Toronto Electric Model Aviation Club Forum

Toronto Electric Model Aviation Club (TEMAC) => TEMAC Newsletter => Topic started by: sihinch on December 01, 2015, 08:44:53 PM

Title: Annual Report from the Treasurer 2015
Post by: sihinch on December 01, 2015, 08:44:53 PM
TEMAC 2015 Treasurer’s Report  -  Dec 1 2015


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.  Expenditures exceeded revenues by $2165 as a result of further infrastructure improvements (e.g. driveway, parking lot and storage facility upgrades)   to ensure a good facility which meets the needs of our membership.  Despite this deficit, we ensured that adequate funds remained 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 $3692, net of projected expenditures for our 2016 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 2016.  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 2015. TEMAC’s membership now stands at 137, including 2 life members, 17 junior members and 6 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 have not had to limit how many members we can accommodate at TEMAC. 

Looking to 2016, 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 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.  We are so lucky to have Ben on our team, generously sharing his professional skills and talent in this area.  Thanks again Ben.

Looking forward to seeing you out in the snow!


Andy Hoffer
Secretary-Treasurer and Membership Director, TEMAC
Title: Re: Annual Report from the Treasurer 2015
Post by: Frank v B on December 03, 2015, 07:42:11 PM
Andy,

 8)

Thanks for the work on the purse strings.*

Frank

* sure sounds like a compliment.  I must be sick!
Title: Re: Annual Report from the Treasurer 2015
Post by: Andy Hoffer on December 19, 2015, 01:02:39 AM
Thanks so much @Frank v B.

But yeah, you really should see a specialist before it* gets out of hand!!    :D

Andy