September 2023 Beacon

NCYC Regular Meeting Minutes August 17, 2023 Page 7 of 12

Treasurer, Christa Betts

Financial Report (cont’d)

North Channel Yacht Club Cash Summary July 2023

December

December

December

Jul-23 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

$154,225.77 $154,225.77

Total Operating Funds

Cash Reserve Fund

$98,300.00 $244,200.00

$98,300.00 $344,200.00

$126,781.60 $404,160.43

$178,339.13 $332,564.90

Total Cash

NOTE: Jul-23 YTD Commodore Projects $134,927.98 Expenses in the amount of $50,190.44 Income in the amount of $56,102.11 Net income in the amount of $5,911.67

July Interest Earned $450.16 Cash on Hand $332,564.90

Motion: Mark Javery to approve the financial report. Second: Philip Maniaci. Motion Carried

I. CURRENT BUSINESS

Philip Maniaci

Activities

Presented summary of Event reports received to date.

Melissa Winkler

Publications

No report.

Mark Javery

Secretary

Secretary preparing materials for upcoming election.

Bill Frederiksen

Clubhouse

No report.