All Meeting Minutes

Excomm Meeting minutes 02/04

Meeting Date:     February 4, 2018

Start Time:        5:06 PM

End Time:         5:08 PM

Location:        CSC deck

 

ATTENDANCE

Title

Name

Code

Present

Commodore

Joel Gussman

JG

N

Vice Commodore (co)

Lonnie D.

LD

Y

Vice Commodore (co)

Mary Lucus-Flannery

MLF

N

First Vice Commodore (co)

James Clarkson

JC

N

First Vice Commodore (co)

Joshua Leihe

JL

N

First Vice Commodore (co)

Dan Zaslavsky

DZ

Y

Second Vice Commodore (co)

Will Yu

WY

N

Second Vice Commodore (co)

Zach Simson

ZS

Y

Third Vice Commodore

Ryan Alder

RA

Y

Rear Commodore (co)

John Bongiovanni

JB

N

Rear Commodore (co)

Will Spargur

WS

N

Port Captain (co)

Lydia Lopez

LL

Y

Port Captain (co)

Jacqui Zechar

JZ

Y

Treasurer

Peter Kuhn

PK

Y

Secretary (co)

Pilar Schmidt

PS

N

Secretary (co)

Carolyn Brown

CB

Y

 

OFFICER REPORTS

Vice Commodore - we had a very successful first Open House of 2018. There was a great turnout considering it was Super Bowl Sunday. We gave 163 rides, there were more kids than adults, no capsizes, and beautiful weather. Lonnie and Daniel Boldi made great food.

Treasurer - As of 2/4/18 we have $47,460 in the bank, down $2,566 from last report 1/28/18.

Income 1/29 - 2/4/18

 

Total Income

$0

Spending  1/29 - 2/4/18

 

Bank--credit card charges

$25

Dayleaders -- payroll processing, Boatercard fee

$2,541

Total Spending

$2,566

Income and expenses remain in good accord with the budget.  Income is well ahead of spending, and most of the budgets have plenty left for spring 2018 expenses, with the exception of the dinghies and dayleaders budgets, which are the most heavily spent.  The dayleaders budget does not have enough in it to cover the payroll for February.  It needs another $5k spending authorized to cover the payroll for February and March.

Budget for Fiscal Year 2017-2018 vs  actual to date

   

FY Budget

DBW included

Actual thru 2/4/18 (76% of FY)

Percentage of Budget

Remaining

Expected Income

         
 

Memberships (Regular and windsurf locker)

$170,000

 

$133,447

78%

$36,553

 

DBW reimbursement

$40,000

$40,000

$39,408

99%

$592

 

UC Work-Study Reimbursement

$5,000

 

$5,133

103%

($133)

 

Donations, surplus sales, interest, etc.

$12,000

 

$12,313

103%

($313)

 

     Total Income

$227,000

$40,000

$190,302

84%

$36,698

Authorized Spending

         
 

Club activities

$15,000

 

$9,403

63%

$5,597

 

Dinghies and rescue skiffs

$65,000

$34,982

$59,243

91%

$5,757

 

Windsurfing

$26,000

$4,500

$17,239

66%

$8,761

 

Keelboats

$21,000

$518

$8,821

42%

$12,179

 

Dayleaders

$38,000

 

$36,571

96%

$1,429

 

Clubhouse and Yard

$25,000

 

$18,692

75%

$6,308

 

General Overhead

$45,000

 

$28,839

64%

$16,161

 

     Total Spending

$235,000

$40,000

$178,808

76%

$56,192

 

VOTES

Issue

Move

2nd

Unanimous Approval

Motion to approve expenditures in treasures report

PK

ZS

Yes

Motion to approve additional $5000 for Day Leader budget

PK

RA

Yes

Motion to close the meeting at 5:08

CB

RA

Yes