Dear Fellow Members What a bitter winter we have been having! These temperatures and the freezing lake reminded me of some photographs presented by Past Commodore and club historian Wayne Mullins last year. Some of these winter scenes of the waterfront show skating in the harbor and huge fields of solid ice. As I write this article, the predicted weather for tomorrow is southwest winds in excess of 100 kilometers in areas of the Toronto waterfront… let’s hope we avoid damage to our docks from movement of the ice! As you all know we held our 119th AGM in the dining room December 9th, 2013. Attendance at this AGM was down from recent years, though we kept a high level of participation with many members addressing various issues on the agenda. Since many of you were unable to attend, I thought I would report the highlights of the meeting so when these changes come into effect you aren’t surprised. My Commodore's Report was presented in the printed Annual Report, along with a financial report and a report from each Vice Commodore. These detailed reports are well worth reading as they will provide you with a really solid understanding of what we have achieved in 2013. NYC’s financial situation is very healthy despite a reduction in income due to lower dues and initiation fees. The Board of Directors and staff managed really well by controlling our expenditures and we were also able to continue our program of debt reduction. The next time you see our Treasurer and other Board members please thank them for managing our club responsibly. Members need to recognize that costs of goods and services increase every year, meaning that if revenues remain flat, programs will eventually suffer. With this in mind we did introduce minor cost of living increases to our fees and dues. The following changes were approved at the AGM:
- 2% on Dues and Fees – Approved.
- 2% on mooring fees – Approved.
- A new method of calculating dock fees of $28 per linear foot of the boat or dock length, whichever is greater. The intention is to provide a more equitable method for calculating dock fees. Approved (after some spirited discussion).
- A motion from Merilee Wright to change the current bylaw that outlines the category of membership that can serve on the board. The intention was to allow more diversification in categories of membership. David George amended this motion such that any two of the seven positions could be held by Associate Dry-sail, Dinghy, and/or Crew members. Amended motion approved.
- Roger Kell proposed removing the 10% administration fee charged for Dock Equity redemptions. Keith Morley amended the motion to include all Dock Equity redemptions repaid after September 30,2013. Amended motion approved.
- Brian McKay proposed that Dinghy and Crew members accrue seniority at half the current rate. Defeated.
- Geoff Brown proposed that the Minimum Monthly Charge (currently $45 per month) for the months of December and January be combined for a minimum monthly charge of $90 for the combined months. – Approved.