2005-06 JLM Board of Directors
Motion to Increase Due
Motion:
The Board of Directors of the Junior League of Miami moves to amend Section 7.01 of the by-laws as follows:
ARTICLE VII - FEES AND DUES
Section 7.01. Annual Dues
Active and provisional members shall pay annual dues of $140.00 $170.00 and sustaining members shall pay annual dues of $85.00 $105.00, which include the AJLI per capita dues which shall be paid by the Treasurer in accordance with the regulations set forth in the AJLI Standing Rules. Sustaining emeritus members will not be required to pay annual dues. All provisional members must pay all fees on or before the date specified by the Board of Directors. The fee for the next provisional year shall remain the same unless, on or before September 1st of each year, the Board of Directors, after consultation with the current chairperson of the Provisional Committee, approves a different amount. There shall be no refund of dues or special fees except as provided for transfers in Article IV, Section 4.02. A of these Bylaws.
Rationale:
The Board of Directors of the Junior League of Miami passed the following motion:
Motion:
Finance Council moves that Dues be increased by $30 per Active and Provisional Member, and by $20 per Sustaining Member beginning with the current year due date (March 1, 2006), for membership through the 2006-2007 Fiscal Year. This would equate to total dues of $170 per Active, $105 per Sustainer, and $170 (plus the historical $100 Provisional Fee) for Provisional Members.
Rationale:
As it currently stands, total budgeted revenue, excluding all fundraisers and Browning distribution, is $131,100, which consists of the following: $115,720 membership dues; $1,500 net provisional fees - $5,000 of the total $6,500 is used to offset provisional training program expense; $105 reinstatement fees; $175 transfer fees; $4,000 journal revenue; $3,000 directory advertising; $1,000 miscellaneous income; $600 interest income and $5,000 sustainer activities income. With regard to membership dues, membership levels are currently as follows: actives and NRAs 335, Sustainers and NRS 503 and Provisionals 74. Based on the current membership base, total revenue that would be collected at the current membership due dollar amounts is $100,435, which is a shortfall from the budgeted amount of $15,720. Therefore, assuming all other revenue items meet or exceed expectations, total revenue that will be collected would amount to $115,815.
Total budgeted Supporting Service expense and Headquarters contribution for 2005-2006 is estimated at $122,664. Therefore, from the perspective that Revenues, excluding fundraisers, should cover all supporting services, we would be short by $6,849. History shows that the League will continue to have many women who will transition from an active role into a sustaining role. In addition, the industry has indicated that insurance costs as a result of all of our historical hurricanes will increase by 17%-20%, annually. This will increase the amount JLM needs to contribute to Headquarters and ITN. Last year our insurance costs budgeted for Headquarters and ITN were $12,414 and $24,000, respectively. If we were to assume a 17% increase for said insurance costs that would be an addition to each insurance premium of $2,110 and $4,000. Of note, membership dues of $35 per Junior League of Miami, Inc. member are paid annually to Association of Junior Leagues International, Inc (AJLI). Of this amount, 40% is allocated under expenses relating to supporting services. The remaining 60% of the dues is allocated under program expenses. The proposal is to increase active, provisional and sustainer dues to $170, $170 and $105, respectively. This will enable the League to not only cover this year's budgeted number of $115,720, but also forecast and plan for increase costs of operations, i.e. Headquarters and ITN Insurance, for the future. Based on the current number of actives, Provisionals and sustainers, said increase would generate total membership dues revenue of $122,855. Again, that would cover the dues shortfall, based on current rate of $140 and $85, and cover increased in projected insurance costs.
