Board meeting on December 9 was called to order at 10am.
Steve Wilson, Dave Johnson, Dave Almstrom, Dimitri Zhivotovsky and Svend Filby attended
Tim Matyuf was absent
Dave J told the board he will continue to follow up on money owed to the club.
Our CPA Dave Geer supplied a copy of our profit and loss statement and balance sheet from Jan 1st – November 30, 2023. The board also received a copy of the 2024 budget, which we went over and accepted.
Smaller trash containers worked well this year to reduce costs
Water is now being tested by Gilford Well every month during the season per state regulations
Next year’s Managers salary will be $18,500
The new manager will start full time in June (Dave J will monitor throughout Summer)
Dave J will be launching boats in the spring.
Our new manager will start mowing the lawn in the spring and in the fall will work with Dave J learning how to operate the boat lift to take the boats out in the fall.
Shed walls need to be replaced- board agreed
The pile of sand will be spread along fence area in low spots
Board agreed to keep Matt Abbate to clean bathrooms
Board went thru budget items- all agreed on numbers
Lift maintenance- need new lift straps for smaller boats 1500.00 Dave J will look into
New sleeve for lift axle needed- Dave J will look into
Board agreed to adjust cap reserve assessment to $400.00
Cap reserve 38K
Dave J will get final figures from CPA so we can send Budget, Dues Bill, Year End Profit and Loss, Balance Sheet out Jan 15 and will be due from members Feb 15.
CPA Steve Geer doing a good job- board happy with his performance
Dave J will write up reasons we are sending out budget with dues bill in January
Talk further at annual meeting
Owner Mike Mayo wants to work on the cap improvement committee.
What does the board want him to do?
Board suggests looking at the capital report for 10 and 15 years out. Then make recommendations to the board
Board agreed to purchase larger solar light units in spring to replace lights along finger docks. Svend will look into a mesh network repeater cost to replace our inadequate wifi system
Dave Johnson has step by step list of what manager does during the year and will work with the new manager
Board agreed to have our CPA find someone to implement a simple audit
GYC has more small boat in slips that do not use electricity
Dave Johnson will continue to be contact person on GYC web site
Svend made a motion to adjourn, Dimitri seconded- board adjourned 11:20
Reasons for 2024 Budget proposed in January
- GYC Fiscal year was formally July 1-June 30 of the following year. This is why dues were collected bi-annually and January’s dues were half of prior year. At June’s Annual Meeting budget was presented and July’s dues
were increased/decreased accordingly.
- With the change to dues being assessed annually, our new CPA urged the current BOD to change the fiscal year to January 1-December 31. This was done in 2023.
- This change helps our CPA to monitor our budget alignment with our actual spending throughout the new fiscal year instead of a budget issued half way through the year.
- Annual meeting will still occur 1st Saturday in June.
Please check off your approval of the 2024 Budget on the Due’s bill and send with your payment.
Budget is set up with prior year’s budget, actual (same as Profit and Loss), and 2024 Budget.
For questions, concerns, etc. on the 2024 Budget, contact:
Dave J- e-mail- dsjohnson26@metrocast.net. Phone or text- 603-707-0210