The memo reviews the management fees and financial operations of American Yacht Harbor (AYH) from 2010 to 2012. It highlights concerns about management fees being charged on gross revenues, including non-marina revenues, and suggests challenging these charges. The memo also discusses payroll costs, occupancy rates, capital expenditures, note payable, fuel purchase contract, and professional fees. Recommendations include minimizing staff, verifying capital improvement bids, refinancing loans, and reviewing the fuel contract benefits.
documents/EFTA00582975.pdf
{}