August Beacon

NCYC Regular Meeting Minutes July11, 2024 Page 4 of 8

Treasurer, Christa Betts

Financial Report (cont’d)

North Channel Yacht Club Cash Summary June 2024

December

December

December

June

2021

2022

2023

2024

Fifth Third Bank

$245,900.00

$277,378.83

$126,194.80

$181,783.24

Cash Reserve Fund

$98,300.00

$126,781.60

$180,577.67

$214,301.22

Total Cash

$344,200.00

$404,160.43

$306,772.47

$396,084.46

NOTE: Jun-24 YTD Commodore Projects $35,209.21 Expenses in the amount of $44,123.06 Income in the amount of $35,101.57 Net loss in the amount of $9,021.49

June Interest Earned $435.76 Cash on Hand $396,084.46

Motion: PC Fringer to approve the financial report. Second: Philip Maniaci. Motion Carried

P/C Brian Fringer

ABYA Report

No report.

Mark Javery

Correspondence

A member requested to waive her weekend work hours for 2024 due to medical reasons.

Motion: Mark Javery to approve the member request. Second: Philip Maniaci. Motion Carried

Guest Presentation

A Member attended and provided a detailed overview to the Board of Directors of circumstances related to a recent personal event hosted by the Member at the Club without prior Board approval.