Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:its just expensive to manage a facility that has huge insurance costs, is run by a volunteer board, and was built 70 years ago. All the area pools are dealing with similar problems. There are a couple of different ways to structure the assessment. When we did our renovation initially, we planned to do a similar assessment, with a smaller dues hike. Members complained, and we switched to just increasing dues significantly, and increasing our initiation fee significantly. Going into the renovation we had a healthy waitlist, we did run through the entire waitlist the year the increase went into effect b/c we lost so many members.
Having a waitlist definitely helps in a situation like this. I’ve been on our board for 17 years and we’ve never been close to having a waitlist. We’ve tried various incentives over the years, but it’s always been tough building up our membership base. We did see a nice boost in 2022 and 2023, but the numbers have dropped back again the past two years. Ten more membership families would help a lot. It’s a balancing act for sure.
As the board, look at what’s going on as generally people leave for a reason. We left due to the board and how it was being run.
It’s not so much that people are leaving, it’s more that’s it’s tough to get people to join.
Anonymous wrote:Anonymous wrote:Anonymous wrote:its just expensive to manage a facility that has huge insurance costs, is run by a volunteer board, and was built 70 years ago. All the area pools are dealing with similar problems. There are a couple of different ways to structure the assessment. When we did our renovation initially, we planned to do a similar assessment, with a smaller dues hike. Members complained, and we switched to just increasing dues significantly, and increasing our initiation fee significantly. Going into the renovation we had a healthy waitlist, we did run through the entire waitlist the year the increase went into effect b/c we lost so many members.
Having a waitlist definitely helps in a situation like this. I’ve been on our board for 17 years and we’ve never been close to having a waitlist. We’ve tried various incentives over the years, but it’s always been tough building up our membership base. We did see a nice boost in 2022 and 2023, but the numbers have dropped back again the past two years. Ten more membership families would help a lot. It’s a balancing act for sure.
As the board, look at what’s going on as generally people leave for a reason. We left due to the board and how it was being run.
Anonymous wrote:Anonymous wrote:its just expensive to manage a facility that has huge insurance costs, is run by a volunteer board, and was built 70 years ago. All the area pools are dealing with similar problems. There are a couple of different ways to structure the assessment. When we did our renovation initially, we planned to do a similar assessment, with a smaller dues hike. Members complained, and we switched to just increasing dues significantly, and increasing our initiation fee significantly. Going into the renovation we had a healthy waitlist, we did run through the entire waitlist the year the increase went into effect b/c we lost so many members.
Having a waitlist definitely helps in a situation like this. I’ve been on our board for 17 years and we’ve never been close to having a waitlist. We’ve tried various incentives over the years, but it’s always been tough building up our membership base. We did see a nice boost in 2022 and 2023, but the numbers have dropped back again the past two years. Ten more membership families would help a lot. It’s a balancing act for sure.
they claim we are losing members ...
Anonymous wrote:its just expensive to manage a facility that has huge insurance costs, is run by a volunteer board, and was built 70 years ago. All the area pools are dealing with similar problems. There are a couple of different ways to structure the assessment. When we did our renovation initially, we planned to do a similar assessment, with a smaller dues hike. Members complained, and we switched to just increasing dues significantly, and increasing our initiation fee significantly. Going into the renovation we had a healthy waitlist, we did run through the entire waitlist the year the increase went into effect b/c we lost so many members.
Anonymous wrote:What pool? I am in MoCo and a lot of these pools were built in the 1950s and just get more and more expensive to maintain. Pool foundation cracking is a big deal. While a $2,500 assessment is high, I don't think we'd save a ton of money by joining a different pool (since we'd have to buy in again), so we'd probably just pay it.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Op, explain what it is they are having done. No one can comment intelligently without knowing some details.
Total pool overhaul, total bathroom overhaul, new driveway, new parking lot. Pool foundation is leaking, trees damaged foundation. They say its like 3.5 million project - costs have gone up, etc. It feels like they could just do the pool and the driveway and leave the parking lot and bathrooms for another day, but they don't want to do that. The renderings are very nice, but they claim we are losing members from wait list because there is not a separate "learn to swim" area which seems speculative. It's a lot of money, and we scrimp in other ways to pay for it because kids love it so much. Membership is capped under 400 because of county regulations, so they essentially need a large assessment to get a good interest rate for loan. They have healthy reserves but don't want to use them (this also has something to do with the interest rate).
$2,500 x 400 is $1M. So how are they doing a 3.5M project for 1M without tapping the reserves?