Annual Report from the Treasurer 2014

[sihinch]

TEMAC 2014 Treasurer's Report -  Dec 1, 2014


TEMAC remains in good financial condition as a result of continued prudent management of our finances by the Board, ensuring that we spend on the important things, but stay within our fiscal means.  We have invested carefully in solid infrastructure improvements (e.g. driveway and parking lot upgrades) and field maintenance (seeding; grass cutting) to ensure a good facility which meets the needs of our growing club, with adequate funds remaining to cover our operating expenses and of course, food, prizes and awards for our fun fly events.  In the spring Bill Quantock and crew successfully installed a Geotex stretched fabric runway which has been a great success, and we took possession of our very own Loo.  We are pleased to see that the fee structure implemented last year has been successful and the Board has determined that no increase in membership dues is required for 2015.  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 2014. TEMAC's membership now stands at 130, including 2 life members, 20 junior members and 4 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 2015, we are submitting an application for a Trillium grant and will be again requested funding from the SE Zone of MAAC to allow us to make further improvements to our field, including the parking area and driveway at ROGO field.  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 at no extra charge.

I can't emphasize enough how extremely fortunate we continue to be having the very talented Ben Feist as our web designer and administrator.  Ben has made our web site the vibrant communications and discussion vehicle that it is.  This has allowed us to keep each other informed and share our collective experiences for the benefit of everyone.  Thanks so much Ben.


Andy Hoffer
Secretary-Treasurer and Membership Director, TEMAC

[Frank v B]

Andy, so articulate.  Are you sure you wrote it?

Thanks for looking after the club wallet.  A masterful job.

Your Nemesis.


Frank