I hope you’ve enjoyed all that has been going on at SSYC over the past month: Pirate Palooza, the Corn Roast, powerboater events, sail racing, special dining opportunities, etc., etc., etc. The volunteers and staff have been doing a terrific job. Thank you all for your hard work.
The recession in 2008 caused a number of members to leave the club. After all, every dollar spent at SSYC is a discretionary dollar. During this 100th anniversary year, membership is improving. We’ve had over 70 new members join so far this year. The ½ price offer for initiation fees has certainly factored into this, and it has been extended. But tell your friends not to wait too long! The ½ price offer was extended until September 30th, or until we reach full membership, whichever comes first.
In spite of the recession, finances are strong. The 2Q2013 numbers, when compared to 2Q2009 show that we are slightly ahead of where we were then. (mid-2009 is a good reference point because it is after the remodeling project, and about the time James left us.) When looking at accounts payables, accounts receivables, assets and liabilities, our cash position has improved by about $10,000 over those four years. Even with the recession and reduced membership, the members of your Board (as well as the staff) have tightened their belts and kept the club on an even keel. In addition to that $10K improvement, the amount of our remodeling loan has decreased about $154,000.
The accounting firm of Ritz-Holman has completed their review of our books. They will be presenting their findings to the Audit Committee in late August. The committee will make a presentation to the Board in September as well as to the membership at the September 19th meeting. Based upon preliminary information, we do not expect them to report any major issues.
Though summer is winding down, there are still quite a few boating opportunities. Take advantage of the warm weather, and the warm water. The lake has finally hit 70 degrees! And even when your boat comes out, there are still plenty of reasons to enjoy SSYC. Come on down for a Packer or Badger game, or for an evening of fine dining, or for wings, tacos and pizza. All of the above can be enjoyed with a draft beer, a bit of rum or nice glass of wine.
The annual election of officers and directors will take place at the September general membership meeting. This is your opportunity to decide how you would like to see the club move forward. nominating committee. The nominating committee will prepare a slate of candidates. Additional candidates can be nominated from the floor at the meeting, and this is always welcome. You must attend the meeting to be able to vote. Our bylaws specifically prohibit voting by proxy.
My second term as Commodore is drawing to a close. It has been an honor to serve the club in this capacity for the past two years.