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SAC AGM -Final reminder, please vote before Friday, 28 June at 6:00 pm

SAC AGM -Final reminder, please vote before Friday, 28 June at 6:00 pm

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Standard Athletic Club

 Dear member,

 
The electronic voting for the 2024 AGM will be closing on Friday, 28 June at 6:00 pm. Please disregard this notification if you have already voted, thank you!
 
You are kindly reminded to cast your vote before this time on the link below:

If you are experiencing any technical difficulties, do not hesitate to contact us.
 
In particular, we would like to draw your attention to the following...

Members can vote on a Motion proposing a temporary operating levy designed to raise around €70K a year until 2026.  Why this Motion?
  1. Many of us have expressed frustration about various aspects of service over recent months. While most of us have seen improvements, we want more … and faster
    1. Presence on the front desk
    2. Bar opening hours
    3. Frequency of social events
    4. Cleaning
  2. For the next 2 years (until the Covid loan, the PGE) is paid off, we will be channeling our €250K annual free cash flow to debt repayments and budgeted capital investments as we continue to tackle the backlog of capital projects. Two years from now, the Covid loan payments of €6K a month will end and the Club will be able to spend an extra ~€70K a year on providing service to us as Members. Do we want to get there even faster?
  3. This Motion therefore gives each of us the option of paying an additional ~12.5% for the next 2 years, so as to accelerate the step-change in service levels. This would otherwise happen, without a levy, from mid-2026.  The Management Committee commits to spending the funds, if approved, on service upgrades
  4. If the Motion is not approved, the upgrade in service should happen 2 years from now, in mid-2026. 
One final consideration.  Around 75% of the €250K in cash flow being generated each year comes from the salary savings following management staff reductions during Covid.  Their work has, since 2020, been largely done by volunteers, who have collectively “donated” over €150K a year of their time to our Association and its Members. After 3-4 years there is an understandable element of fatigue creeping in among these volunteers.  This Motion therefore also gives us, as Members, an opportunity to overcome this fatigue by ensuring that volunteer hours are spent to “get ahead” rather than just “keep things ticking over until 2026”. Essentially it is asking us, as ~500 Members, to ease the burden borne primarily by the ~50 volunteers who have run the office, staffed the front desk, coordinated events, and so much more.

The Management Committee hopes that you will give this Motion your support.

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