Quote:
Originally Posted by Sperry
Also on the money issue, my point was that amount of money isn't a deathblow to a halfway decent chapter. Take FIJI at Auburn, they have 145 members. Dues are around $2,200 a semester, or $4,400 a year. Multiply that together, that's $638,000 a year, just in dues. So, $940,000 isn't all that much in the grand scheme of things.
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But you failed to factor in that there are expenses that must be paid through out the year. It's not like that $638,000 is just extra cash lying around.
Using my own Chapter as an example, we set up our budget with a 5-10% surplus to cover any unexpected expenses. Whatever is left over gets put into savings for future long term expenditures like house renovations or major repairs. Losing almost $1 mill would take years to replace. It would delay many major projects. It might even force us to take out a loan if it were something critical that had to be done ASAP.