Annual Statement of Financial Condition May 1 2020

As of May 1st we had $69,942 in the bank, and our property was worth $470,121 (depreciated book value). Bank balance (including the loans from the Small Business Administration) was up $48,966 from 5/1/19, property was down $28,773 (because depreciation exceeded purchases). This statement was prepared without audit from the club’s books.

Income and Loans 5/1/19 - 4/30/20 Regular memberships $192,931 DBW grant--reimbursement 13 novice boards, 15 novice sails $17,817 Donations, surplus equipment sales, credit card cash rewards $39,306 Windsurf locker memberships $9,691 UC workstudy reimbursement $13,237 Total Income $272,982 SBA Covid19 Loans: EIDL advance (doesn't have to be repaid), Paycheck $21,345 Protection Program (can be forgivable) Total Income and Loans $294,327

Spending 5/1/19 - 4/30/20

Dinghies--Deposit for 2 JY15's, UFO sailboat, 9 Quest mainsails, 2 Venture $41,150 masts, 4 Quest rudders, paddles, line, tiller extensions, mast track, glue, rivets, repair centerboard stirrups, bilge pumps, spinnaker repair tape, cotter rings, batten tips, 2 Laser dollies, sail feeder, Quest rudderblade, polyester resin and hardener, spray paint, cleats, rubrail, centerboard hangers, jib halyards, trapeze kit, forestay, quick release pins, plastic strip, spreader brackets, JY centerboards, disposable gloves, paddles, caulk, hiking stick clips, fast pins, tethers, horn, gas and toll for 1st Vice, blocks, aluminum bar and plate, fasteners, safety tread, hiking strap repair labor, cotter rings, fuel filter, fast pin, bobble, cam cleat repair kit, dump fee Quest hull, fid, drainplugs, boom ends, non-skid foam material, acetone, goosenecks, JY tillers, sail repair tape, workparty snax, shock cord, kite sock materials, mast gates, dolly tires and tubes, hatch, epoxy resin, bubble solution, glue, trapeze adj cleats, clamcleats, cable, fittings, -hose washers, spray bottle for dinghy leak testing, RS800 spreader brackets, universal joints, horn cleat, wire rings, swivel blocks, lead rings, batten material and tips, sail repairs. Dayleader wages and taxes, dayleader radios and knives, toll for VDL, $57,095 boatercard fees, snack for dayleader meetings Windsurf--6 BIC novice boards, 15 Ripper novice sails, 40 NoLimitz $34,702 windsurf mast sections, 3 boards 133 137 145 liters, 94l windsurf board Exocet Cross, NP board and sails, Naish Vector board, 3 sails 5.8 6.4 7.0, 2 sails 4.4 , 3 windsurf sails, 3 used windsurf sails, 4 mast tops, board nose protectors, board nose protectors, gas for second vice, sanding discs, hooks, stencils, acetone, epoxy, coveralls, dust masks, markers, fiberglass, o-rings, double-sided tape, hoze nozzles, filler, cabinet construction supplies, backing pads, spray paint, windsurf closet rack and shelf materials, epoxy hardener, carbon mast extension, monofilm, universals, lock, stencils, supplies for board repair clinic, sail repairs, sail tape Clubhouse and Yard--portapotty service, garbage service, DSL service for $11,032 clubhouse computer, materials for DSL cable repair, lumber for sanding room project, screws, supplies for seawall ladder, water filter, snax, spray paint, bolts, MOB bin, shelf, propane, dish soap, trashcans, dump fees, trailer rental, disposable utensils, paper towels, milk, vegetable oil, showerheads, supplies for windsurf rack roof, brooms, dustpans, disposable gloves, wiring supplies, hoist controls and wires, coffee, tablet computer for board hospital, BBQ parts, safety tread for clubhouse steps, trash bags, sling supplies, shower parts, spray primer, plumbers tape, dish soap, no parking sign, pesticide (yellowjackets), die, asphalt, tamper, lock lube, finance charge, , cable ties, tape, materials and packing and shipping for hoist template, aluminum strip, rubber mallet, router, lightbulbs, shellac, raft sticks, yellowjacket traps, valves for hoses, umbrellas, wheel for hand truck, gas can spout, anchor shackle, oil, nails, gloves, crayon, hose for J dock, used computer for clubhouse, weedwhacker line, oil, tube patch kit, switch for website computer Insurance--commercial property and general liability insurance 4/14/19- $31,086 4/14/20, commercial property and general and marine liability insurance 4/14/20- 4/14/21, directors and officers insurance, workers comp deposit and premiums Activities--food for Open Houses and General Membership Meetings and $12,778 racing dinners and gennaker run dinners and Fast Track dinners and seminars and training and clinics and new members parties and Memorial Day BBQ and youth rides, gift cards for GMM, flag tape for dinghy games, Berkeley Yacht Club room rentals for General Membership Meetings, decorations for City of Berkeley winterwaterfront festival and lighted boat parade, cruise dock fees, food for cruises, snacks for clubhouse, coffee for clubhouse, paper towels, food for dinghy games party, used child wetsuit, cocoa, oil, cakemix, pizza and soda and ice for windsurfer party, software for keelboat lessons Keelboats--bottom paint and equipment for J/80, Merit 25 rudder, haulout $20,024 Meritorious, Haulout Commander Donald, keelboat engine service parts, hull cleanings, haulout supplies, wiring supplies, part for broken motor mount, J80 mast removal and reinstall supplies, hull cleanings, wiring supplies, fender, cleaning supplies, halyard, throwable cushion, line, fenders, twine, windex, cam cleat, blocks, ball, tiller extension socket, shackles, sail stops, cleats, teak plugs, battery box, cleats, strap, guide, LED bulb, cam cleat riser base, deck plates, caulk, jib fairlead car, motor mount, track slides, fasteners, placards, cushions, fast pins, -light, twine. boat hook, fenders, tubing, lube spray, grease, block, hooks, hose clamps, rig tape, snakes, fuel connectors, sail cover fasteners, winch handle, hasp, cable, swages, Commander forestay, fasteners, calendar, fasteners, screwdrivers, winch repair kit, hiking stick socket, J80 furler key, sail repairs, keelboat engine parts City of Berkeley--rent on clubhouse and yard space $12,084 Use tax on wholesale purchases, sales tax, DMV registration, corporate $8,840 statement filing fee, state income tax filing fee, Berkeley business license, property taxes on boats and yard space possessory interest and streetlight assessment Safety Equipment: 15 Excel and 10 Decathlon wetsuits, warranty $3,995 exchanges on VHF dayleader radios, 20 Stohlquist Escape PFDs, postage to ship wetsuits for repair, sunscreen, dayleader PFDs, 1st aid supplies, 3 used wetsuits, charger cradle for VHF radio, helmet, batteries for keelboat SOS lights, disposable gloves, 6 pcs used foul weather gear Bank--credit card processing, bank fees $5,365 Rescue skiffs--466 gallons gas, parts for engine annual service, oil, fuel $4,050 tank, throttle and gearshift cables, cotter pins, propeller, wiring supplies, socket, caulk, thru-hulls for skiff bilge pump discharge, propeller guard replacement and repairs and supplies for guard fit jig, skiff trailer wheel parts, caulk, steering cable, fuel line and primer bulb, grease, fuse diode, silicone sealant, drill bit, fasteners, spare keys Tools--drill bits, grommet tool, wrench, wire wheel, trash bags, blow gun, $704 angle grinders, sander backing pads, flap wheel, tap, tap handle, spray paint, torch propane tank, brushes, knives, dremel tool part, riveters and replacement jaws for repair, safety glasses, clamps, rotary files, sockets and adapters, sanding discs, sander belts, gloves, hole saw, sander, screwdriver, hitch pins, scissors Communications-- DBW meeting expenses, shipping costs for returns and $2,242 piece of failed Quest cockpit floor and damaged propeller guards, website software licenses and subscriptions and fees and hosting, email service subscription, Iwindsurf subscription for clubhouse wind checking computer, brokers fee for windsurf boards (misapplied customs duties were refunded), copying signs and signout books and Open House flyers Office Supplies--tax return software, labelmaker, tape, notarization for $214 SAM.gov letter, stamps and checks for Treasurer Total Spending $245,361

Budget for Next Fiscal Year Excomm adopted the following budget for the 5/1/2020 – 4/30/2021 fiscal year. It is only intended as an interim budget, due to the present shutdown, and is based on ad hoc assumptions about reopen date, dues, dayleaders, etc.

Fiscal Year Budget

Expected Income Memberships (Regular and windsurf locker) $130,600 DBW reimbursement $40,424 UC Work-Study Reimbursement $18,700 Donations, surplus sales, interest, etc. $6,000 Total Income $195,724 Authorized Spending Club activities $11,200 Dinghies and rescue skiffs $30,700 Windsurfing $35,400 Keelboats $22,000 Dayleaders $74,100 Clubhouse and Yard $10,800 General Overhead $46,000 Total Spending $230,200

Big thanks to everyone who worked hard for the club, and to all the generous members who donated and renewed during the time we had to stay closed!