Treasurer's Report

Jan/Feb 2004
Elements of the Budget, Part I
Part II ... Part III ... Part IV
By Tong Lee

The Board of Directors has approved some fee increases and two new membership categories.   Financial analysis shows that the cost of membership benefits exceeds revenues from membership fees by over $118,000, and the increases are necessary to narrow the disparity between membership revenue and benefits without resorting to cutting back on benefits.   (See www.usatt.org/news/membership_revenue_expenses.shtml)

In fact, we plan to introduce two new benefits in 2004:  1) An Olympic Xcel card (OXL) that offers a discount from 5-20% the purchase of goods and services from participating companies such as United Airlines, Marriott Hotels, and Gateway Computers, (www.usatt.org/news/2003_oxl_card_info.shtml) and the U.S. Olympic Store (http://store.usolympicteam.com/), and 2) the mailing of the magazine in a plastic shrink-wrap bag to prevent tearing of the cover as a result of new handling procedures by the United States Postal Service. The OXL card will be mailed to those who renew or purchase a membership in 2004 (see table below for eligible membership categories). 

The new fees, except for league memberships, are effective on February 1, 2004.  No exemption from any fee increase will be allowed for tournaments commencing after January 31, 2004, even though their tournament entry forms may have already been printed and mailed. Tournament directors should collect the appropriate membership fee and tournament pass fee during registration at the tournament site.

The box below is a summary of fees and benefits for the various membership categories.

¹A one-year household membership consists of one or two adult family members, and juniors under 17 years if age residing at the same mailing address. Please provide the names and birthdates of all household members.

²A three-year household membership consists of one or two adult family members, and juniors under 15 years of age residing at the same mailing address. Please provide the names and birthdates of all household members.

³Juniors under 17 years of age are eligible.

⁴Juniors under 15 years of age are eligible.

⁵Full-time students of an accredited college or university are eligible.  Proof of full-time enrollment must be provided.  

⁶A Booster membership is available to those who do not intend to participate in sanctioned tournaments, or coach, officiate, serve on committees or on the Board of Directors, but wish to support USATT and its elite athletes.

⁷Insurance is provided only to supervised events at affiliated clubs, and to members of USATT participating in such supervised events (contact USATT headquarters for coverage details).

⁸One ticket each for admission to the finals of the U.S. Open and one for the U.S. Nationals.