From The President - By PIC Dear Members, Merry Christmas and Happy New Year!! The work on re-incorporating the club is proceeding. I've drafted the new Articles of Incorporation and By-Laws, adding quite a bit to clarify the operations of the club. I sent the initial draft to the club officers, Todd and Charley to get their feedback. I really appreciate the input provided by Mike Warakomski and Mike McBride. I've incorporated their inputs and have now sent the drafts onto our lawyer, Tom Mug, for his review. My plan is to receive his inputs, coordinate any proposed changes with the club officers and then send them out to all the members for approval. Hopefully this will all happen over the holidays or early next year. Tom Mug is actually switching law firms at the beginning of the year where he will officially start our file up with the new firm. If you haven't already responded to Chris with the info needed for the insurance renewal quotes, please do so. Chris needs this info to get as competitive a rate as possible! Another document that is in work is an Operating Handbook to clarify the ground and hangar procedures of the club. Todd had started it, I've updated it to remove duplication with the By Laws and Charley has added quite a bit regarding aircraft care/cleaning and tug operations. I hope to have this published to all the members by next month. A big thanks to John for installing the new Engine Analyzer in the C-172! It looks great and I think it's constant, visual reporting of engine parameters will be a real improvement. I wish each of you, and your families, a great Holiday season and best wishes in the New Year! Happy Landings! Pic Treasurer's Report - by Mike McBride Retail fuel charges for the month at TACAir were $6.54, which was a rise of about $0.30 per gallon (see explanation below); this put flight rates for the C172 and Arrow at $74 and $98 per hour, respectively. Flight time was low this past month, at about 7.5 hours for the C172, and just under 17 hours for the Arrow. Current Treasury and Adjusted Treasury balances are strong; maintenance and repair expenses for the month were very low. This month's billing statement includes an assessment of $37.50 per member ($600 total), to cover the anticipated charges for the new ELT for the C172. This was approved at the recent membership meeting. Also approved were improvements to the engine monitor displays for both airplanes; the billing statement reflects the allocation of $1080 out of each improvement fund to cover those expenses. At this point in time, both improvement funds are in the red, but will build back up over the next few months. Finally, the escrow funds for the personal property taxes were transferred to cover those expenses. The taxes were about $120 higher than budget, with the difference covered out of treasury funds. I've discovered an error in the way I have been calculating average fuel prices from TACAir over the past year; we get a monthly report from them showing fuel usage and fuel charges by aircraft, but the charges they show include only the fuel portions, exclusive of taxes. As a result, our fuel rate on all of our calculations has been low by about $0.27 to $0.29 per gallon for most of 2011. This has two pertinent implications: first, the fuel rate has gone up by the amount of that delta (with commensurate increases in the flight rate); second, we have under-charged for flight time throughout 2011. I've done the corrective calculations, and the impact for the full year by member is shown below. These charges reflect the flight charge delta in each aircraft (individual flight hours times delta hourly fuel rate for the aircraft), as well as corrected fuel credits for any off-field purchases:
I have a detailed breakdown of the charges for each member, and will send that out to all members separately; I also am available to discuss this with anyone who has questions. I will include these additional flight charges on the January Billing Statement. My apologies for the error, and for any inconvenience this causes you. I'll also be sending out a Summary Annual Report showing various fund balances and flight rates, similar to what I presented at the recent club meeting. Fly Safely Mike
Maintenance - by John N20843
N2242N
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