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Aproposaltomembers Rev3
Aproposaltomembers Rev3
Dear Members,
That in the past 25 years the membership in the reduced senior categories has grown substantially.
Currently, 41% are in the Senior 65+ or Senior 70+ membership categories.
Only 9% of our Senior Members are under the age of 39.
By 2020, we anticipate the senior discounted categories being the majority of adult members.
If this trend continues it would lead to a significant operating loss within five years.
Reduction
0%
65%
65%
70%
77%
77%
70%
Proposed Revisions
The proposed revisions are as follows. Only the adult categories are shown as no changes are
proposed for the youth membership groups.
Now (2015)
0%
65%
65%
70%
77%
77%
0%
2016
0%
63%
60%
68%
73%
75%
50%
2017
0%
61%
55%
66%
69%
73%
50%
2018
0%
60%
50%
65%
65%
70%
50%
70%
68%
67%
65%
2018
$676
$270
$338
$237
$237
$203
$338
$237
It should be noted that the new Under 35 category (U35) would have the following features
and restrictions;
It would be available to any member under the age of 35, however those who are sons
and/or daughters of members are eligible for the Intermediate Category until age 29
which offers a greater discount (60%)
The initiation fee for the Under 35 category would also be eligible for a 50% reduction.
The Under 35 group would have to become full Senior Members to enjoy voting rights
and harbor privileges.
No categories will be eliminated. This was considered unfair to too many Members
who have earned a reduction or have been anticipating one.
No increases in age eligibility or tenure e.g. to 67+20 as most members are long
term members and the net effect would be minimal.
Incentive for younger members. A revised fee structure should include some
incentives to attract young members and families.
Adjusting the discounts. As discussed above, the discounts are substantial. The
committee felt that it was essential for the long term health of the club to make these
discounts somewhat less remarkable.
Other sources of revenue. Other sources of revenue are important to the Club but
membership is the largest single source at 43%. The Committee also felt that the
essential characteristics of the Club could change substantially if an emphasis was
placed on new sources rather than addressing the need to rebalance the fee structure.
We also wished to avoid special assessments and minimum food or beverage charges.
Maintain stable operating revenue over the forecast period. The changes would
be designed to maintain stable funding for the Club over the phase in period (3 years)
during which time we would expect that incentives and programs to attract younger
members would begin to reverse the trends.
Heres the link to the website; HYC Fee Structure Please have a look, express your views on
the questionnaire or blog and we look forward to seeing you on the 28th.
Yours truly,
Members of the Fee Structure Review Committee
Doug Meredith (Chair)
David Law
Derek Patino
George Roberton
Gord Thompson