Bylaws and Standing Rules
The current Nevada Yacht Club bylaws, passed in October 2007, are here.
Standing Rules for the Nevada Yacht Club
Administrative
Annual Billing - the membership chairman will print and mail invoices to all members and any who might be interested in renewing their memberships no later than December 1st.
The Membership chair will strive to keep the club roster up to date to ensure an accurate annual billing. S/He will provide a roster to members when they request one.
On or about January 1st of each year, the Registered Agent for Nevada Yacht Club, Inc. Nexstep Innovations LLC, will renew the list of officers after the Secretary of the Club provides them with a list of officers for the new year.
The list of Officers on file with the State must be updated annually and no later than September 30. This is the anniversary of the corporation’s creation.
Nexstep Innovations phone: (702) 953-4902 Website: http://nsinevada.com/home.html
Budget
The annual budget for the coming year shall be approved by the general membership at the October meeting preceding the budget year.
The Executive Board will approve the budget before presenting it to the general membership for approval at the October meeting.
Meetings
General meetings will be held monthly on the third Friday of each month at 1930 hrs.
There is no general meeting in November or December. The annual installation of officers is held in lieu of the November meeting.
The Executive Board will meet monthly at the discretion of the Commodore, on the second Thursday of each month at 1830 hours.
At the October 2008 meeting, the club agreed to not schedule general meetings in the months of June, July and August.
Capital Fund
At the May 16, 2008 meeting, the club voted to set the balance of the capital fund at the final balance of the time deposit in March of 2009 less $4,000 (motor fund balance). The estimated balance of the time deposit account in March of 2009 will be $14,000, so the capital fund will have approximately $10,000 at that time.
Contributions to the fund will be made at $25 per member per year. This amount will be physically placed in a separate checking account as new memberships are received. At the October 2009 meeting, the Club voted to suspend contributions to the Capital fund until the Board recommends reinstatement of contributions.
The purpose of the capital fund is for long range plans.
At the October 2008 meeting, the club voted to transfer an additional $4000 to the capital fund from an excess of cash on hand at year-end. The capital fund will have approximately $14,000 in it when the time deposit matures in March of 2009.
At the October 2009 meeting, the Club voted to withdraw funds from the Capital fund to purchase a committee boat. The approximate amount was $1600 to make up the difference between the purchase price of the new boat and the sale price of Grillville plus the balance of the Motor Fund ($4000).
Motor Fund
*The Treasurer will allocate $2500 each year to a fund to be considered a motor fund for the purpose of puchasing replacement engines for the NYC committee boat when the federal requirement for four-cycle engines on Lake Mead becomes operative on January 1, 2013. The starting balance of the fund was $4,000 as of the general meeting on 3/21/08. This plan will accumulate $14,000 by the summer of 2012 when replacement compliant engines will be purchased and installed on the committee boat.
A transfer of $2500 will be made on July 1st of each year starting July 1st of 2009.
*At the October 2009 meeting, the Club voted to not make the 2009 contribution of $2500 to the Motor Fund. They voted to use the total balance of the Motor Fund ($4000) to purchase a new committee boat.
The Club also voted to stop contributions to the Motor Fund indefinitely.
Club Calendar
The Executive Board will start to compile a calendar for the coming year in September. In addition to the racing schedule of the Club, the schedules of the Lake Mead Sailing Club, Hobie Fleet 51, the Sail and Power Squadron, all holidays (federal and local) and personal events will be considered when choosing dates for NYC events.
The calendar will be finalized at the October meeting of the club.
At the October 2008 meeting, the club voted to allow changes to the calendar by a majority vote of a quorum of members at a business meeting of the club. Members desiring to change the date or time of an event will bring the request to the Commodore and S/He will put the item on the agenda for the next meeting for a vote of the members.
