From The President - By Todd Michal
Dear Members, Aprils has been a rough month for flying weather but we still managed to double the flying hours from March. Hopefully the rain slows down and we get some better flying weather in May. Mike Warakomski is working to set up the next club meeting. If you haven't, please respond to Mike and let him know what dates you can attend. As approved in the last club meeting, John installed the Rosen Sun Visors in N20843 this weekend. The winch was also installed in the Cessna hangar this weekend which should make it much easier to push the plane back. As soon as the ramp dries out, we plan to paint the main wheel guide lines to help keep the plane on track while it is pulled back into the hangar. The instruction for using the winch are keep in the "Cessna Manuals" area on the website. Happy Takeoffs! Todd Treasurer's Report - by Mike McBride Fuel prices remained relatively stable this month, dropping slightly and resulting in a small decrease in the flight rates; C172 time in April was $67 per hour, and Arrow time was $90 per hour. Flight hours for the two planes were around 10 and 13 hours, respectively. Our current adjusted treasury balance is about $1,500 below our current target balance at this point; however, available cash remains strong. We had two financial transactions of note this past month: John purchased the Rosen visors for the C172, with Improvement Funds used for the purchase; and Todd paid the Use Tax on the Arrow (this tax is the equivalent of sales tax on the aircraft purchase, since we purchased the plane from out-of-state), and this was funded from the Arrow equity fund. This transaction completes the original Arrow expected expenses. Total expenses when we planned the purchase were estimated at $101,400. Our actual spend was $102,701.85, for a difference of $1,301.85, or $108.50 per full member (a variance to budget of less than 1.3%). The negative Equity balance is not a concern, as we have Arrow escrow funds that easily cover the shortfall. We will carry the negative equity balance in the Arrow equity fund until we have a member upgrade from Limited to Full, at which point we can close the equity fund. There were a few omissions on the March statement for flights and payments; those should all have been corrected on this statement, apologies for any inconveniences. Mike
Maintenance - by John N20843
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