The membership has received their annual renewal forms for 2014. The information we receive on the renewal forms is used in the club’s handbook for your contact information.
The information on the renewal form is also used for billing purposes if you want for example, a slip, dry storage or any other club service. As a reminder, it is important that you fill out the renewal form completely for the Club’s records and to insure that your contact information is accurate and up to date.
The Finance Committee has been working hard the past several months reviewing and analyzing revenue and expenses for last year and comparing them to previous years and projected trends. After several meetings and many e-mails, the Finance Committee developed a budget for 2014 that your Board of Directors extensively reviewed and approved at its last meeting. Dues and fees are remaining at 2013 levels in the 2014 budget.
As a reminder, the first half of your dues is due January 1st.
The budget process included each committee chairperson carefully examined their revenue, expenses, and capital improvements under their scope and submitted a budget worksheet to the Finance Committee. Working with these worksheets, input from our General Manager, and historic operational trends, the Finance Committee developed a workable budget that allows the Club to remain in good financial condition and allow for some much needed capital improvements
Our budget is based on anticipated revenues and expenses. In addition, using historical data and some “gut” feeling the Finance Committee determined that 510 active members is a reasonable membership number as a foundation to build our budget. The 2013 budget was based on 480 active members. The membership committee did an outstanding job putting together packages to attract our new members bringing vitality to our club. We are striving to achieve our full active membership of 550 members in the next few years.
Several key items in the budget included in the 2014 budget are:
Lowering one finger pier and dredging permits - $10,000
Parking lot concrete sounds - $3000
New tent panels - $1,500
Ritz Homan financial review and tax return - $15,000
Depreciation, in accordance with GAAP - $65,000
Kitchen ceiling repair - $3,000
Our club’s budget for 2014 will be included in the Call to the December general membership meeting. When you receive it, please review it and plan to attend the December meeting.
Lastly, the reason our Club continues to be in good financial health is due to your continued support.
See you down at the Club.