[Board-2018] Application fee and membership dues proposals

[Glenn Michael]

I have to hand it to you.....this is just like the Congress.  They do not
have to vote or get input on pay raises...…

Interesting proposal,

G

On Mon, Jun 18, 2018 at 7:53 PM, Roy Briscoe <roysail at hotmail.com> wrote:

> Here is a proposal for dealing with our application/initiation fee:
> Have a $250 application fee and a separate initiation fee which is due
> when the applicant joins. The initiation fee is equal to whatever the dues
> are for that year the applicant gets in. This will bump up the fee
> incrementally and we don’t have revisit the fee every year. The change
> would go into effect after the annual meeting for any applicants after the
> annual meeting.
>
> This gives PYC $250 more than we are getting now and we don’t need to keep
> going to annual meeting to increase the fee. And the initiation fee price
> isn’t locked in 4 years ahead if time, assuming a 4 year wait list.
>
> Annual membership dues
> I’ve been working with Doyle and he has suggested a change to the by-laws
> to allow the BOD to set the membership fee up to a 5% increase without
> having to go before the members. Look at it as a cost of living increase,
> as needed. Any larger increases would need to go before the members.
>
> For example for 2019 we could increase the fee up to $32. $650x.05x248
> paying members.  That is around $8000 which would just about cover our
> payroll increases the last two years. Some years we may not need to
> increase the dues at all.
>
> We were at the Wolfeboro Yacht Club Saturday night and their fee is $775
> for 125 members. It is a small but nice club house, a bunch of moorings and
> probably at least twice as many slips and has winter storage. So our $650
> dues is not far off from that.
>
> Food for thought
>
> Roy
> Waiting for power to return.
>
> Sent from my iPhone
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://portsmouthyc.org/pipermail/board_portsmouthyc.org/attachments/20180619/39446069/attachment.htm>