Greetings to you from all of us in the General Committee.
After the end of the school holidays in Jan, the pace of wining and dining at the Club slowed down. That was only to be expected as Dec was packed with sports and social activities generating almost RM60,000/= in rooms, bar and catering revenue. Most normal months bring in only about half that amount. Anyway, despite the slower pace, revenue in Jan from the three sources totaled some RM33,000/= with the rooms contributing the most followed by the bar. Revenue picked up again from around the Chinese New Year holidays in early Feb but the effects of the economic slowdown are beginning to be felt as witnessed by the reduced number of outstation and affiliated members during weekends.
The audited accounts for the year 2015, just received, shows that the Financial Performance of the Club is highly satisfactory with total income and expenditure almost dot on the budget. Surplus of income over expenditure of RM198,000/- is just short of the RM202,000/= budgeted and RM70,000/= more than the previous year. Though about two-thirds of this surplus is derived from the 7 new slot machines installed in our Annexe Club in Aug15, the rest of the surplus is the result of prudent financial management.
The beer prices, reduced six months ago on a trial basis and called Happy Hour Prices until last Dec, will now continue as the normal sales price because our margins were not severely affected by the reduction. In fact, our Bar Profits last year increased more than 15% compared to 2014 due to increased volume. Thus the reduced prices shall remain.
The Club’s AGM is scheduled for 17th Apr. Election will be held for the posts of President, VP, Treasurer, Commodore and 3 Committee members. The revival of Tennis Court No.4 and arresting of the roof leakage in the kitchen, etc. will be proposed by way of Capital Expenditure projects. The GC will also put forward some Resolutions to incentivise Committee Members in a bid to attract more and new members to come forward to serve in the GC. A proposal to impose minimum spending requirements is also in the cards. The AGM is the most appropriate forum for discussion of ideas and debating of issues by all concerned members for the betterment of the Club. Therefore, I strongly urge you to demonstrate your love and loyalty for the Club by participating in this meeting.
This will be my last Message from the President’s Desk. After two years as Treasurer and these last 2 years as President, I have to relinquish my role as your representative in the management committee of the Club. I hope those who succeed the current GC leadership will carry on with the same degree of financial prudence and even more commitment in serving the interests of the Club and its members.
I also hope the incoming President would continue this initiative of mine to keep members abreast of Club’s administrative affairs through this alternate- monthly Newsletter.