You may have noticed that all membership dues have increased in 2018 - Family Memberships by $21, and Single and Sustaining Memberships by $14. In addition to this increase, all memberships will now be charged a capital improvement/savings fee, set at $9 for 2018.
In 2017 our expenses were reviewed in depth. Unfortunately, our fixed expenses at the pool are increasing. With minimum wage and labor cost increases, our guard expenses have increased over $10,000 for 2018. We reviewed other options, and the rate we have settled on is very comparable with our competitors. Dues at the pool remained flat from 2013 through 2016. Membership income in those years did not keep pace with expenses, and the pool's reserves were utilized to cover the gap. This equates directly to the increase in membership rates.
Our bylaws require us to replenish our reserves. In 2017 fundraising was attempted as a tool to grow our reserves and cover necessary improvements. This helped cover an immediate need, but funds were not sufficient to give us a buffer. This is why we are adding an additional line item to annual dues. These fees allow us to safeguard against unforeseen maintenance requirements, and continue with capital improvements that will ensure the continued success of the SCCA pool. When the SCCA reserves are back in compliance with our bylaws this fee will no longer be charged, and dues will be the sole income source associated with annual membership.
As always, our financial statements are available to our membership. Please let us know if you would like more information regarding our financial status.