In the latest issue of the printed edition of the Diamondhead News (November) there is an obvious but subdued warning of a pending dues increase. It points out the need for escrowed monies earmarked for such things as disaster relief, capital improvement fund and a major maintenance fund. This report appeared without any figures in the form of a financial report, budget or risk analysis.
Questions are now raised; was it good management,luck or the the fact that golf revenues have steadily declined in the past six years that necessitates a dues increase? Or was it the exorbident legal fees run up by past administrations?
Is it legal for a non profit corporation to escrow monies for such purposes?
Just questions, but the dues paying members should be getting more than the inflation song and dance.