2021 - October Beacon

Page 7 of 10

August 16, 2021

The year is complete, and the trips were outstanding. Thank you to everyone who helped make them great. I will do a Fanout for St Clair this coming week. Lessons learned - it’s hard to predict the actual liquor consumption - depends on the mix of attendees. Future Fleet Captain’s having access to a car is important :). I am going to name this “The Calihan/Romatz Effect” :). I am finalizing the St Clair Activity Report and the summary below is likely very close to how this will reconcile for the year. I will do a final report for the next meeting after Dennis and I ensure we are fully reconciled. These are my estimates as of today..

Total Net Revenue $6,537.00 Total Expenses $6,234.21

  

Net Surplus $302.79

The total liquor/club supplies expense is $789.49, which will be reconciled with Al. I have sent Al the detailed listing for his review. The remaining expense balance ($5,444.72) was funded by Fleet Captain and Commodore which will be reimbursed upon finalizing the Activity Reports in the near future. I predicted a larger Surplus but required changes on the group in St Clair changed those estimates - back to the “Calihan/Romatz Effect” :).

Again, thank you all for your help and support!!

Harbor Master

As noted in the last report, we have come a long way in coordinating this whole process. I will be happy to spend time discussing and sharing my notes and templates with the inbound Harbor Master. This handoff will help us finalize the processes and lessons learned we developed and leveraged this year. Looking over the past 3 years, we average 2-3 busy weeks with the “Ohio” clubs visiting NCYC. Looking at some averages on the type of spending, these 3 weeks average an annual contribution to our club of $35,700. 59% if dockage, 41% is beverages and food. This excludes any new member contributions (we have a value proposition to Ohio), donations to our charities, and the boutique sales. If we were to successfully recruit 2 new members per year from these groups, this represents a cumulative $9.200 per year if the average tenure is 5 years. I can discuss more if the Board is interested. The key to continuing this revenue stream is aligning the week managers to these busy weeks. Thank you to the Braun’s who do a great job hosting large weeks! We do as well. So having one other weekday manager that enjoys the busier weeks will be helpful for this process. Michele and I are committed for the same 2 groups for 2022.

End of both reports