Message from the CFO re Dues Increases July 13 2022
This was an email received from Jeff Smith, CFO of Haig Point on July 13 2022.
Dear Member
Reaching out on the heels of our most recent Member Billing to provide further clarity, as we are fielding a number of questions on this topic.
As outlined in the most recent CEO letter, this billing covered the gap between the new Member Rates and the old Member Rates for 22Q1, 22Q2 and 22Q3. There have been few comments/questions regarding the retroactive billing, but there have been a number of questions regarding the change between the amounts of the POA (reduced) and Transportation (increased) Fees.
During our 22Q1 and 22Q2 Open Member Sessions and in subsequent, related correspondence, we outlined our needs/efforts to match Member funding sources with actual/projected Club expenditures. As we analyzed our rate structures, our diligence revealed a balancing opportunity whereby Member POA contributions and Transportation contributions warranted a reset, to better align with the Club’s actual/projected expenditures.
With Membership’s endorsement of the recommended Dues/Fees increases, those funds have now been properly balanced. To state this another way, the amount of your annual Transportation Fee ($8,020) and annual Marine Capital Fund Fee ($2,500), now reflect more accurately, the true cost it takes to provide the Land and Water Transportation services you enjoy today, to live on, and/or to experience Daufuskie Island as you come and go!
Apologize for any confusion we may have caused here, as we had endeavored to cover these changes effectively during our Open Sessions and within the related correspondence. Hoping you find this messaging helpful.
With Regard
Jeff Smith
CFO - Haig Point
cell: (213) 359-8441