Members Half-Yearly Review
Members Half Yearly Review- in place of Members Half Yearly Information night cancelled due to Covid-19 restrictions.
As you are aware the mid-year members information meeting has been cancelled due to the COVID-19 restrictions. In this regard the Board thought it appropriate that those Board Members and Management who were scheduled to provide an update on the night would instead prepare a report for the dissemination to all Members of the Club.
Please find below reports prepared by both the Treasurer and General Manager detailing both the current financial results of the Club but more importantly an understanding of the road map going forward bringing to account the effect of COVID-19 restrictions coupled with the financial assistance expected from both the Federal and State Government.
Both the Treasurer Mr David Roper and I have been in constant dialogue with the General Manager and Chief Financial Officer of the Club with a view to discussing a road map to navigate ourselves through this COVID-19 crisis. We continue to address the far reaching and fast changing consequences of the COVID-19 pandemic.
The Government made directions on the 23rd March 2020 in relation to closure of the bar and bistro. This left management with the regrettable task of standing down a majority of our highly valued bar and bistro employees. We have however maintained our management staff, maintenance staff, together with our permanent hospitality staff. Since the original announcement the Federal Government has recently legislated some financial incentives which mitigate the cost of retaining these employees. The plan going forward is that the marina will be physically maintained, the administration will continue to operate, and the kitchen is selling take home meals which are proving to be very popular with both Members and the public.
Our Management is suggesting we may well be able to battle our way through this crisis without a materially adverse effect on our financial position.
The primary focus of the Board is first and foremost to ensure the safety and welfare of members and staff while prudently managing the financial impacts of the measures undertaken to date.
With kind regards at this very challenging time.
Dominic Rinaldi, CYCSA President
General Managers update
These current unprecedented times have certainly thrown a few curve balls for which we are navigating through on an almost daily basis.
As with many businesses out there our focus has been on our clientele, in this case you the Member, and our staff. We have been doing everything to ensure the minimisation of risk to our Members by reacting immediately to legislation and best practices passed on by the Government and associated agencies. We thank the members for their patience and understanding during this time as we’ve ceased allowing access to popular areas such as the members lounge, Kinnaird room and BBQ area to discourage gatherings. At this current time, I remind members that you may still make use of your boats if you’re adhering to the current social distancing regulations. Additional hygiene measures and strict cleaning rosters have also been implemented within the clubhouse.
Like many businesses with a hospitality element it was unavoidable that our casual staff members were stood down through this time. We continue to communicate with them, assisting with the support currently being offered to the many affected hospitality fraternity through Government initiatives. We very much look forward to these staff members returning to work and some normality in the future to continue building the Bistro and Function reputation that was growing so promisingly prior to the COVID-19 outbreak.
We thank both our membership base and the local community for the outstanding support by way of patronage of our takeaway and home delivery menus. The Heat & Eat options have also proved very popular with customers loading up the freezer during this semi lock down period. Many of our members are also using their remaining hospitality credit to have restaurant quality meals together with a bottle of wine at very affordable prices. The refreshments and alcohol sales have been very encouraging over this period.
The Board have made the decision to place on hold any new Capital Expenditure allocation until the current climate returns to normality, and we can assess the impact that the COVID-19 pandemic has had upon the business.
Initiatives that are continuing and will be seen through to a result are:
- The new Crane which should be arriving from Germany in July for installation
- Engineering solution for the new Slip winch installation
- The upgrading of the Marine Academy training vessel
- Masterplan to Phase 1 completion
Initiatives that have been placed on hold until a return to normal trading:
- Youth Sailing Foundation
- Port Vincent Clubhouse Development
We will continue to communicate with you frequently throughout this period of uncertainty as we navigate around and look at alternatives for events like the Racing Presentation dinner, other club / social events and AGM. Thank you for your patience and continued support.
Stay Safe, regards
Adam Hays, CYCSA General Manager
To view the Treasurer’s Update [click here]