From The President - By Todd Michal
Dear Members, It great to see both aircraft flying so much over the past month. Flight time on the arrow is relatively high as the members build time to meet insurance requirements. In addition to the training time, the Arrow was used on two trips this month to drop students of at college in Springfield and Kansas City (sure beats driving). We are close to adding a new member, Shiv K Patil, to the club. A membership vote is in progress to admit Shiv into the club. Shiv would be the 13th member in the club leaving 3 remaining openings. John plans to start the Cessna annual on Friday, 30 April. Most of the annual effort should be completed over the weekend but it may stretch into the following week if unanticipated parts are required. If you can help out during the annual inspection, please let John know when you are available.
Happy Takeoffs! Todd Treasurer's Report - by Mike McBride Flying hours were strong in the past month, with the C172 logging just over 9 hours and the Arrow logging 18 hours. Fuel prices stayed steady; TACAir's retail price is $5.48 per gallon, and our flight charges held steady at $65 and $87 per hour. The Treasury balance is close to where we need it going into Annual. We have continued to carry the Full member monthly dues level for the time being; the shortfall in the funds are being recovered against the Arrow equity funds for now. We'll true-up on those funds via assessment every two to three months to avoid larger assessments that might impact Full member financials significantly. If you have any questions about the handling of the equity funds and the dues shortfalls, please let me know and I'll explain how I'm handling those. Equity calculations have also been adjusted slightly to more accurately allocate equity between Full and Limited members, and to reflect Arrow equity shortfalls into Full member share values. If you have questions or concerns about either of those, I'll be glad to discuss in detail. Fly safely! Mike
Maintenance - by John N20843
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