Costs created by the board
In recent days the board and management has published how costs are increasing
- first the small item. The boat trip to Savannah, for St Patties day, in the past was in the $30 to $45 range and now is $60 person. This is for members. To spend $120 for a boat ride for a couple is in the excessive range.
- With all our costs the board and management is touting the tent at the Heritage.
- we do not know what this is costing us, but it is not cheap ( I worked for a company that has one there and know that this big bucks. The pay back was in a good time for high paying and large contracts companies exec's and the cost benefit ratio could be defined.
- is there a cost benefit for us in this in sales etc.? People do not buy because of the tent ( in my opinion! They buy for the life style here.
- The board just published the minutes from the past presentation on HP finances
- Jeff Smith is doing a great job on explaining what our costs are and where they are being spent, so this is nothing against him
- the notes do not state that the projected costs are if all the board suggestions are approved
- 10 % dues increase ++
- $ 45,100 over three years for Fill Golf
- $ 31,700 over three years for Sig Club
Members are already walking with their feet!
How will we sell anything over the next few years if potential buyers feel that assets will be in our future?
Unless the want items such as the golf course renovation is voted down, especially what is going on with the world economy HP will again go into a downward spiral.
Thoughts
Paul Vogel
Hi, are you saying that the Long Range Plan presented by Gary Baum was not originated or reviewed by the finance committee before presenting to the membership at the Feb annual meeting? Who is on the finance committee and are any of them on Ferry Talk to clarify? I would also like to know how much the tent at Heritage is costing the membership, if anything. Is this a question to be posed directly to Jeff?