The KLCOA Board of Directors has now reviewed the 2020
year-to-date financial position of the organization. Due to the ongoing support
of our membership this year, combined with decreased 2020 expenses (due to
events cancelled and deferred because of COVID-19), we have generated an
operating surplus. As such, the KLCOA will be offering an optional COVID-19
rebate of $20 towards 2021 membership renewals.
The rebate will be offered as a onetime optional coupon against the 2021
membership renewal.
When you receive your 2021 invoice you will be able to apply a coupon called
“Optional COVID Rebate” to your invoice to reduce the amount from $40 to $20
OR
When you receive your 2021 renewal invoice you can choose NOT to apply the
coupon and pay the full $40 annual membership renewal. If you choose
this option, the $20 rebate that you did NOT take will be divided equally
between the general reserve fund* and an account for specific initiatives as
recommended by the board.
This optional rebate will only be available until March 31, 2021.
*The current general reserve fund is approx $24,000 and has been at that level
for a number of years. The board of directors believes that it would
be prudent to increase the reserve fund to a level that is closer to the
recommended one year of operating costs which is approx. $30,000.
2021 MEMBERSHIP RENEWAL UPDATE
![2021 MEMBERSHIP RENEWAL UPDATE](https://klcoa.org/wp-content/uploads/2018/01/ad-sidebar-klcoa.jpg)