Membership Dues Increase for 2024
Your club strives to provide a safe, clean, beautiful and comfortable environment to enjoy fellowship. A place where members can enjoy an evening sipping their favorite beverage while watching the sail boats go by, dances, dinners and cook outs. A place to celebrate birthdays and anniversaries. A place where friendly staff take care of your needs.
Twelve years ago, the annual membership dues were raised from $150 to $250. A lot has changed in those 12 years.
After a careful study the Board of Directors will seek membership approval at the September general meeting to raise membership dues from $250.00 to $350.00. This equates to $8.33 per month for each primary member, or $4.17 each for a primary and associate member. The increase is needed to cover the increased costs of operating the club and provide an adequate reserve to cover major expenses and contingencies.
History of Increased Expenses 2012 to 2023
From 2012 to 2023 if annual inflation rate had been included the yearly dues would now be $330.00. Yet many of our costs like food and bar supplies have increased far more than inflation. Here are just a few:
2012 2023 Increase
Bands $400 $800+ 100%
Yearly Insurance $9,000 $20,000 122%
Monthly Average Payroll $1,000 $6,628 563%
Why have our payroll costs increased over 500
Then: 2012 Now: 2023
Bar was run by members for tips Bartenders Paid
Bar manager free Paid
Members worked for free as DJs Paid
Friday grill prepared by members Paid
Front Door was done by members Paid
Lawn care maintained by members Now $260/month
One or two events per month Now 20+ events per month
One employee Seven employees
The monthly costs to run our club have increased from $10,000 per month in 2012 to $32,402 per month so far this year.
Monthly deficits were rare in the past but now occur frequently as expenses exceed revenue. We have had 4 deficit months in the past 7 months and now have a $15,359 deficit for the year to date. These are warning signs we should not ignore.
Major expenses your club will incur in the near future
- New Roof within 5 to 8 years, or sooner if required by insurer: $40k to $50k
- Electrical wiring, panel box $10k
- New flooring in kitchen, behind the bar, and in entrance hallway and brides’ room $15k+
- Replace 20-year-old ice machine. (Has been repaired numerous times)
Major risks of damage that are not insured or have high deductibles.
- Up to $16,000 to repair docks if deck boards are torn off by storm; more if structural supports or pilings are damaged.
- $10,000 deductible to fix roof damage from trees falling in thunderstorm.
- No insurance coverage if roof damaged in hurricane or named storm.
We need your support for 2024
With your support for this dues increase, we can continue to maintain our building and grounds and enjoy the many activities now provided. Your Board and Elected Officers will always work hard to keep prices as low as possible and still deliver the club experience you deserve.
Enjoy an evening of pure party, dancing & fun!
