──────────────────────────────
Proposed Membership Dues Increase
Over the past five years, our annual overhead expenses (insurance, affiliations, administrative costs) have increased by 94%, while membership dues have stayed at $75 per year.
5-Year Increase in BFSC Overhead Costs (2021 → 2026)
Aqualand slip for Favored End: $0 → $500 (+$500)
BoatUS towing insurance: $76 → $109 (+$33)
Chubb liability insurance: $1,250 → $2,876 (+$1,626)
LARC dues: $725 → $825 (+$100)
US Sailing dues: $225 → $260 (+$35)
SAYRA dues: $0 → $100 (+$100)
Georgia non-profit registration: $30 → $40 (+$10)
PO Box annual fee: $138 → $226 (+$88)
Wix website annual fee: $277 → $345 (+$68)
Total overhead: $2,721 → $5,281 (+$2,560)
Per family membership: $36 → $70 (+$34)
Notes: The slip figure is what we expect to pay next year for Favored End's Aqualand slip; our actual 2026 cost was $2,607. 2026 covers June 1, 2025 – May 31, 2026, and 2021 covers June 1, 2020 – May 31, 2021. Per-family figures assume our typical 75 memberships.
To maintain financial stability, we ask members to vote on one of the following annual membership dues options (estimates based on 75 family memberships):
Option 1 ($95/year): A $20 annual increase ($1.67/month), generating ~$1,500 in additional revenue to help offset rising expenses.
Option 2 ($110/year): A $35 annual increase ($2.92/month), generating ~$2,625 in additional revenue to fully cover increased overhead and provide financial flexibility.