One of my stated goals as President was to improve how SSAC is run by enhancing organisation and lines of accountability within the Board and subcommittees. For the most part, this has been achieved, due to the hard work, talents, and cooperation of the Board members. But the most pleasing aspect has been the number of members that have commented on how much they are enjoying coming into the Centre. In the past weeks, on two separate occasions, very long-time members have expressed to me how much they appreciate my presidency and the direction the SSAC is taking: a financially stable, home away from home.
As a non-profit, we must be constantly vigilant about our financial bottom line. Encouragingly, May was another month with a positive balance sheet. We are, however, moving into the summer months of July and August, when our main revenue sources, activities and the kitchen might be expected to drop off a little. Events such as the recent successful Flea Market are invaluable boosts in income. We look forward to having another flea market scheduled for July 15th. So, please drop off any donations to the front office that you are willing to contribute.
In October we were granted a class A gaming license for BINGO. It was hoped that this would result in it being a major revenue stream. However, that did not prove to be the case, although the average revenue was about $300 per weekly session. The feedback we got from the regular core of participants was that it was a lot of fun. We are taking a summer break, but plan to return with BINGO on September 5th. The new format will be afternoon $1 BINGO sessions (2–4 pm) and the price of ten game card packs will be reduced to $10 from $20. Low-cost baked goods and coffee, in addition to an assortment of chips and packaged snacks, will be made available for this more affordable weekly fun social event.
June saw our mortgage of $128,173.38 come due. The Board voted to renew with Sunshine Coast Credit Union for a 2-year fixed rate term. We are hopeful that we can discharge the full amount of the mortgage at the end of the two-year term. We are in a stable financial place, however there will be some substantial expenses for maintenance and structural upgrades that will be necessary soon. Next month will see the announcement of our donation campaign with various options being offered. Every day, new members are joining as they realise the exciting variety of activities and services available to them. Remember, as we hit another hot stretch of weather, that the SSAC is air-conditioned. If you are struggling at home with the heat, please come and take refuge with us. You are always welcome to come in and relax at the SSAC anytime.
