The Board of Directors of the LBA has unanimously passed a resolution to raise the table
fees at our club from $6 to $7 effective July 1, 2017. Conversations with members who
have been around for a number of years indicate that the last time fees were raised was
before Katrina in 2005.
The slow but steady increase in various expense items (building maintenance, insurance,
director fees, etc.) led us to this decision. Our current deficit is about $14,000 for 4
months with non-recurring items accounting for about ½ of the problem.
Notwithstanding, the recurring losses seem to be continuing at an annual rate of about
$20,000. The fee increase will raise about $25,000 in a year and should give us room to
maneuver going forward. To help keep fees low, we will not pass on extra ACBL fees
for STAC and Charity games at present. If the increase results in a break even position
for the club we will be content.
Please note that this increase was passed only after much deliberation and was passed
unanimously by your Board of Directors.
Feel free to discuss this with any member of the Board at your leisure.
Jim Thornton
President