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Here is the text that was read at the meeting which has additional information.

The Club has just one source of income which is Club Memberships. Membership have declined from the historic highs of the 90’s, and this leaves the club with a very modest income.

The club operates in a geographic area between the North Shore Amateur Radio Club in Durham Region, and the Quinte Amateur Radio Club in Hastings County.
PARC is a regional radio club with members from Peterborough City, and across Peterborough County, as as other clubs have folded, we have gained members from Northumberland County and Kawartha Lakes.

There are two major expenses facing PARC this year.

1. The VE3RB “Peterborough County” Repeater has only been operational for just a few weeks, but is already proving itself to provide extremely good wide area coverage.

To make VE3RB a permanent PARC resource, the club will need to purchase a multicoupler filter system and a commercial repeater. The current VE3RB multicouplers and repeater are on loan to PARC from Randy VE3RWN.
We have a quote for JAG-RF for refurbished multicouplers for $3,000 plus taxes.

2. The Ontario Not-for-Profit Corporations Act, 2010 is a new law that replaces the former Corporation Act in Ontario, and this requires that PARC update its articles of incorporation, by-laws and board structure to comply with the now in-force and active law. The new act is 84 pages of legal text, and we feel that a financial reserve may be needed to fund consultation with a non-profit specialist lawyer so we get this done properly. Our first email exchange with a local Peterborough Lawyer suggests this may costs about $2,000

Proposed 2024 Donation Program:

Our goal for the 2024 Donation Program is a total of $6,000 with the two items above being the primary purposes for raising funds.

A club member, who wishes to be anonymous, has proposed that PARC run a donation campaign where the anonymous member matches dollar for dollar, any donations made to PARC during the next 3 months, to a maximum of $3000+$3000.

This is exciting because if a club member donates $50, the anonymous donor will match that with another $50 and PARC will receive $100.

While our goal of $6,000 seems large, having up to $3,000 of that goal come from the anonymous donor makes this very achievable for PARC to hit this goal.