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Introduction of a Minimum Spending Requirement

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1 November 2017

Dear fellow members,

In April 2016, the board of governors consulted all club members on the financial pressures facing our club. We subsequently raised monthly subscription fees for the first time in nearly 20 years. The then-board warned that further revenue-raising measures would be necessary.

Since the beginning of this year, we have already taken measures such as raising joining fees for all new members and reducing administrative expenditure. Further options considered by the current finance committee to boost revenues included: a further $150 increase in monthly subscriptions, a hike in F&B prices of 16% or a minimum-spending requirement.

After much consideration and effort to find an option that will have the least financial impact on members, the board decided the minimum-spending requirement of $300 per month was the best option. Last month, the current board resolved to implement this proposal.

From January 2018, $300 of spending on food and drink in the club, or purchased to takeaway, will be billed to every member’s account every month. If you spend that amount or more, which I hope most of you do, this will not cost you any more than you are currently paying.

If you currently do not, we hope that this will encourage you to make greater use of the club, join our club events with guests, invite some friends for drinks or simply order some of our great value take-away wines.

Since 1997, the monthly subscription fee has only been raised once, last year. We hope the new minimum-spending requirement will be as widely accepted by members.

As always, we welcome your feedback, questions and suggestions on how to improve our service and offerings to you.

Yours sincerely,
Juliana Liu
FCC president

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