Camden Yacht Club

“The officers and directors and honorary directors are elected at the annual meeting and take office the day after labor day each year.”

“Amendments to the by-laws may be made upon the favorable report of the board of directors at any meeting of the membership of the club by a two-thirds vote of all members present. Amendments to the consititution may be made at any annual meeting by a favorable vote of two-thirds of the members present at such meeting. Such proposed amendments must be approved by the board of directors and posted on the bulletin board at the club house for at least 30 days prior to the annual meeting, except that the provisions with respect to posting may be waived by unnimous vote at the annual meeting.”

“No review was or will be conducted.”

“ANNUAL REVIEW”

“No documents available to the public”

“Purpose of promoting all aspects of boating by providing:facilities to support operational needs, programs related to social and educational activities afloat & ashore. As a member of the wider community, cyc, at its discretion makes available certain programs for the benefit of non-members.”

“Depreciation - launch 0 19,042 0 maintenance costs 0 14,170 0 cost of merchandise sold 0 7,586 0 miscellaneous launch 0 6,332 0 launch admin costs 0 5,604 0 depreciation food service 0 4,598 0 launch oil and gas 0 1,872 0 miscellaneous 0 876 0 vehicle expenses 0 747 0 drug screening - launch 0 687 0 food service - non-member 0 676 0 admin costs 0 130 0 total 0 62,320 0”

“Book / tax depreciation difference -48,974 ppp loan forgiveness 44,058 forced depreciation 48,940 forced amortization 34 total 44,058”