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Old Oct 23, 2008 | 01:13 PM
  #71 (permalink)  
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FP
Senior Member
Joined: Aug 2006
Posts: 13,396
Likes: 25
From: Crystal Lake, IL
Default Re: Update on XFi development

Originally Posted by rhacker382
BILL,

FUNDS WILL BE USED TO SPONSOR AND CO-SPONSOR LOCAL EVENTS AND OTHER FUNCTIONS BROUGHT BEFORE THE BOARD BY THE MEMBERSHIP. EXAMPLE: SAY A GROUP OF MEMBERS WISH TO RENT A NASCAR TRACK FOR A WEEKDAY AND HAVE A CLUB FUNCTION; THIS WOULD BE WITHIN THE SCOPE OF POSSIBILITIES WITH THIS ORGANIZATION ACTING ON BEHALF OF THE CLUB MEMBERS. A ROADTRACK LIKE WATKINS GLEN, FOR EXAMPLE, IS $8,000.00 PER DAY PLUS INCIDENTALS LIKE TOWING AND SPEEDY DRY, ETC.. THE CLUB/WILL CAN ACT TO HELP DEFRAY THE COSTS OF SUCH FUNCTIONS. THERE ARE OTHER POSSIBILITIES AS WELL.

FEES AND DUES WERE ARRIVED AT BY: 1) LOOKING AT OTHER SIMILAR ORGANIZATIONS, 2) PREDETERMINING WHAT THE COST OF MEMBERSHIP PACKAGES MAY BE, AND 3) WHAT WE BELIEVE IS FAIR AND WITHIN REASON.

THE PERSONAL EXPENDITURES NOTE IS TO REINFORCE TO THE BOARD WE WISH TO KEEP EXPENDITURES LOW AND REASONABLE TO GET THINGS MOVING. WE WOULD RATHER USE FUNDS FOR OUR SOCIAL FUNCTIONS RATHER THAN ADMINISTRATIVE PURPOSES.

R
Guys, Ray is correct. It's going to take a little influx of funding to get us going, including Web hosting fees and start up cost. The Regular membership fee is very reasonable, but we can definitely use more to get us started.
The charter member membership is completely voluntary for those of us that are willing to donate more for the start-up. The hat is just a recognition and token of appreciation.

I hope to see many of you join. Like Montana said; there's strength in numbers. The more members we have the stronger we will be viewed.