Microsoft Word - January Beacon Cover

NCYC Regular Meeting Minutes February 8, 2024 Page 4 of 11

Treasurer, Christa Betts

Financial Report (cont’d)

North Channel Yacht Club Cash Summary January 2024

December

December

December

January

2021

2022

2023

2024

Fifth Third Bank

$245,900.00

$277,378.83

$126,194.80

$207,941.43

$98,300.00

$126,781.60

$180,577.67

$181,018.77

Cash Reserve Fund

$344,200.00

$404,160.43

$306,772.47

$388,960.20

Total Cash

NOTE: Jan-24 YTD Commodore Projects $10,068.40 Expenses in the amount of $6879.72 Income in the amount of $99,135.85 Net income in the amount of $92,256.13 January Interest Earned $441.10 Cash on Hand $388,960.20

Motion: P/C Fringer to approve the financial report. Second: Tom Lisowski. Motion Carried

P/C Brian Fringer

ABYA Report

P/C Fringer provided a brief summary of upcoming ABYA events.

Correspondence

a) A member requested a reduction in work hours from 16 hours to 8 hours. No specific reasoning was provided.

Motion: Philip Maniaci to deny the member’s request . Second: Bill Frederiksen. Motion Carried

b) A member requested a permanent waiver of required work hours due to health reasons.

Motion: Tom Lisowski to approve the member’s request. Second: Philip Maniaci. Motion Carried

c) A member requested a permanent waiver of required work hours due to spouse ’s health condition.

Motion: Christa Betts to deny the member’s request. Second: Philip Maniaci. Motion Carried