The Proposed Budget for 2011-12
Proposed 2011-12 Kahler Glen Athletic Club Budget
Income: dues are averaged
93 x $1564 = $145,452 & 6 x $1188 = $7,128: Subtotal = $152,580
Estimated checking account balance: $18+K = Total $170,580
The interest payment service will be reduced during the coming year if we reduce the principal amount.
$18K cash cover-over minus $10K for loan reduction and $2K for land lease purchase plan and then $6K for the security camera system. We will wait for new members to begin this plan and new loan plan.
This is a minor increase for Administrative support. This will be the first increase in a number of years.
Additional revenue from new member’s initiation fees will be used to pay down private debt. After we reach a threshold of more than 110 & 118 net full members the club should be able to reduce monthly dues
With a $2K increase for Chemical Supplies, the chemical Testers will take over more responsibilities.
A dues increase of $8.33 per month may be necessary if additional members are not obtained by October.
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INCOME
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2010-11 Actual
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Proposed
2011-12
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Starting balance // Projected
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13960
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18,000
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Memberships
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$162,077
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$152,580
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EXPENSE
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Interest on Private Loans
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$5,905
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$5,750
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Interest on Mortgage
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$47,315
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$47,537
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Reserve*
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$5,000
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$5,000
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Loan payoff fund & land purchase
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$20,000
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$12,087
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Security camera system proposed
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$0
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$6,000
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Sub-Total
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$78,220
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$76,374
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Operating Expense
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Administrative
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$2,100
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$2,660
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Office Supplies
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$300
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$250
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Postage and Delivery
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$480
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$500
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KGCA Dues
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$2,400
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$2,400
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Insurance
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$8,686
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$8,700
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License and Permits
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$35
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$85
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Contract Labor
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$9,600
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$10,000
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Professional Fees
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$3,500
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$1,000
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Equipment Repairs
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$8,224
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$8,400
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Building Maintenance
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$16,040
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$16,500
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Landscaping
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$1,383
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$1,600
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Snow Removal
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$785
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$900
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Supplies Other
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$2,200
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$2,400
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Chemical Supplies
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$6,500
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$8,500
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Telephone/wifi
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$1,465
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$1,500
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Electricity
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$12,340
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$12,000
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Television
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$247
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$260
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Septic
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$600
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$650
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Property Taxes
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$13,400
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$13,478
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Land Lease - Yearly fee
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$1
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$1
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Misc/ fundraiser/bonus
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$1,171
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$1,122
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Promotion
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$900
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$1,300
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Sub Total
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$92,254
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$94,206
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TOTAL EXPENSES
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$170,580
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$170,580
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* The club has $12,497 in reserve funds in the bank.
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Annual Budgets
For the year ending April 30, 2010 and the projected 2010-11 Budget
Since last year we have had a net gain of 6 new general members and 4 new midweek members. We anticipate increasing our membership in the coming year and using a significant amount of any new revenue to pay down debt and make improvements to our club. This past year, $35K of our private debt was repaid. We financed major maintenance projects and increased our reserve funds to insure continued long term viability of our club.
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K G A Club 09-10 Budget & Proposed 2010-11 Budget
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Based upon 99 + 4
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& $3K LT
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INCOME
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Budget 2009-10
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Projected Yr end
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Projected 2010-11
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Budget
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Memberships & fees
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$152,646
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$175,578
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$162,588
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EXPENSE
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Interest on Private Loan
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$10,850
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$9,727
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$8,400
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Interest on Mortgage
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$47,537
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$47,537
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$47,537
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Reserve*
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$5,000
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7,200
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*
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$5,000
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Sub-Total
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$63,387
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$64,464
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$60,937
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Operating Expense
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Administrative
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$2,100
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$2,175
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$2,300
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Office Supplies
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$1,200
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$1,125
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$1,300
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Postage and Delivery
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$340
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$340
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$480
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KGCA Dues
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$5,000
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$2,400
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$2,400
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Insurance
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$10,500
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$10,000
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$10,000
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Garbage
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$160
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$0
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License and Permits
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$35
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$50
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$35
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Contract Labor
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$13,000
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$13,250
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$14,500
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Professional Fees
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$3,000
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$2,500
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$3,500
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Equipment Repairs
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$5,000
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$10,100
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**
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$8,400
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Building Maintenance
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$9,000
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$20,449
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**
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$16,564
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Landscaping
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$1,650
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$1,500
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$1,650
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Snow Removal
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$1,000
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$380
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$1,000
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Supplies Other
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$2,300
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$2,150
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$2,400
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Chemical Supplies
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$5,200
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$6,318
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$6,500
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Telephone/wifi
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$1,032
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$1,400
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$1,400
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Electricity
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$13,500
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$12,500
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$12,800
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Television
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$240
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$180
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$200
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Septic
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$324
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$756
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$650
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Property Taxes
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$13,543
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$13,543
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$13,400
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Land Lease
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$1
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$1
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$1
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Misc/ fundraiser/bonus
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$500
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$250
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$1,171
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Promotion
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$1,000
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Sub Total
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$88,625
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$101,367
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$101,651
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TOTAL EXPENSES
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$152,012
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$165,831
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$162,588
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Net Income
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$634
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$9,747
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Checking May 1 09
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$30,300
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$10,000
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Reserve May 1 09
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$5,426
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*With CD = $11.4+K for 2010-11
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** See Year-end report for details
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$35,726
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