2023 - 07 - Beacon

NCYC Regular Meeting Minutes April 13, 2023 Page 3 of 9

Treasurer, Christa Betts

Financial Report

NORTH CHANNEL YACHT CLUB Profit & Loss by Class Mar-23

Mar-23

Jan - Feb 2023

Year to Date 2023

2023 Budget

Income Activities Clubhouse

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

- - - - - - - - -

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

- -

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

- -

$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

26,750.00

-

H&G

850.00

850.00

9,350.00 1,200.00

Publications

- -

- -

Supplies

120,000.00 167,350.00

Membership

2,437.50

131,137.50

133,575.00

Treasurer

- -

- -

33,000.00

Transportation

-

Flag

14,155.00

14,155.00

17,000.00

Kids Tip Jar

-

-

-

Total Revenue

2,437.50

146,142.50

148,580.00

374,650.00

Expenses Activities Clubhouse

-

709.38

709.38

19,000.00 50,000.00 50,000.00

975.08 105.95 142.69 177.83

1,900.17

2,875.25

H&G

793.58 661.06

899.53 803.75 177.83

Publications

6,600.00

Supplies

-

85,000.00

Membership

-

2,296.36

2,296.36

8,950.00

Treasurer

9,764.97

13,828.84

23,593.81

62,450.00 12,000.00 26,000.00

Transportation

- -

-

-

Flag

13,719.35

13,719.35

Total Expenses

$

11,166.52

$

33,908.74

$

45,075.26

$

320,000.00

Cash

December

December

December

March

2020

2021

2022

2023

Fifth Third Bank

$145,900.00 $145,900.00

$245,900.00 $245,900.00

$277,378.83 $277,378.83

$354,810.36 $354,810.36

Total Operating Funds

Cash Reserve Fund

$98,300.00

$98,300.00

$126,781.60 $404,160.43

$152,037.85 $506,848.21

Total Cash

$244,200.00

$344,200.00

NOTE: Mar-23 Expenses in the amount of $11,166.52 Income in the amount of $2,437.50 Net loss in the amount of $8,729.02 Cash on Hand $506,848.21

Motion: V/C Romatz to approve the financial report. Second: Terry Steinmacher. Motion Carried