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

24 Varsity Girls 9 Novice Girls  Expect attrition of 2 – 3 based on historic data  Planning for team of 82

JMCBO Equipment Inventory

8 Eights / 4 Fours Hull

EM V1 8 DS Millennium 8 DL Millennium 8 DS Racer 8 EM V1 4 DL Ultralight 4

Manufacturer

Vespoli Vespoli Vespoli Vespoli Vespoli Vespoli

Year

2008 2003 1999 1998 2007 2004

Name

Glenn Burger Winspiration Hydrotherapy Cool Running Mirage Goliath

Hull

ES V1 8 EM V1 8 DM Ultralight 8 DS Ultralight 8 ES V1 4 DM Ultralight 4

Manufacturer

Vespoli Vespoli Vespoli Vespoli Vespoli Vespoli

Year

2010 2008 2002 2003 2009 2002

Name

Bellum Decerto Amphitrite Maverick Crew Zen Nemisis

Use

Men 1V Men 2V Men JV/LWV Men N/F Men Men

Use

Women 1V Women 2V Women JV/LWV Women N/F Women Women

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

Boat Fund

Incremental Cash Flow Analysis

Income: $19,000

Dues Athlete Fundraising Learn-to-Row Ergatta $10,000 8,000 1,000 1,000

Expenses: $3,000

Insurance Shell Storage Hospitality/Banquet $1,000 1,000 1,000 Incremental NCF:

$16,000

Budget Cash Flow:

$ 8,000

CF avail. for DSO & Boat purchases

: $24,000

Total Cash Flow Analysis

CF avail. for DSO & Boat purchases

: $24,000

Cash Flow before Feb. 1st:

$ 39,000 Working Capital Fund Balance: 7/31/12

Loan payments (Aug. – Nov.) Loan payoff (Dec.) -

estimate

Cash Flow Aug 1 to Jan 31 Purchase Boat Cash Flow Feb. 1 to July 31

Balance: 7/31/12 $10,000 $10,000

Cash Flow after Feb. 1st: (

$15,000) Boat Fund $33,000

(4,000) (3,000) 39,000 (40,000) (15,000)

$10,000 Total Cash $43,000

39,000 36,000 75,000 35,000 (15,000)

$20,000

THANK YOU

JMCBO Membership Detail

Varsity Men (22)

Alexander Zulauf Brendan Devany Daniel MacCall David Mottola Eric Theisen Gavin Hoffman Grant Phillips Gregory Blasz Henry Kennell Jack Fox Jackson Whitcup James Carlisle John Lowe Jon Thomson Rymer Joshua Luberda Kameron Kopka Matthew Weiner Michael Wascom Theo Doughty Timothy Adelberg Timothy Springsteen Zachary Diamond

Novice Men (23)

Alex Manfredi Andrew Padgett Colin Walls Daniel Tucker Dylan McDermott Eric Voigt James Moore Jordan Champ Justice Yao Justin Bringham Justin Brunjes Justin Roberts Liam Rowell Nate Schaetzel Patrick Salent Philip Estes Robbie Moore Ronuk Johol Ryan Roop Sam Revas Scott Theisen Sean Mcleod Tyler Ham

Varsity Women (24)

Alexa Shannon Alexandra Toloczko Alison Queen Carolina Ratcliff Caroline Thomas Caroline Williams Carolyn Currin Emily Marx Emma Roberts Frances Brown Francesca Gonzalez Georgia Ratcliff Grace Williams Hannah Brown Jaelen White Jessica Cammiso Kailyn Stern Karen Munyan Marissa Patrick Mollie Jacobs Morgan Billingsley Shannon Lawless Victoria Aftandilian Zoe Kalousis

Novice Girls (9)

Annika Skigen Colleen Fokes Erin Shannon Jenna L Brady Katrina White Kylie Wingate Marissa March Quynhinn Nygen Savannah Skotnicki

Coxswains (7)

Alexis Fowkes (COX) Chase Hiday (COX) Dillon Margolis (COX) Kathryn Tucker (COX) Meghan Marsh (COX) Melissa Weiner (COX) Sarah Voigt (COX)

Boat Depreciation Schedule

Boat Age 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Current Value Calculation / Boat Depreciation Schedule Boat Model V1, M2, Mill, UL 87.5% Performer 87.5% 85.0% 85.0% 100,0% 90,0% 80.0% 77.5% 72.5% 66.0% 60.0% 52.5% 45.0% 37.5% 32.5% 27.5% 25.0% 20.0% 16.0% 77.5% 70.0% 60.0% 55.0% 50.0% 42.5% 35.0% 30.0% 25.0% 20.0% 17.5% 13.0% 10.0% 80,0% 70,0% 60,0% 50,0% 40,0% 30,0% 20,0% 10,0% 0,0% 1 Y Axis: Value, as % of purchase price 2 3 4 5 X Axis: Age of boat 6 7 8 V1, M2, Mill, UL Performer 9 10 11 12 13 14 15 1. Determine age of the boat. 2. Multiply the purchase price by the approriate %. 3. You now have the current value of the shell. This chart is appropriate for 8's and 4's.

% listed is appropriate for shells in very good to excellent condition. Needed repairs & components should be deducted from this value.

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

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