Dennis’s concern of the $80k caused a chuckle. My first term as President Was 20 yrs ago. My excellent VP was Mike Hurd. We were faced with $200k in debt with a bank loan at 7%. We had 35 members. Ouch!We reduced dues. We changed the constitution to reduce entrance into the club by $1000 with unanimous consent of the membership. We doubled the size of the club in one year and earned a end of year profit of $18,000. Mike is one of our unsung heroes.
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