August 2023 Beacon

NCYC Regular Meeting Minutes July 20, 2023 Page 5 of 8

Treasurer, Christa Betts

Financial Report (cont’d)

North Channel Yacht Club Cash Summary June 2023

December

December

December

June 2023

2020

2021

2022

Fifth Third Bank

$145,900.00 $145,900.00

$245,900.00 $245,900.00

$277,378.83 $277,378.83

$184,223.24 $184,223.24

Total Operating Funds

Cash Reserve Fund

$98,300.00 $244,200.00

$98,300.00 $344,200.00

$126,781.60 $404,160.43

$177,888.97 $362,112.21

Total Cash

NOTE: Jun-23 YTD Commodore Projects $100,314.86 Expenses in the amount of $49,021.99 Income in the amount of $27,721.76 Net loss in the amount of $21,300.23 June Interest Earned $434.26 Cash on Hand $362,112.21

Motion: P/C Hall to approve the financial report. Second: Al Douglas. Motion Carried

I. CURRENT BUSINESS

Philip Maniaci

Activities

Philip provided a financial summary of recent activity events.

Melissa Winkler

Publications

Melissa indicated recent Beacon has been issued; NCYC Website was recently revised and improved.

Mark Javery

Secretary

Administration of changes to work schedule continuing.