2020/21 budget: should we consider raising membership fees?
Tony Shield correctly pointed out on another thread that, "expenditure for microgrants has been approved, and unexpected expenditure for Loomio incurred - should budget planning be started and revenue raising reviewed? Last year there was a proposal to increase some membership fees- should membership fees be reviewed so that income matches expenditure aims?"
Yes, absolutely. Let's gather some opinions before we get too close to the AGM (in May/June).
I don't have the finance figures to hand, so could a fellow-Director chime in with some a very rough budget statement please? Just the facts.
Connected to this: Administration of corporate membership is a proving to be a pain. We issue invoices which then have to be chased. The majority are SMEs and the time/effort cost outweighs the money brought in. We then have to repeat on renewal.