QUARTERLY JOURNAL FROM THE CRUISING YACHT CLUB OF SOUTH AUSTRALIA TRAVELS OF JEMMAROO RAPIDO TRIMARANS CRABBING DAY TUNA FISHING OYSTERS ALIVE AUSOCEAN NATURE WATCH JUNE 20191 2 CRUISING YACHT CLUB OF SA THIS ISSUE BOARD OF MANAGEMENT President Dominic Rinaldi 4 PRESIDENT’S REPORT Treasurer Robert Ferguson 5 AT THE HELM WITH OUR GM Geoff Boettcher Brett Brown 6 COMMODORE’S REPORT Peter Hall 8 CLUB NEWS David Murray Chris Wood 10 MARINE ACADEMY REPORT 11 RACING REPORT FLAG OFFICERS 12 CATCH OF THE DAY Commodore Jacqueline Heffernan Vice Commodore John Sibly 13 OYSTER UPDATE Rear Commodores Adrian Wotton 14 CRABBING DAY Jeff Dinham 16 TUNA FISHING PATRON The Honourable Kevin Scarce AC CSC RANR 18 BOATS AT THE CLUB 20 THE TRAVELS OF JEMMAROO STAFF 24 RAPIDO TRIMARAN Adam Hays General Manager 25 THE MOËT CUP Financial Controller Kerry O’Brien Admin & Operations Manager Jenny Krogdahl 26 MARINE MAMMAL REGULATIONS Marina Segodina Finance Manager 28 AUSOCEAN Marketing & Communications Mellissa Vahoumis Member Services & Reception Sarah Belton 30 MINUTES OF THE CYCSA EGM Marine Academy Coordinator & 33 CRUISING UPDATE Boating Administrator David Royle Events & Marketing Services Susan Laird Head Chef Anthony Berthet Port Vincent Marina Manager Rob Marner 14 COMMITTEES Members Committee Chair Jacq Heffernan Fishing Association Chair Vlad Humeniuk Racing Association Chair Mike Holmes Cruising Association Chair Adrian Wotton Social Association Chair Rosemary Gould LIFE MEMBERS Arthur F Carolan Geoffrey R Catt Richard H Fidock AO 24 Graeme L Footer John D Gerard James A Henry (Dec’d) Malcolm A Kinnaird AC (Dec’d) Peter J Page (Dec’d) EDITORS OF GROUNDSWELL Gay Footer, Mellissa Vahoumis, Pat Catley, Dianne Schwerdt, Pamela Tse Advertising & contributions to Mellissa: Telephone: 08 8248 4222 [email protected] Email: [email protected] Web: www.cycsa.com.au Groundswell is the official journal of the Telephone Port Vincent: 0414 611 110 Cruising Yacht Club of South Australia Inc Lady Gowrie Drive, North Haven PO Box 1020 North Haven SA 5018 Registered by Australia Post 28 Publication No PP565001/00184 ISSN 1039-4230 Printed by Newstyle Printing Graphic Design by Mellissa Vahoumis Cover image: School’s Out, end of the Summer Twilight Series. Photo by Jo Pilmore 3 PRESIDENT’S REPORT I am honoured to have been elected by the Board of the Cruising Yacht Club of SA to the position of President of the Club and all its Controlled Entities. of the view they were not given sufficient time to consider and understand the proposed changes. Firstly, I would like to acknowledge my predecessor Chris Wood. Chris continues to act as a Director of the CYCSA and proposes The Board has since arranged an information meeting which to do so until the next Annual General Meeting. He has worked was held on 16 May 2019. Based on my discussions with various tirelessly for the Club in his capacity as both Treasurer and President. senior members and previous presidents I am satisfied many of He has played a proactive role in establishing and improving financial the concerns members have had in relation to the proposed systems that provide accurate and timely data for the Board. He changes can be accommodated and I look forward to civil, open was instrumental in negotiating the sale of the ramp and once the and robust discussion at the information session. ramp deal was negotiated he continued to agitate public servants to ensure the transaction was settled in a timely manner. His work ethic and commitment to the Club has been unequivocal and he will Sinking Fund Investment Committee be missed once his term expires. I thank him for all his past efforts The Board has established the above committee to invest at the Club. and manage the proceeds of the ramp sale. The committee Going forward, my objective is to continue running the Club for the is comprised of myself, Rob Ferguson (Treasurer), Peter Hall benefit of all members. The Club is an important part of many of and Kerry O’Brien. The committee has sought submissions our lives and a key objective of the Board must be that we ensure from two reputable stock brokers and at this point in time members are satisfied with all aspects of its operations. has engaged Guy Collison as a consultant to the committee. The committee reports to the Board quarterly and funds My plan is to continue with the high level of transparency the Club performance is tabled at every Board meeting. has continued to promote in recent years. In this regard we have an open door policy in relation to all aspects of the Club. So if An investment strategy has been prepared by the committee members have any questions in relation to the operation of the and approved by the Board. The committee has invested Club, please feel free to make a time with our General Manager to the bulk of the funds in blue chip stocks together with some discuss any concerns. The Flag Officers can also be used as a means managed funds and cash. The value of the portfolio at the time of communications and a conduit to the Board. of writing is $5.78m which is 6% greater than the original investment. Of the total balance invested cash and preference shares make up 11.5% of the total portfolio. The operation of Financial Performance the Sinking Fund will be discussed at the information night and At the time of writing we are currently 11 months into our financial members will be updated on the value of the fund at the AGM year which ends on 31 May 2019. The Club remains in a strong and any other member’s meeting as required. financial position with year to date figures to March 2019 showing a net profit before interest and depreciation of approximately Master Plan Committee $471,000. Whilst this is slightly down from budget I am of the In the last edition of Groundswell the President advised the opinion that next year it will improve as a result of some of the Board had agreed to a new Club master plan. The plan will changes that occurred during the course of this financial year. Most help the Club steer the future capital works and any building divisions of the Club have performed in accordance with budget. additions and refurbishment. I can advise that the master Hospitality sales have increased from last year but the Club has not plan committee chaired by David Murray has invited two been able to achieve a level of wages which is consistent with our architectural firms to develop a master plan to guide the benchmarking and as such our profit has been below budget. This is development of the Club’s infrastructure over the next ten an ongoing task for management to pursue desired metrics without years. The master plan committee, whose task it is to assess sacrificing quality of service. the submissions, has now received both written and verbal presentations. The committee will present the submissions at the next Board meeting where a decision will be made by Extraordinary Meeting of Members the Board in relation to the selection or otherwise of the Members are no doubt aware that at the Extraordinary Meeting appropriate firm. of Members held in February 2019 the members were asked to approve a motion to change the Constitution of the Club. The effect The season has now closed and winter is on its way. Winter of the motion would have been to: can still be a fantastic time to get out on the water or just enjoy • Establish a sinking fund the income of which would be used to the warmth of the clubhouse with your crew and friends. maintain above water assets. Look out for special winter slipping rates to get your boat • Approve the implementation of Electronic Voting for the Club. ready for the next season and lock in Saturday 26 October for • Change the date of the AGM from August to September so Opening Day. members can have more time to review annual reports prior to the AGM. At this Extraordinary Meeting of Members it was resolved that a Dominic Rinaldi vote on the proposed changes would be delayed as members were President 4 FROM THE HELM The Club’s annual Racing Presentation Evening was a great success with strong numbers in attendance to celebrate and congratulate all the season’s winners. Special mention must go to Richard Harries, chili and garlic crabs were particularly good, so no wonder it’s Brett Brown and Ian Metcalfe of Magic who took out the 2018/19 such a popular day on the Club’s calendar. Yacht of the Year and Geoff Boettcher and Secret Mens Business Sunday Sessions have finally wound down - thank you to all who who took out Racing Excellence Yacht of the Year for the second supported this through the summer months and we will look successive year. Congratulations to all winners over the season and forward to recommencing this from October 2019. well done to Mike Holmes and David Royle for their efforts putting I would like to welcome new Club Gold Sponsor JLT. In a nutshell the night together. JLT offer our members a band together and group their very My first six months at the CYCSA have gone in what feels like the own discretionary insurance fund. Safe boaters can enjoy all the blink of an eye and even though activity quietens down during the benefits a large group buy in can offer with many premiums being cooler weather spell, my team are continually striving to implement substantially lower than individual policies.