We are not a big business, but our club does need money to run. Our two biggest sources of income are from membership and race nomination fees.
Racing membership fees have remained static for a few years but will increase by $20 in 2019. All of that extra will go to AVCC, largely to cover increased insurance costs. Both SAMCA and our Club fees will remain unchanged. A full racing membership will cost $140 and those opting to pay the non-marshalling levy will pay $220.
At the start of the year we raised our race nomination fee from $10 to $15 to match the other two clubs. Prior to that we ran quite a few events at a financial loss. The extra $5 allowed us to cover our ever increasing running costs and to maintain a buffer to cover unexpected costs. We have no immediate plans to increase race noms but we will continue to review our expenditure.
The Committee is confident that Southern Vets remains the best value Veterans Club in SA. We host races most weekends of the year and offer a variety of mid-week training rides. Our success is largely due to our volunteers, many of whom put in hours each week to keep our club running and to ensure we have safe, challenging, and interesting events.
If you have any questions or ideas about our fee structure or finances, please speak to Club Treasurer Richard Tormet, or any of our Committee.