.47

$216,993.30 $396,083.10

$217,542.48 $400,404.86

Total Cash

NOTE: Mar-25 Cash Reserve Fin Project $74,595.57 YTD Commodore Projects $23,924.73 Expenses in the amount of $16,635.53 Income in the amount of $11,199.94 Net loss in the amount of $5,435.59 March Interest Earned $62.44 Cash on Hand $400,404.86

Motion: V/C Terry Steinmacher made the motion to approve the financial report. Second: R/C Mark Javery Motion Carried

A.B.Y.A. Report P/C Rick Romatz A.B.Y.A. has 10 – 12 well reservations already. A.B.Y.A. meeting is next week, and I will not be able make that meeting. Discussion: A.B.Y.A understands there needs to be 75 people (Outside of our membership) for Spring Dinner Dance to happen.

End of Report

Correspondence

All

No Report End of Report