Frank Hall, Treasrurer 2010-2011, needs your input and comments.
At the May20, 2010 Board of Directors Meeting he presented th following information about the budget for 2010-2011.
INCOME EXPENSE NET
Meals and Meetings S114,910 $115.600 ($690)
Club Operations $56,000 $55,500 $450
Membership Development $1,750 $1,750 -0
Avenues of Service $35,000 $34,850 $180
Bad Debts Expense ($5.000) can be offset by efficient follow up on unpaid bills.
My suggestion is we require all members to give us their Credit Card number. If, after 60 days the invoice remains unpaid I will charge their credit card for the full amount due.
Impact On an individual Member
Annual Dues Increase $80
Annual Meals Increase $144
Charge for guest at Pot of Gold $49
Charge for Guest at Installation $100
Increase in Fines $20
Total Annual Increase $393
Total average increase in Quarterly Bill $98.25
What do you think about these numbers?
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