2017 Financial Results
on Wednesday February 14, 2018 06:31AM
Dear members of FBYC:
As part of a continuing effort to provide greater visibility into the finances of the club, we have prepared a summary overview of our 2017 financial results.
We have continued to offer a high level of service to our membership, which comes at increased costs. Your board is doing everything possible to manage our expenses in a prudent manner. Additionally, we are planning on several capital improvements including the new floating dock and facility maintenance work this year that requires significant cash outlays, and we are tightly adhering to our planned budget for the spending.
Our biggest challenge is increasing revenues to keep pace with the ever increasing level of expenses. The biggest thing you the membership can do is recruit new members!
As we did last summer, we will make a more detailed financial presentation during the Membership Town Hall Meeting.
Please let us know if you have any further questions as this is our club.
Here is a link to the report: https://www.fbyc.net/members-only/operations/.
Thanks,
Rob Whittemore – Commodore
Veronica Hinckle – Finance Chair