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NCYC Regular Meeting Minutes January 19, 2023 Page 5 of 10

Treasurer, Christa Betts

Financial Report (cont’d)

North Channel Yacht Club Cash Summary December 2022

Cash

December

December

December

December

2019

2020

2021

2022

Fifth Third Bank

$186,900.00 $186,900.00

$145,900.00 $145,900.00

$245,900.00 $245,900.00

$277,378.83 $277,378.83

Total Operating Funds

Cash Reserve Fund

$68,200.00 $255,100.00

$98,300.00 $244,200.00

$98,300.00 $344,200.00

$126,781.60 $404,160.43

Total Cash

NOTE: Dec-22 Expenses in the amount of $23,115.66 Income in the amount of $28,587.70 Net Income in the amount of $5,472.04 Cash on Hand $404,160.43

Motion: Al Douglas to approve the financial report. Second: Terry Steinmacher Motion Carried

P/C Dale Hall

ABYA Report

Dale provided a summary of the ABYA 2023 events and business matters.

Motion: Christa Betts to accept the ABYA report. Second: Mark Javery Motion Carried

Secretary, Mark Javery

Correspondence

The following items submitted by Members were read by the Secretary:

************************************* 2023 Incoming Rendezvous and Special Events

To: NCYC Flag and Board of Directors

Greetings, First and foremost, we would like to welcome you to the 2023 season and thank you for volunteering to handle the business of the Club, we only wish you success. With the fuel prices as they are and NCYC having a full membership, our island wells will once again be in demand this upcoming season. As the incoming rendezvous and special event requests come before you, we ask that you and the Harbormaster refer to the policies surrounding these requests. They can be found on page 92 to 94 in the 2022 roster.