In a message dated 3/5/12 3:39:24 PM Pacific Standard Time, BAERENTATZE312@xxxxxxx writes: In summary we are spending more than we are taking in, and that's a road to disaster. Unfortunately they also reported that while they have most information necessary they still are waiting on information to provide a completed report. My question as a member is â??why is this not being provided?â?? This is not new, and this has been known for some time. When I served on the board, every year we were told the report was not final, as they needed more information. Nadine Grady did a great job getting things in order, and the new group is working hard to find solutions. We were told by the auditors we needed a one year reserve, and we had a reserve of about $800,000.00. Now I am told we are down to less than $400,000.00 and have a commitment of $200,000 to the centennial location. This is more than a concern, and I am not sure what the solutions will be. I am told by a number of people that the club has some real problems with finances, and that either we have to cut spending, or raise revenues. I know that the idea was to get sponsors for the centennial. I do not know if it is done, or being done. The GSDCA is in the same situation as our government, but we do not have the ability to create assets. It is going to take a real effort to stop the direction we have gone for the past eight years. The first solution is to identify the problem. The next is to find a solution. Continuing to do what we have done in the past is a formula for diaster. This board is up to the challenge, and has the right people working on it. I have faith in our board, and the finance committee. We must be ready to assist them in whatever way is needed. Evan Ginsburg Asgard German Shepherds http://www.asgardgsd.com/ Where Type Movement and Temperament come together ============================================================================ POST is Copyrighted 2011. All material remains the property of the original author and of GSD Communication, Inc. NO REPRODUCTIONS or FORWARDS of any kind are permitted without prior permission of the original author AND of the Showgsd-l Management. ALL RIGHTS RESERVED. Each Author is responsible for the content of his/her post. This group and its administrators are not responsible for the comments or opinions expressed in any post. ALL PERSONS ARE ON NOTICE THAT THE FORWARDING, REPRODUCTION OR USE IN ANY MANNER OF ANY MATERIAL WHICH APPEARS ON SHOWGSD-L WITHOUT THE EXPRESS PERMISSION OF ALL PARTIES TO THE POST AND THE LIST MANAGEMENT IS EXPRESSLY FORBIDDEN, AND IS A VIOLATION OF LAW. VIOLATORS OF THIS PROHIBITION WILL BE PROSECUTED. For assistance, please contact the List Management at admin@xxxxxxxxxxx VISIT OUR WEBSITE - http://showgsd.org SUBSCRIPTION:http://showgsd.org/mail.html NATIONAL BLOG - http://gsdnational.blogspot.com/ ============================================================================