Thu, Aug 17, 2017

COMMODORE’S CORNER - May 2017

Dan roundIf you were in town and not too worn out from the many fun ashore parties and entertainment nights that many times followed a very active sailing competition season, you attended the Annual General Membership meeting in March.  The outgoing Board reviewed its extensive list of accomplishments over the past 12 months, announced changes to the Flag membership and dues structure, approved changes to the Bylaws to allow a temporary membership to transient yachtsmen and regatta participants and elected the Officers and Directors for the 2017/2018 term. 

 

Those elected and appointed to lead the Club for the next year are as follows:

Commodore       

Dan Green

Ashore Activities

Doreen Salle

Vice Commodore

Ricki Williams

Afloat Activities 

Andy Barrow**  

Rear Commodore

Open

Junior Sailing

Linda Green

Treasurer 

Mario Antoci

Publicity

Richard Williams

Secretary

Jeanie Benaroya *

At Large

Sandy Barnett

Paradise Village

Dick Markie **

Membership/Volunteerism

Dianne Hall/Gustavo Ramirez

Note: * New Board Member  ** Appointed Director

In addition to matching or exceeding last year’s excellent afloat and numerous variety of ashore activities, this new Board faces the final two significant changes to secure the financial stability of our Club: Membership and taxation.

FIRST. As a government recognized “Sports Association” we are lawfully exempt from Club income tax and, Members IVA taxation in most cases other than the restaurant, bar, merchandise and slip rental (if not paid to the USA 501c (3) Vallarta Sailing Foundation). But, to maintain the exemption from income tax, our food and drink sales to non-members must NOT exceed 5% of total Restaurant and Bar sales.

To answer the need to better control the admittance into the Club and the privileges of membership, all members are requested to always carry their member cards on their person and that all members (especially Board Officers and Directors) wear their member badges at special events.  The staff is to receive specific instruction to enforce the Club’s membership policies and, if not sure of a person’s member status, to require that VYC or Reciprocal YC membership identification be available.  The Board was asked to give additional thought to restore the “Officer of the Day” practice to welcome prospective members properly and to ensure compliance to the Club’s admittance policies and Rules.  A Task Force is also being formed to assess the best ways to accomplish this responsibility.

To fully comply with membership status of regatta and conference participants, in an Extraordinary Meeting held during the 2017 AGM, the attending members voted to amend the Club Bylaws to recognize the additional membership class “Socios Transe” for registered competitors, race officials and race committee personnel.  It is of utmost importance that these members be issued numbered credentials and the regatta registration and inscription (i.e. Dues) be properly maintained in the regatta files.

SECOND.  As was announced at the 2017 AGM held this past March, the dues structure affecting all Plank owners, Gold Flag and Red Flag members has been changed to “Part-time” and “Full-time”, that provides a choice of either 6 months or 12 months annual full use of the Club’s facilities.  The annual dues amounts are $500.00 and $850.00 if paid in whole in advance.  If Part-time is paid $87.50.00 monthly for six months, the total is $525.00. If Full-time is paid $75.00 monthly for 12 months, the total is $900.00. This increase becomes effective with the member’s anniversary date.  The 2 and 4-month minimum remains in effect if the member is NOT in the PV area for a year or more.

Note:  A Committee is currently studying the effect on other classes of VYC memberships.

Our two signature regattas (Banderas Bay and WesMex) were again successful.  And, in late April, VYC hosted the 2017 J70 National Championship with a registered 20 boats and 125 competitors, race officials & support personnel and family members.

Starting with the Club’s 15th Anniversary Opening Day other events occurring in November include the Regata Dia de Revolucion, Junior Sailing Fundraiser and the San Diego YC‘s arrival of the CUBAR fleet.  CUBAR is a power boat rally conducted every other year.  And, we’re told we can expect to see around 20 boats coming into the Paradise Marina.  VYC members will be asked to greet each boat with a Welcome basket, beer cart and host a Tequila, Vino, Cerveza and Tacos” fiesta.

When at the Club are you bothered by having to use the public bathrooms downstairs?  We’re going to fix that annoyance with the construction of a brand-new member’s only bathroom adjacent to the 2nd floor outside deck. This bathroom addition is provided by the management of Paradise Village group of companies.

Lastly, I want to wish you all a very enjoyable summer and I, along with your Board of Directors and Club staff look forward to welcoming you back in the Fall.

Dan Green

Commodore

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COMMODORE’S CORNER - ¡Feliz Año Nuevo!

Dan round¡Feliz Año Nuevo a todos! If you were among the fortunate 100 members attending the VYC New Year’s Evening dinner party, you know we all shared a fantastic time to welcome the New Year. Cocktails began at 8:00 pm and the live band started promptly at 8:15. Within 30 seconds, the dance floor filled with enthusiastic revelers. And, stayed full until 9:00 when the band laid their instruments aside and the Club’s wait staff quickly brought out two of the three course dinner. After a splendid “surf and turf “bit of nourishment, the band returned, chairs were emptied and the dance floor once again erupted; and stayed so right up to the final countdown to midnight. I also observed that the number of members having Thanksgiving and Christmas Eve dinner was twice that of previous year!

As I noted in last October’s Commodore’s Corner, our Club being recognized by the Mexican government as a “Sports Association” entitles us to various tax breaks. One of which is the exemption from any income tax. Obviously, this is rather meaningless to VYC on an annual basis, but, because Mexico tax law requires full tax reporting on a monthly basis which would seriously negatively effect our cash flow during the high season.

The other significant tax benefit is the exemption for IVA taxation on Dues and Donations. Although we are not a designated “Donatario” that can offer a personal tax deduction, we now do exempt our members from IVA tax on dues and donation payments, I am sure you remember that from January 1st of 2016 a 16% tax was applied to all dues and donations (as well as all purchases for goods and services). And, we were required to file these “end user” funds with our tax returns. Beginning in August we acted upon legal and accounting advise that we were no longer subject to IVA taxation on dues and donations. However, we decided to continue applying the 16% IVA as a precaution that the SAT (Mexican IRS) might disagree with our exemption. At the end of January, 2017 we will have had six months of tax filings without any comment from the SAT. Much more on this and other subject matter will be presented at this year’s Annual General Meeting.

I would be remiss if I didn’t warn you to be prepared to have loads of fun both Ashore and on the water during the remainder of the high season. Catch it all on the Club’s website. And, make sure you are receiving the Vallarta Yacht Club Bay Calendar every week reminding us of what is ahead for the next two weeks.

Dan Green
Commodore

"Read More" para espaniol

COMMODORE’S CORNER October 2016 / RINCÓN DE COMODORO octubre del año 2016

For the past week or so, we continue to see some “early arrivals” members returning to the Puerto Vallarta area and receiving the warm welcome of our staff and those few year-around members such as Linda and myself.

Following the extremely active two months of the Laser Worlds Championships, activities at the Club suddenly slowed to almost a halt.  Even the Junior Sailors were still in school on into July.  Consequently, our normal weeks of young sailors’ week-long camps were delayed until late July and early August.  But, they were well attended and many of the local attendees have returned as regular VYC Youth members.

Our routine summer facility clean-up was also delayed so that the above “early arrivals” are catching our staff either on vacation or in jeans and T-shirts cleaning, painting, repairing or replacing items around the facility.  Chef Israel is getting ready with a new menu for the high season, which starts in October 2017.

Besides conducting the Junior Sailing summer camps, two large private parties and two very successful Sunday Family Days, there has been few bar and restaurant income producing activities  However, our staff has helped us to be able to keep everyone employed.  Sadly, though, Christian did tell us of his plan to relocate to Guadalajara to be with his wife and to renew his educational studies.

Commodore's Corner - June 2016

As many of you know, the 2015/2016 High Season got off to a slow start with the Opening Day occurring with only one-third of the membership actually being present in the Banderas Bay area. Maybe most members arrived later because their Farmers’ Almanac predicted a hot November-December 2015. And it was definitely correct! With the announcement in September, we did see a surge of interest in the Gold Flag membership and its benefits to our existing regular Flag members. This Gold Flag category may not be for everyone; but for many, it is a really good deal. If you are not familiar with this category, you owe it to yourself to contact Rudy or myself for details.

In January we experienced some cooler weather, but it was accompanied with some very unusual rainy days. Nevertheless, the Club went into full swing activity mode with a spectacular shore side entertainment schedule (even the Stick Horse Races returned ) combined with our annual Saturday Vallarta Cup races. February through March continued heavy activity at the Club and the Annual General Membership Meeting. If you did not attend the AGM meeting, I strongly suggest you read the Minutes to learn of the Club’s financial status and the actions taken by your Board and Staff to return the Club back to financial stability. Elections were held with the following 2016/2017 elected Officers and Board Directors:

Commodore Dan Green Afloat Activities Andy Barrow
Vice Commodore Ricki Williams Ashore Activities Doreen Salle
Rear Commodore Bill Noonan Junior Sailing Linda Green
Secretary Sandy Barnett Membership Gustavo Ramirez
Treasurer Dick Locke Public Relations Dick Williams
Paradise Village  Dick Markie    

Mostly because the Vallarta Yacht Club was honored to host the 2016 Men’s’, Women’s’ and Masters’ World Championships, the Mexican Sailing Federation (FMV) was inspired to form the 2016 FMV Cup. This umbrella organization brought together the bi-annual San Diego – Vallarta Race with the accompanying MEXORC Regatta and VYC’s signature Banderas Bay and WesMex Regattas culminating with the 2-month long Laser World Championship finishing on the 28th of May. A truly beautiful picture of hundreds of boats filling the Banderas Bay for five (5) consecutive months!!! Many thanks to all of you that served as volunteers, our “Little Club that Does” has earned its reputation as being among the world’s best favored Yacht Clubs.

Lastly, I want to advise you of the construction projects taking place during the summer months that will affect available parking. These projects are the 1) Renovation of the bottom floors of the Tonino building, 2) Reconstruction of the boat ramp and 3) Addition of downspouts to eliminate water ponding on the Club’s roof.

Look for more on this in upcoming Commodore’s Corner reports.

Fair winds,

Dan

 

Commodore's Corner - September 2015

This update from your Commodore contains some very important information that you will want to be aware of now, rather than later when you return to Mexico and the Vallarta Yacht Club. As I mentioned last month, we legally have been required to set-up our restaurant and bar operation as a “for-profit” business. As an immediate solution, we did take this action effective in August. But, we are still working out the details. Changes that you will see become very prominent when you open the menu and notice two changes:

  1. There is now only one price for each item. Members will receive a 25% discount. Any non-member (or delinquent dues member) will need to pay the full menu price. Plankowners and Gold Flag members receive a 40% discount.
  2. We now are required to pay a 16% Value Added Tax (IVA) onto the amount actually paid for food and beverages. Thankfully, the value of the MXN Peso seems to be holding steady below its high mark of 17 pesos to the US Dollar.

Now for some good news!

You will recall that last month we announced our successes in reaching four major negotiation terms with Paradise Village management that will continue to be of benefit to our Club. And, that this Spring we have been able to establish the Vallarta(YC) Sailing Foundation, a California non-profit public foundation with IRS 501(c)(3) tax benefits. And, here are two ways that combining the above functions can benefit the individual VYC member:

  • Donate $1,500.00 or more to the Vallarta Sailing Foundation and become a Gold Flag VYC Member. VYC Gold Flag members can maintain their membership with a minimum of only 2 months dues and receive an additional 15% discount on all food and beverage. Of course there is a value to these benefits (estimated at $270.00) leaving a remaining $1,230.00 effective US tax-deductable donation.

  • Rent a Paradise Village Marina 38’ to 42’ slip directly from the Vallarta Sailing Foundation. You must pay the identical rates as the Marina charges, but there is a direct Mexican tax avoidance of over $1,000.00 per year. These slips are available to VYC members with preference given to year-round applicants.

    Note from Andy: It will take a little time for us to get an online payment system set up. If you wish to take advantage of these offers now, email Dan (This email address is being protected from spambots. You need JavaScript enabled to view it.This email address is being protected from spambots. You need JavaScript enabled to view it.), or me (This email address is being protected from spambots. You need JavaScript enabled to view it.), and we'll work with you directly.

For further information about the newly formed Vallarta Sailing Foundation, or to make a donation, please see the attached FAQ sheet. Or, in regard to the above good deals and general questions, please contact Andy Barrow (925 270-0473), Linda Green (510 846-2571) or myself (510 846-0230).

Kind seas,

Dan

For detail on Vallarta Sailing Foundation, and how VYC Members can benefit, click here.

Commodore's Corner - June 2016

As most of you know, due to various scheduling conflicts, this year’s Annual General Membership meeting was postponed into the first week of April. Consequently, the installment of the new Board was celebrated immediately after being elected at the AGM. And yes, I was elected to a second term as your Commodore along with the following returning and newly elected Officers and Directors:

Vice Commodore Ricki Williams Membership Charlotte Shull
Rear Commodore Dick Locke * Ashore Activities Susie Morrison *
Treasurer Mario Antuci Afloat Activities Andy Barrow
Secretary Sharon Sax * Junior Sailing  Linda Green *
Paradise Village Dick Markie ** Publicity Sandy Barnett

Note: * New Board Member, ** Appointed Director

Last year’s Officers, Directors and various committees raised the bar to a new height for both ashore and afloat activities with a record breaking Chili Cook-off/Tast of Nuevo attendance and WesMex regatta participation as well as a great variet4y of musical entertainment evenings and, of course, the huge OPTINAM Optimist championship in July. We are well aware of your expectations for this year and we will try are best to not disappoint you.

However, this year’s Board is faced with meeting the challenge of satisfactorily resolving three different significant financial challenges described below:

FIRST. Resolve the continued unacceptable operating overall Club deficit. Although the Treasurer reported an operating result of a 111,000 peso gain (which included an OPTINAM profit of 167,000 pesos); when depreciation expense is added, we see a true loss of 89,000 pesos for the year. We will need to Identify and act on various means of increasing revenue streams and invoking carefully selected cost cutting measures.

SECOND. Take needed measures to offset the effects of the weakening peso in regard to U.S. dollar based Club expenses. One of the Club’s largest expense is the facility monthly rent which is billed in U.S. dollars. Since our peso based dues is required to meet all expenses of the fixed overhead in keeping “the doors open”, we incurred a net deficit of $10,850 USD in this category. Therefore, while evaluating the merits of cost cutting operational changes, the Board did decide to return to a USD basis for monthly dues. Effective June 1, 2015, the monthly dues is based on $75.00 USD. As pointed out at the AGM meeting; this is not an increase in our dues, but an adjustment to the basis to match the fixed expense billing and lease payment requirements.

THIRD. Come into compliance with newly enacted Mexican tax laws. Effective January 1st, the Mexican tax authority has taken several measures to offset the loss of revenue worsened by the global drop in crude oil demand. One area that effects directly on our Club functions is the legal interpretation that the Bar and Restaurant can no longer qualify as a nonprofit operation. Consequently, the Board has reluctantly decided to spin-off the Bar and Restaurant from the nonprofit Vallarta Club de Yates, A.C.. Some of these required changes are not transparent. But, you will see: 1) the elimination of the guest separate price (members in good standing will receive an automatic 10% discount off the menu price), and 2) a 16% IVA tax appearing on your receipt. Our goal is to continue providing you the very best in quality and value and we shall.

Lastly, I want to wish you all a very enjoyable summer and I, along with your Board of Directors and Club staff look forward to welcoming you back in the Fall.

Dan Green
Commodore

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