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NCYC Regular Meeting Minutes March 7, 2024 Page 4 of 7

Treasurer, Christa Betts

Financial Report (cont’d) North Channel Yacht Club Cash Summary February 2024

December

December

December

February

2021

2022

2023

2024

Fifth Third Bank

$245,900.00

$277,378.83

$126,194.80

$247,093.06

Cash Reserve Fund

$98,300.00 $344,200.00

$126,781.60 $404,160.43

$180,577.67 $306,772.47

$181,375.29 $428,468.35

Total Cash

NOTE: Feb-24 YTD Commodore Projects $10,068.40 Expenses in the amount of $10,980.37 Income in the amount of $50,488.52 Net income in the amount of $39,508.15 February Interest Earned $356.52 Cash on Hand $428,468.35

Motion: Shelley Sweier to approve the financial report. Second: Tom Lisowski. Motion Carried

P/C Brian Fringer

ABYA Report

P/C Fringer provided some brief comments regarding ABYA events.

Correspondence

1. Request received from a Senior member for permanent exemption from work hours based on age and health.

Motion: Mark Javery to approve request for exemption. Second: Melissa Winkler. Motion Carried

2. Request received from Great Lakes Cruising Club to sponsor ABYA General Membership meeting at NCYC September 9, 2024.

Motion: Philip Maniaci to approve request. Second: Mark Javery. Motion Carried

I. CURRENT BUSINESS

Philip Maniaci

Activities

Summary of recent Survey results presented to Board.