But sailing club officers have been known to. One recently posted an analysis of last year's final budget. A few things jumped out:
(1) There was an unusual $83,644 expense to buy 420s.
(2) A major source of income is work-hour "deposits". Fewer than one in 10 club members got their "deposit" refunded.
(3) Most free memberships are, in essence, wages because they go to instructors.
Once the anomalous $83k 420 purchase is excluded and 80 free memberships are included (at $150/ea), you can see how much of the club's budget actually went to pay wages (see pie chart). This reflects a typical year. The vast majority of that cash went to instructors.
Why remove money spent on 420's? The club spend big bucks on new boats almost every year, so that's legitimate expense as part of the budget.
ReplyDeleteIt's a one time expense that doesn't give a clear picture of the average costs. Look into cost accounting if you want a more detailed explanation.
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