KAHLER GLEN ATHLETIC CLUB

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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.

INCOME

2010-11 Actual

Proposed

2011-12

Starting balance // Projected

13960

18,000

Memberships

$162,077

$152,580

EXPENSE

Interest on Private Loans

$5,905

$5,750

Interest on Mortgage

$47,315

$47,537

Reserve*

$5,000

$5,000

Loan payoff fund & land purchase

$20,000

$12,087

Security camera system proposed

$0

$6,000

Sub-Total

$78,220

$76,374

Operating Expense

Administrative

$2,100

$2,660

Office Supplies

$300

$250

Postage and Delivery

$480

$500

KGCA Dues

$2,400

$2,400

Insurance

$8,686

$8,700

License and Permits

$35

$85

Contract Labor

$9,600

$10,000

Professional Fees

$3,500

$1,000

Equipment Repairs

$8,224

$8,400

Building Maintenance

$16,040

$16,500

Landscaping

$1,383

$1,600

Snow Removal

$785

$900

Supplies Other

$2,200

$2,400

Chemical Supplies

$6,500

$8,500

Telephone/wifi

$1,465

$1,500

Electricity

$12,340

$12,000

Television

$247

$260

Septic

$600

$650

Property Taxes

$13,400

$13,478

Land Lease - Yearly fee

$1

$1

Misc/ fundraiser/bonus

$1,171

$1,122

Promotion

$900

$1,300

Sub Total

$92,254

$94,206

TOTAL EXPENSES

$170,580

$170,580

*The club has $12,497 in reserve funds in the bank.




Budget for 2010-11

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.

K G A Club 09-10 Budget & Proposed 2010-11 Budget

Based upon 99 + 4

& $3K LT

 

 

 

INCOME

 Budget 2009-10

Projected Yr end

Projected 2010-11

Budget

 

Memberships & fees

$152,646

$175,578

$162,588

 

 

 

 

EXPENSE

 

 

Interest on Private Loan

$10,850

$9,727

$8,400

 

Interest on Mortgage

$47,537

$47,537

$47,537

 

Reserve*

$5,000

7,200

*

$5,000

 

 

 

 

Sub-Total

$63,387

$64,464

$60,937

 

 

Operating Expense

 

Administrative

$2,100

$2,175

$2,300

 

Office Supplies

$1,200

$1,125

$1,300

 

Postage and Delivery

$340

$340

$480

 

KGCA Dues

$5,000

$2,400

$2,400

 

Insurance

$10,500

$10,000

$10,000

 

Garbage

$160

$0

 

License and Permits

$35

$50

$35

 

Contract Labor

$13,000

$13,250

$14,500

 

Professional Fees

$3,000

$2,500

$3,500

 

Equipment Repairs

$5,000

$10,100

**

$8,400

 

Building Maintenance

$9,000

$20,449

**

$16,564

 

Landscaping

$1,650

$1,500

$1,650

 

Snow Removal

$1,000

$380

$1,000

 

Supplies Other

$2,300

$2,150

$2,400

 

Chemical Supplies

$5,200

$6,318

$6,500

 

Telephone/wifi

$1,032

$1,400

$1,400

 

Electricity

$13,500

$12,500

$12,800

 

Television

$240

$180

$200

 

Septic

$324

$756

$650

 

Property Taxes

$13,543

$13,543

$13,400

 

Land Lease

$1

$1

$1

 

Misc/ fundraiser/bonus

$500

$250

$1,171

 

Promotion

 

$1,000

 

 

 

 

 

Sub Total

$88,625

$101,367

$101,651

 

 

 

 

TOTAL EXPENSES

$152,012

$165,831

$162,588

 

 

 

 

Net Income

$634

$9,747

 

 

Checking May 1 09

$30,300

$10,000

 

 

Reserve May 1 09

$5,426

*With CD = $11.4+K for 2010-11

 

** See Year-end report for details

 

$35,726