In lieu of the usual General Meeting, which was scheduled for March 19th, we are sending out this summary of club activities, and information from the Board.

1.  Social Events & Cruises

In the past few weeks we have had to make significant adaptations to the emerging and now pandemic event.  We have “cancelled” many events, cruises and social activities.  Where possible, let’s think about this as deferring activity versus cancelling activities.  And once we are good to go again, we will be very busy with lots of activity.  Why not St. Patrick’s Day in May or June?  And we can do Meatloaf Contest again on any given Friday.  Planning for the Ladies Lunch was already started and can easily be resurrected with a couple weeks’ notice.  We can always be creative and leverage the hard work and planning that has been expended.

 

While we are not certain we will be able to hold May events, we are continuing to plan for them.  They include:

            Kingston Opening Day of Boating

            Santa Fe Post Sail Dinner

            Bell Harbor Memorial Day Cruise

            Kingston Wine Walk

 

2.  Things We Can Do Now
We are assessing ways to help and engage the membership in multiple work streams.  They are:

• What club projects / work can be accomplished during this time? 

  i.e.  Ongoing planning and business, facility maintenance, facility improvement projects 

• How can we help our fellow members during this time?  i.e.  Recently a new member, Debby Tyler, has offered remote computer support to members.   
• How can we help our community during this time?  i.e.  Ensure we follow guidelines, provide delivery assistance to those in need  
• How can we help the local businesses during this time?  i.e.  Buy from them – take out/gift certificates
  

 

If you would like to help, please join us by contributing your ideas and effort.  Feel free to call or email any board member with your input and ideas. 

 

In the meantime, Skype, Facetime, catch up with old friends and family you’ve been too busy to call, tackle the yard work towards spring or tackle the paperwork backlog in your home office.

 

3.  Fun! - Special Task

Since we don’t have photos of events to share, what are you doing to occupy your time?  Share your photo by emailing it to Info@KCYC.org and we will post them into a special “On Hold” folder on the website.  It will be one more way to stay in touch with each other.

 

4.  Financial Summary

I am happy to report that the first two months of operation have produced good financial results and the club has an operating contingency to assist with the unexpected event.

 

Year to date, we forecast net revenues after expenses of $16,110.  Our actual results were $15,328.  The shortfall was previously collected as dues in December and therefore we are on plan.

 

Year to date, our planned General and Administrative expenses, things like rent and utilities, were forecast to total $5,493.  Actual expense totaled $5,674.

 

With the extra money collected in 2019 from dues, we were in a position to fully fund our Capital Asset reserve fund, $5,200 at the beginning of this year rather than fund it monthly.

 

Here are all the details of our various accounts and assets:

 

General checking account .......................................................$34,433.

Bar checking account .....................................................................$1,549.

Fleet checking account .................................................................$2,216.

Rental checking account ............................................................$1,875.

Capital Asset contingency ........................................................$5,200.

Operating contingency ................................................................$4,244.

Bar inventory .............................................................................................$3,953.

Ships Store inventory .......................................................................$1,250.

Accounts receivable (dues paid monthly) ............$9,400.

Long term savings ...............................................................................$55,219.

 

Total Club Assets................. $119,339.

 

Summary

So don’t despair!  Find ways to:

1. Follow the guidelines
2. Stay safe
3. Engage with the club activities / workstreams