>>>they felt necessary to have an increase to cover all their cost that have been going up too.

Really?

According to the latest published financials, the club did not lose money and it spent almost $9000 on a video which some admit may have not been a great idea. The dues increase will raise approximately $25,000.

I realize that a lot of folks don't care about the increase or the fact that not everyone will pay it but it clearly is not to cover -current- operating costs.

If the club wants to establish large reserves, that's fine. But what is the reason for the reserves and how did they determine the amount?