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1V 8 Vespoli Boat Proposal

1V 8 Vespoli Boat Proposal. JMCBO November Board Meeting November 13, 2012. Agenda. Membership Update Equipment Inventory Guiding Principles Boat Fund Incremental Cash Flow Analysis Total Cash Flow Next Steps. Membership Update. 85 Registered 22 Varsity Men 23 Novice Men

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1V 8 Vespoli Boat Proposal

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  1. 1V 8 Vespoli Boat Proposal JMCBO November Board Meeting November 13, 2012

  2. Agenda Membership Update Equipment Inventory Guiding Principles Boat Fund Incremental Cash Flow Analysis Total Cash Flow Next Steps

  3. Membership Update • 85 Registered 22 Varsity Men 23 Novice Men 24 Varsity Girls 9 Novice Girls • Expect attrition of 2 – 3 based on historic data • Planning for team of 82

  4. JMCBO Equipment Inventory8 Eights / 4 Fours

  5. Guiding Principles • 3-5 Yr Plan Outcome (cover in December meeting) Establish “Boat Fund” line item Cash reserve • Decision point late Nov/Early Dec • New vs. Used • Lease vs. Loan, vs. Outright purchase • Incorporate all aspects of boat purchase Oars, Cox Box, Speed Coach, Insurance, Storage

  6. Boat FundIncremental Cash Flow Analysis Income: $19,000 Expenses: $3,000 Dues Athlete Fundraising Learn-to-Row Ergatta $10,000 8,000 1,000 1,000 Insurance Shell Storage Hospitality/Banquet $1,000 1,000 1,000 IncrementalNCF: $16,000 Budget Cash Flow: $ 8,000 CF avail. for DSO & Boat purchases: $24,000

  7. Total Cash Flow Analysis CF avail. for DSO & Boat purchases: $24,000 Cash Flow after Feb. 1st: ($15,000) Cash Flow before Feb. 1st: $ 39,000 WorkingCapital Fund Boat Fund Total Cash Balance: 7/31/12 $10,000 $33,000 $43,000 Loan payments (Aug. – Nov.) Loan payoff (Dec.) - estimate (4,000) (3,000) 39,000 36,000 Cash Flow Aug 1 to Jan 31 39,000 75,000 Purchase Boat (40,000) 35,000 Cash Flow Feb. 1 to July 31 (15,000) (15,000) Balance: 7/31/12 $10,000 $10,000 $20,000

  8. Thank you

  9. JMCBO Membership Detail

  10. Boat Depreciation Schedule Y Axis: Value, as % of purchase price X Axis: Age of boat

  11. Vespoli V1 Hull Facts / Warranty • Ultimate in performance and durability • Constructed of multiple layers of intermediate modulus, unidirectional carbon fiber and Nomex Honeycomb cured at 250 degrees • Features the unique ‘rhino skin’ (ultra-dense carbon layers) providing maximum impact resistance and stiffness • Available in revolutionary E hull or stable Advantage hull designs • 10-year hull warranty & 5 Year Bow to Stern Warranty

  12. Vespoli V1 Hull Warranty / Features Signature ‘Rhino Skin’: multiple layers of ultra-dense exterior layer of higher stiffness carbon fiber for the greatest impact resistance. Four "size specific" E hulls (S, M, L & XL) Wing or Euro (side-mount) riggers on E hulls Quick Disconnect Riggers (Optional) Euro side mount on Advantage hulls Fully-adjustable, VHP shoe system (US Patent) Fully-adjustable carbon fiber footboards Carbon fiber seats with super bearing undercarriage (11.5" wheel centers) 316 Marine grade stainless steel fasteners and anodized or hard-coated aluminum parts

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