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Author Topic: Annual Report from the Membership Director & Treasurer 2016  (Read 375 times)

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Offline sihinch

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Annual Report from the Membership Director & Treasurer 2016
« on: December 04, 2016, 10:50:38 am »
TEMAC remains in good financial condition.  The Board continued to pursue prudent management of TEMAC finances, spending on important things, but staying within our fiscal means.  Revenues exceeded expenditures by $4532 due in large part to the proceeds of the auction of the late Jack Higgins’ RC estate, generously bequeathed to the club  by his wife, and as a result of limited need for significant infrastructure improvements this year (e.g. additional gravel for the driveway and parking lot).  Spring and fall maintenance by energetic volunteers, under the careful stewardship of Graham McNicol, went a long way to preserving the condition of our facility which continues to meet the needs of our membership. 

We had more than adequate funds to cover our operating expenses and of course, food, prizes and awards for our fun fly events, and our cash on hand at Dec 1 was $9806, net of projected expenditures for our 2017 lease.  We have been able to maintain the fee structure implemented in 2013 and the Board has determined that no increase in membership dues is required for 2017.  Full membership renewals remain at $80. The complete fee structure is available on the TEMAC website.

The revenue stream created by membership growth over the past few years has remained stable, with modest turnover in membership in 2016. TEMAC’s membership now stands at 113, including 2 life members, 8 junior members and 2 non-flying members, making TEMAC the largest club in the SE Zone of MAAC.  Growth in the club has put significant additional demands on our field resources (parking, assembly tables, and airspace availability), but so far we have not had to limit how many members we can accommodate at TEMAC. 

Looking to 2017, given our positive cash situation over the year, we look forward to maintaining our facilities in good condition with modest improvements, and we are pleased to continue to offer our members unlimited use of the Loo with no admission or processing charge!

Our web site, created and maintained by our extraordinary webmaster, Ben Feist, remains a vibrant communications and discussion vehicle for the entire TEMAC membership, plus a few external participants.  The literary talents of our members are clearly in evidence throughout our web site.  We are so lucky to have Ben on our team, continuing to share his professional skills and talent in this area so generously.  Thanks again Ben.

Looking forward to seeing you out in the snow!

Andy Hoffer
Secretary-Treasurer and Membership Director, TEMAC