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29/08/2023 ECF Membership Structure Postscript
Further to a previous article the table below is offered to explain Gold-Silver flat-rate membership fee of £33 mentioned in the paper outlining the ECF Board’s proposals. It takes the forecast for 2022-23 final membership totals presented to the April Finance Meeting as the basis for numbers of members in the calculations. It uses current (2022-23) fees to predict income from membership fees under the present system (“status quo”). It uses the same fees except for those suggested for Gold and Silver members in the proposals.
A flat-rate fee of £33.146913 would make the total income from the two systems the same, so £33.15 would be the indicated rate to maintain the present income from the same membership numbers, but £33 is tidier.
The QGS Supporter category has been abolished, while Life Membership does not involve payment of a fee. Free Silver junior membership seems to be being discontinued.
That set-up would be definitive under option 2, but under option 1, new Bronze members would join at the flat rate of £33 or whatever it had been increased to. Meanwhile the number of legacy-Bronze members (“grandfathered” Bronze Members in the paper’s terminology) would dwindle to zero in time.
If Bronze membership were included in the merger to give a single rate for Gold, Silver and Bronze (not being proposed by the Board), then the flat rate which would generate the same income as the status quo is £26.241551, which would get rounded to the £26 mentioned in the paper for the AGM.
So, this webmaster can support the ECF Finance Director’s numerical guidance given in the paper.
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