BT wrote:
Unfortunately, yes. I raised it again last week and the membership has
agreed to discuss this at our next meeting, but I found out from the
treasurer that rather than raise hourly rates the club has been burning
its capital fund which is now down to an amount that won't even replace
the run-out engine let alone the entire airplane. So, I'm going to this
meeting, but I fully expect to leave the club after the meeting.
Matt

Sounds like fiscal irresponsibility to spend set aside engine rebuild funds
on something other than the engine.
Are there by-laws in this club? Does not sound like a club at all.

Sure, but they don't cover things like this. I've rarely seen bylaws
that have this level of detail. It is mostly club history and
convention going back many years I'm told (I joined just 3 years ago).
I never even thought about this before and thus hadn't asked the tough
questions or dug into the financials (most meetings don't even happen
due to lack of a quorum). I should have dug in sooner, but just never
envisioned this happening. I didn't join the club for a number of years
as it was glaringly mismanaged financially and was in debt. It was 8
months behind on its fuel bill to the FBO so something like that and I
was surprised they could still buy fuel. They had two airplanes and
sold one and got the bills paid up and had $30K in the bank. They also
got a new treasurer so I joined. I thought they had turned the corner,
but I guess old habits die hard...

Matt