A DM iNi STRATiv E PRESIDENT’S COLUMN H President Bill June
Vice President Vicki Tagliafico Treasurer Ron Neiger
Secretary Lisa Caplan Girard
Trustees Mike Buckley Carl Burnham III John D. Carr Jim Cleary Darwin Green
Gwen Farnham Hyland Craig Iverson Kim Sisul
Committee Chairs Athletic Diana Callaway Balladeers Dick Allen
Basketball Scott Baumer/Ben Rollins Budget and Finance Ron Neiger Communications Kim Kopetz Culture and Style Richard Horswell Cycling Robert Burney
Dance/Group Exercise Janae Pyle/ Pat Warren
Decathlon Terri Cook/Amy Pellegrin Early Birds Cindy Moody Ethnic Diversity Tanya McGee Exercise & Conditioning Cameron Hyde Family Events Christine Vance Golf Lori Davis/Jamie Sumner Gymnastics Scott Schaffer Handball Dave Delaney Holiday Decorating D’Anne O’Neill House Dave Brezinski
Junior Events Grace McGee/ Christopher Kappes Karate Jim Prihoda MelloMacs Tracy Prince Member Events Jan Jackson Membership Carrie Hobson Merrymacs Dinda Mills
Outdoor Activities Program Dana Buttler/ Travis Terrall
Pilates Kristin Finnegan/Krista McKillip Polar Bears Bob McKillop Property Dwight Terry Racquetball Timm Locke Ski Laura Mittelstadt Squash Derrick Cameron Strategic Planning Peter Richter Swimming Charlie van Rossen Synchro Anne Hecht
Tennis Judy Hamilton/Rick McEwen Triathlon & Running Annie Usher Volleyball Matt Palmer
Walking & Hiking Wes Post/Norma Vincent Yoga Stephen Brown
www.theMAC.com
appy New Year! Yes, the holiday season is over and it’s time to face the reality of your new year’s resolutions and actually set out to accomplish what you have promised yourself you would do. Many, if not most, resolutions relate to fitness, and what better way is there to do his
Monthly Dues Increase
• Increase in property improvement funding • Increase in wages and related taxes/benefits • Decrease in property taxes following appeal • Increase in Food and Beverage profitability
• Allocation of a portion of prior two years’ budget surpluses
Athletic – $106.02 Capital Funding – $48.75
• All other
Ron Neiger TREASURER
than to join the hundreds of fellow members who take advantage of the excellent facilities MAC offers.
This is the time of year too when the club concludes its budgeting work and sets the dues and fees for the year. It’s been my privilege to serve as the chair of the Budget and Finance Committee and club Treasurer this past year. Among the many responsibili- ties of the Budget and Finance Committee is the final-detail review and recommenda- tion of a budget to the Board of Trustees. This process involves nearly all of the club’s committees and in particular, extensive input from not only Budget and Finance, but also the Athletic, Member Events and Property committees.
The club breaks its budgets into two separate funds. The first is the capital budget, which is substantially funded with initiation fees and by a property improvement funding charge to the operating fund. The capital fund budget expenditure for 2012 is $6.3 million; approximately one-half of which is for the Stadium Terrace expansion currently underway. Among other things, the Stadium Terrace project encompasses a much needed remodel of the basement level studios. The second budget is the operating budget and this year, the net numbers result in a 3 percent dues increase, meaning senior family dues will increase from $220 to $227 per month. This is the lowest increase in many years and results from five significant factors (see table in right column). To gain perspective on what your dues
pay for, the accompanying pie chart provides some level of detail.
From a financial perspective, I am happy to report that the club is doing quite well, both from a governance and an operating
Total senior family dues increase
$5.37 7.10 (.94)
(1.31) Monthly Dues Breakdown $18.88 $48.75 $23.39 $14.32
$7.20 $6.90 $1.54
Operations and Maintenance – $18.88 Administration and Net all Other – $23.39 Membership Services – $14.32 Food and Beverage – $7.20 Security and Parking – $6.90 The Winged M – $1.54
(3.00) ( .22) 7.00
$106.02
Athletic – $106.02 Capital Funding – $48.75
Operations and Maintenance – $18.88 Administration and Net all Other – $23.39 Membership Services – $14.32 Food and Beverage – $7.20 Security and Parking – $6.90 The Winged M – $1.54
perspective. Past decisions produced a facility reserve study that predicted facilities renewal costs by year over several decades into the future. This then prompted a reserve study projecting cash flows needed through 2023 to match capital expenditures projected by the facility reserve study. The resulting revenue shortfall from this study brought about a significant increase in prop- erty improvement funding over five years, increasing dues about $5 each year. I am happy to report that 2012 marks the final year of these $5 dues increases, with projec- tions now indicating there are sufficient funds to maintain our facilities in excellent condition on an ongoing basis. We all belong to a great club that offers an enormous assortment of activities funded by your dues and well run by excellent staff and a dedicated member committee system. You can knock off one of those new year’s resolutions by just taking advantage of the offerings provided by the finest club anywhere. WM
$18.88 $48.75 $23.39 $14.32
$7.20 $6.90 $1.54
$106.02
JANUARY 2012 | The Wınged M | 5
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