Greetings, friends.
Over the past few months, the Board of Directors has been reviewing the club’s financial trends. It was noted that while the club’s current financial picture is good, the club has been operating on a deficit for the last few years. As a result, the Board of Directors voted to increase dues to $40 per year for a 1 year individual membership, $75 for a 2 year membership, and $110 for a 3 year membership. The Dual Adult membership has been discontinued. This change will take effect 30 days from today in keeping with the club bylaws. In addition, the Board voted to change the Ride Leader award such that Ride Leaders who lead a minimum of 15 rides will receive a $50 gift card, There will no longer be an option of getting a Ride Leader jersey.
None of us are excited about these changes. However, dues have not increased for many years while the cost of everything has increased. The cost of ride leader jerseys now exceeds $100. In addition, the club’s portion of the proceeds from the Revolutionary Ramble has been reduced. And it is worth mentioning that the Ramble has been struggling to attract an adequate number of volunteers so the future of the Ramble is uncertain. The increase in dues and change in ride leader awards is intended to help ensure the club remains fiscally strong and that the club can continue to provide the types of social events that membership values. Please be assured that the Board of Directors will continue to look for ways to ensure a fiscally strong status while offering good value for our members.
I am always available to discuss any concerns and suggestions.
Have fun; stay safe.
Best regards,
Michael
