NCYC Regular Meeting Minutes Page 2 of 6

Commodore’s Comments: Commodore, Chuck Stroh I want to say thank you to those who attended the Commodores Golf outing and the Commodores Cruise. Both events were a great time for all who participated. Here we are in August and it is time to focus on the tasks that remain for this Board. The open Rules committee items The By-law changes The election of officers – as we process the list of candidates tonight it is very important that each of you are sure that those candidates that you vote to bring forward to the general membership are people that have shown that they have the clubs best interest at heart in their actions and words and are those that will keep the clubs path and traditions in place for the future. Reading for the Budget preparation for 2017 After this meeting we only have 3 Board meetings left, since the December meeting is mainly a celebration with little or no real business done. Please support Frank and Pat in getting the necessary data to produce a quality budget for the club. Vice Commodore’s Comments: Vice Commodore, Pat Carroll We continue to look for qualified members to run for the board, if you know of anyone please encourage them to contact the nominating committee. Rear Commodore, Randy Pagel Here we are at the middle of August and we have had a great summer boating season so far. We had a great time at the Commodore’s Cruise in Jamestown, Kentucky. Weather was great and we had about 84 members and guests cruise around Lake Cumberland. We have the last rendezvous in St. Clair the weekend of August 27 th . Our fleet captains, Glenn and Sheila, have done a fabulous job with the first two, and I am positive the St. Clair Rendezvous will be no exception! We still have lots of summer left, so come out and enjoy our club and your friends at NCYC. Financial Report: Treasurer, Frank Corcoran July 2016 For the month of July, revenues were $42,962, expenses $29,784, resulting in a net profit of $13,178 for the month. Year to date revenues through July were $240,602, expenses $134,618, resulting in year to date profit of $105,984. Through July of last year, profit was $117,780. During July, we booked $9,900 in overnight dockage revenue, bringing YTD amount to $13,187; this compares to $6,470 at this time last year. We also received $4,500 from First Mates for their 2016 designated contribution. On the balance sheet, total cash at July 31 was $183,175 including $47,648 of emergency funds, and $34,125 escrowed for Member Note redemptions in 2017. Motion: Pat Carroll Seconded: Randy Pagel Motion Carried Rear Commodore’s Comments:

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