2. Yachting Victoria Half Yearly General Meeting
March 20th 2017
Royal Brighton Yacht Club

3. Half Yearly General Meeting 2017
1. Open Meeting & Welcome by President, Cherry Birch
2. Apologies
3. Minutes of previous meeting
Motion that the Minutes of the Annual General Meeting held on Monday 19th September 2016 at Port Melbourne Yacht Club be approved
4. Business Arising from the Minutes

4. Half Yearly General Meeting 2017
President’s Update
Role of the MYA Board
Committee Reviews
Sailing World Cup and beyond
State Sailing Centre
Communications
Wind, Water & You promotional campaign
Newsletters
Performance Program Appraisal
Participation Census
Club Satisfaction Survey

5. Half Yearly General Meeting 2017
President’s Update
Role of the MYA Board
Continue to be responsible to their member Clubs and Classes for:
Safeguarding the efficient delivery of quality services to their member Clubs by Australian Sailing;
Providing advice and representation on State/Territory priorities and issues;
Providing regular input into the development of national strategy and priorities;
Holding the Australian Sailing Board to account;
Managing retained local assets and investing returns into priority areas as determined by the MYA Board.

6. Half Yearly General Meeting 2017
President’s Update
Role of the MYA Board
Committee Reviews
Sailing World Cup and beyond
State Sailing Centre
Communications
Wind, Water & You promotional campaign
Newsletters
Performance Program Appraisal
Participation Census
Club Satisfaction Survey

7. Half Yearly General Meeting 2017
6. Treasurer’s Update on YTD February 2017
AS Financial Operations
Review of reporting
AS 6 months to December $200k negative variance - budget did not reflect seasonal variances
Reforecast showing surplus for full year

8. Profit & Loss YTD February 2017
Revenue $
Sailing World Cup Revenue
656,642
Interest Received
3,234
Other Income
3,543
Profit On Asset Disposal
30,704
Total Revenue
694,123
Expenses
Sailing World Cup Expenses
572,069
Administration Expenses
4,582
Provision for Doubtful Debts
5,000
Sundry Expenses
3,251
Depreciation Costs
42,440
Total Expenses
537,342
Profit / (Loss)
66,781

9. Balance Sheet as at 28 February 2017
Assets $
Cash At Bank
519,301
Accounts Receivable
73,235
Other Current Assets
7,875
Fixed Assets
188,508
Total Assets
788,919
Liabilities
Accounts Payable
123,902
Revenue Received in Advance
334,199
Total Liabilities
458,101
Net Assets
330,818
Current Year Earnings
66,780
Retained Earnings
264,038
Total Equity

10. Half Yearly General Meeting 2017
7. Motion in relation to Membership Fees
Motion that in accordance with Rule 12, the annual subscription for each member Club Category for the 2017/2018 financial year be increased by CPI for the year ending 31 December 2016 of 1.5%.
Proposer: Ian Cunningham
Seconder: Cherry Birch

11. Half Yearly General Meeting 2017
8. Australian Sailing Update
Discover Sailing
Performance
Governance
Officials
Events
Upcoming Events
Victorian Instructors Conference 17 June RBYC
Victorian Sailing Awards 18 June SYC
Regional Roadshows June / July
Victorian Club Conference 12 August SYC

12. Half Yearly General Meeting 2017
9. General Business
10. Next Meeting
Annual General Meeting – Monday 18 September 2017 at venue TBC