Bedford Basin Yacht Club 2017 AGM Nominating Committee Board of - - PowerPoint PPT Presentation
Bedford Basin Yacht Club 2017 AGM Nominating Committee Board of Directors Elect 2017/2018 Commodore Dave Hackett Vice Commodore House David Clark Vice Commodore Operations Craig Sooley Vice Commodore Finance Tracy Tees
Commodore
Dave Hackett
Vice Commodore House
David Clark
Vice Commodore Operations
Craig Sooley
Vice Commodore Finance
Tracy Tees
Rear Commodore
Andrew Mitchell
Learn To Sail
Rob Sasco
Membership
James Trimm
Events
Mary Beth Fenton
Communications
Donna Lugar
Member at Large
Hunter VanLeuwen
Secretary
Mike Sasco
Ray Kennedy Jamie Trimm Denzelle Sheppard Dave Hackett, Commodore
Comradery has been evident this year, members seem pleased
with the club and its operation
Addition of a new Club Manager, Kim Lipsit Addition of a new POS system that allows Member Accounts Addition of 21 new senior members, with an additional 9 already
signed up for next year!
New WiFi equipment graciously donated by Rod Wark Capt Cook BBQ’s well attended all year and the addition of a
Member’s BBQ was well received
Tennis Court land acquired by BBYC South Seawall refaced Electricity at the new yard plugs finally connected Change of bank over to RBC Wardroom Prepay – member comments please, shall we
continue?
YTD YTD YTD YTD Department Net Profit Income Expense Net Profit Budget Variance Membership & Administration 72,462.78 $ 79,516.95 $ (7,054.17) $ 3,898.00 $ (10,952.17) $ House, Wardroom & Entertainment 98,100.01 $ 109,602.28 $ (11,502.27) $ 5,960.00 $ (17,462.27) $ Yard, Marina & Marine Services 171,137.77 $ 159,838.72 $ 11,299.05 $ (4,849.20) $ 16,148.25 $ Race Committee 25,947.48 $ 21,572.39 $ 4,375.09 $ 2,650.00 $ 1,725.09 $ Learn-To-Sail 132,836.56 $ 96,116.41 $ 36,720.15 $ 11,900.00 $ 24,820.15 $ Totals 500,484.60 $ 466,646.75 $ 33,837.85 $ 19,558.80 $ 14,279.05 $ Actual Budget Variance 2016 Income Membership & Administration 72,462.78 $ 92,158.00 $ (19,695.22) $ 74,332.75 $ House, Wardroom & Entertainment 98,100.01 $ 100,900.00 $ (2,799.99) $ 81,161.07 $ Yard, Marina & Marine Services 171,137.77 $ 142,650.80 $ 28,486.97 $ 136,968.41 $ Race Committee 25,947.48 $ 20,000.00 $ 5,947.48 $ 21,225.97 $ Learn-To-Sail 132,836.56 $ 92,500.00 $ 40,336.56 $ 121,232.21 $ Total Income 500,484.60 $ 448,208.80 $ 52,275.80 $ 434,920.41 $ Expenditures Membership & Administration 79,516.95 $ 88,260.00 $ 8,743.05 $ 95,570.79 $ House, Wardroom & Entertainment 109,602.28 $ 94,940.00 $ (14,662.28) $ 88,897.09 $ Yard, Marina & Marine Services 159,838.72 $ 147,500.00 $ (12,338.72) $ 146,711.42 $ Race Committee 21,572.39 $ 17,350.00 $ (4,222.39) $ 16,878.20 $ Learn-To-Sail 96,116.41 $ 80,600.00 $ (15,516.41) $ 77,177.22 $ Total Expenses 466,646.75 $ 428,650.00 $ (37,996.75) $ 425,234.72 $ Net Operating Profit 33,837.85 $ 19,558.80 $ 14,279.05 $ 9,685.69 $ Non Operating items Depreciation Expense (24,972.00) $ (24,972.00) $ Total Non-Operating items 24,972.00
24,972.00
Excess of Inc. Over Exp 8,865.85 $ 15,286.31
Revenues of $72,463 Expenses of $79,517
Membership dues revenue was under budget partly due to the new
1/3 pricing, as well as fewer members
Joining fees were over budget –more news members Less charges and interest and mainly, the manager salary was less
than budget as there were a few months we didn’t have one
Revenues of $98,100 Expenses of $109,602
Revenues were close to budget but Wardroom expenses
were well over budget
This will be looked at carefully in the new year
Revenues of $171,138 Expenses of $159,839
Yard revenue over budget by $14,026. This includes launch, haul and
storage.
Marina revenue over budget by $5750 Marine Service revenue over by $8712. This includes moorings and
tender service
This indicates more activity as well as billing and collecting for all
services
Expenses were over budget due mainly to all the mooring work that
was done
Revenues of $25,947 Expenses of $21,572
Hosted 2 youth regattas that were well done
Revenues of $132,837 Expenses of $96,116
Adult and Junior revenues were well over budget. We received a wage subsidy which wasn’t budgeted for. Expenses were over budget due to the purchase of a new
rib, opti and outboard engine.
2017 2016
ASSETS Cash (9,707) $ (9,489) $ Capital Replacement Reserve Account (Note7) 2,184 $ 2,120 $ LTS Fundraising Account 951 $ Accounts receivable 20,052 $ 26,633 $ Inventory (Note 2 & 11) 4,785 $ 4,785 $ Prepaid expenses and other assets 5,604 $ 4,575 $ 22,917 $ 29,575 $ Capital assets (Note 3) 1,156,684 $ 1,181,656 $ 1,179,601 $ 1,211,231 $ LIABILITIES Current Bank indebtedness (Note 4) 122,201 $ 169,647 $ Accounts payable and accrued liabilities 36,704 $ 32,219 $ Deferred revenue (Note 2) 41,322 $ 34,336 $ Ladies Sailing Fund (Note 5) 24,720 $ 25,482 $ Harry Barnes Corinthian Fund (Note 6) 24,466 $ 24,224 $ Debentures Matured
249,413 $ 285,909 $ Marina deposits payable 61,500 $ 65,500 $ 310,913 $ 351,409 $ NET ASSETS Members' bonds (Note 8) 146,340 $ 146,340 $ Members' equity 722,348 $ 713,482 $ 868,688 $ 859,822 $ 1,179,601 $ 1,211,231 $
2017 2016 2015 2014 2013 2012 2011 REVENUES: Membership and Administration $ 72,463 $ 74,333 $ 95,266 92,000 $ 84,605 $ 86,473 $ 72,527 $ House, Wardroom and Entertainment $ 98,100 $ 81,161 $ 115,654 120,404 $ 131,985 $ 99,656 $ 66,021 $ Yard, Marina & Marine Services $ 171,138 $ 136,968 $ 145,091 155,470 $ 124,719 $ 120,558 $ 89,240 $ Race Committee $ 25,947 $ 21,226 $ 14,898 15,944 $ 18,649 $ 23,902 $ 27,042 $ Learn-To-Sail $ 132,837 $ 121,232 $ 78,824 55,356 $ 52,734 $ 61,403 $ 86,106 $ $ 500,485 $ 434,920 $ 449,733 439,173 $ $ 412,693 $ 391,992 $ 340,936 EXPENDITURES: Membership and Administration $ 79,517 $ 95,571 $ 96,127 88,792 $ 97,943 $ 95,548 $ 90,514 $ House, Wardroom and Entertainment $ 109,602 $ 88,897 $ 109,564 122,150 $ 115,630 $ 108,222 $ 111,412 $ Yard, Marina & Marine Services $ 159,839 $ 146,711 $ 149,890 133,601 $ 112,723 $ 106,996 $ 126,118 $ Race Committee $ 21,572 $ 16,878 $ 13,636 11,204 $ 27,820 $ 28,513 $ 19,443 $ Learn-To-Sail $ 96,116 $ 77,177 $ 60,032 57,922 $ 52,889 $ 55,525 $ 63,530 $ $ 466,647 $ 425,235 $ 429,248 413,668 $ $ 407,006 $ 394,804 $ 411,017 Excess of revenue over expenditures (expenditures
$ 33,838 $ 9,686 $ 20,484 25,505 $ $ 5,688 $ (2,812) $ (70,082) Non Operating items Write off Debentures Matured 5,095 $ Depreciation Expense (24,972) $ (24,972) $ (24,972) $ Total Non-Operating items (24,972) $ (24,972) $ (19,877) $ Excess of Inc. Over Exp 8,866 $ (15,286) $ 607 $
2018 2017 2016 2015 2014 2013 2012 2011 Income Budget Actual Actual Actual Actual Actual Actual Actual Membership & Administration $78,467.00 $72,462.78 74,332.75 $ 95,266.44 $ 91,999.95 $ 84,604.76 $ 86,473.00 $ 72,527.00 $ House, Wardroom and Entertainment $103,717.00 $98,100.01 81,161.07 115,653.76 120,403.72 131,985.39 99,655.98 66,020.70 Yard, Marina & Marine Services $171,305.00 $171,137.77 136,968.41 145,090.52 155,469.52 124,719.44 120,558.35 89,239.50 Race Committee $19,700.00 $25,947.48 21,225.97 14,898.01 15,943.77 18,649.42 23,901.81 27,042.23 Learn-To-Sail $137,250.00 $132,836.56 121,232.21 78,824.00 55,355.61 52,734.44 61,402.85 86,106.15 510,439.00 $ 500,484.60 $ 434,920.41 $ 449,732.73 $ 439,172.57 $ 412,693.45 $ 391,991.99 $ 340,935.58 $ Expenditures Membership & Administration 85,780.85 79,516.95 95,570.79 $ 96,126.73 $ 88,791.57 $ 97,942.60 $ 95,547.82 $ 90,514.35 $ House, Wardroom and Entertainment 110,583.00 109,602.28 88,897.09 109,563.95 122,149.79 115,630.30 108,221.58 111,411.62 Yard, Marina & Marine Services 165,396.36 159,838.72 146,711.42 149,889.59 133,600.50 112,723.09 106,995.82 126,117.59 Race Committee 15,748.12 21,572.39 16,878.20 13,636.42 11,204.14 27,820.40 28,513.31 19,443.28 Learn-To-Sail 103,072.68 96,116.41 77,177.22 60,031.78 57,921.62 52,889.23 55,525.34 63,530.39 480,581.01 466,646.75 425,234.72 $ 429,248.47 $ 413,667.62 $ 407,005.62 $ 394,803.87 $ 411,017.23 $ Excess of Inc. Over Exp $29,857.99 $33,837.85 9,685.69 $ 20,484.26 $ 25,504.95 $ 5,687.83 $ (2,811.88) $ (70,081.65) $
House includes $$ for siding repairs LTS includes $25K in new equipment and repairs
Yard includes a lease for a new, larger tractor
Appointment of Club Auditor Membership dues for 2018: proposing no change to
Senior
$795
Senior under 35
$495
Ordinary –Family
$360
Ordinary – Single
$180
Outport
$ 65
Honorary Life membership motion