Author Topic: financial health of local associations (Read 427 times)

mumzie · « **on:** May 22, 2005, 03:38:59 PM »

I went to my first USBC annual meeting of the local association yesterday. It was enlightening at best, frightening at worst.

However, I was surprised to know that our local association owns the building it's housed in, and receives rental income to offset the cost of ownership.

Does anyone else know stuff about their local associations?
--------------------
-- The way we see the problem is the problem.

ThongPrincess · « **Reply #1 on:** May 23, 2005, 12:55:34 AM »

Since I am on our local Women's board, I do know about our local association. We have a lease on our office as does the Men's association. The local YABA works out of the secretary's home.

When the associations merge, it is looking very good that by this time next year we will be merged or finalizing the merger, they will have to decide on a location. Both the men and women's association offices have leases that will be up sometime next year. The location for the women is less costly, but with the 5 centers in LA, it is not as convenient as the men's location.

Right now our Women's Association finances are in good shape. The Men are financially in good shape also. The question is regarding the local YABA, there is a possibility they have some tax issues that will need to be resolved before any merger.
--------------------
It's not that life is too short. It's that you are dead

for sooooo LONG

Author Topic: financial health of local associations (Read 427 times)

mumzie

financial health of local associations

ThongPrincess

Re: financial health of local associations