Volume #37 Issue #3 | Page 28

Pajero 4WD Club of Victoria Inc. 2020-21 Budget & Annual Fees Between January and April the Committee undertook the process of putting together the budget for the Club for the 2020-21 financial year. There was nothing unusual about this process until mid-March when all assumptions about income and expenses were thrown out the window due to the Covid-19 shutdown. This is a summary of the journey the Committee went on to establish the 2020-21 budget that was approved at the April Committee meeting. All Club members should be assured that this process involved numerous discussions and a range of points of view were taken into consideration before arriving at the final outcome. Recent Years As a starting point a review was completed of how the Club has been travelling in recent years. As can be seen from the table between 2011 and 2015 fees increased from $120 to $135 and a small profit was made in all but one year. If this approach had continued fees would now be about $150. In 2016 a decision was taken that the Club’s financial resources were more than was necessary and so fees could be reduced. The result is the Club lost about $21,000 over 3 years or about $7,000 per year. Fees for 2019-20 were set at $120 and it is expected we will make another loss, however It is currently unclear what that will be for two reasons: 1. Membership fees are usually collected in May-June for the following financial year, however due to problems last year a large portion of the fees were collected in July-August, therefore inflating this year’s figures. 2. Covid-19 – two of our main income sources, being General Meetings and DTU courses stopped for the last 4 months of the financial year. Below are two pie charts showing our income sources and our expenses. This is for the 2018-19 financial year, which is typical of recent years and we do not expect 2020-21 to be all that different. This shows half our income is from fees and that our expenses are many and varied.