Originally Posted by
InfernoRedXfire
In order to prevent arguments within the club about how money is spent, detailed financial statements have never been published. The club has always been very conservative with it's spending...money has always been spent in the best interest of the club to give back to its members.
The BoD has always been open about $'s in the bank to members in the meeting minutes. As far as the clubs' future, I'll leave that to other Board members to announce.
Financial details tell in which direction the money went, and answers such questions as what expenses were incurred by the board. Where the personnel Carlyle costs expensed out for the board, in a legitimate company these would be OK but in a small club that could be questionable. It would be interesting to see the boards members names side by side with the prize winning car owners for each year, and who exactly got to vote.
I know it is tough to fill positions in clubs like this and a clique can gain control very easily, Red Dog quit as the clique were not impressed with proposed changes, what they were was never revealed. Where they good, bad or indifferent who knows?
Who has the remaining cash and how much is? If I was a member I would want to know that info.