From Our President:
Happy December, everyone. Hopefully, you all had a wonderful Thanksgiving and were able to spend time with family and friends. We had our usual house full of people and I still managed to eat way too much.
Because we will start out in January approving a budget for the club
I want to discuss some of the questions we hear from membership about financial aspects of our club.
Q: My primary renewal costs $55 each year. Where does that money go?
A: Out of that $55 we send $25 to the National Council of Corvette Clubs. The remaining $30 stays with our club.
Q: We also pay $20 for my spouse to renew their membership each year.
A: Our club keeps $10 of that money and sends the other $10 to the NCCC.
So as you can see, for every primary member we keep $30 and for every couple we get $40. This is the money that covers the general operating costs of the club. This includes Postage, Printing, Insurance, Internet Fees, etc.
Another question we get from time to time is:
Q: Why are we spending so much money with the NCCC, we’re not a racing club?
A: Aside from the fact that our club is one of the founding members of the NCCC, we receive many benefits from our affiliation with them. The NCCC is largely focused on the competition aspect of the Corvette hobby, including various types of racing, car shows rallies and others. Our club has many members who participate in the points and awards programs they offer. One of the most important incentives offered is their “umbrella” liability insurance coverage that extends to all of the club events. In addition to providing financial protection to the club and our membership, it also provides an insurance credential that is required by venues like Spartan Speedway, Potter Park Zoo and others. In short, our club probably could not exist in it’s current form without our NCCC affiliation.
I know this doesn’t come close to answering all your questions but I hope it provides some information that will help you as we work toward an approved “09” budget.
Because this is the last newsletter of the year, I want to again mention what a great year Sandy and I have had with you all. You are a very special group of friends and we very much enjoy the time that we spend with you. We have a great new board for 2009 and I hope you all are looking forward as I am to another fun year.
JB