LHCC’s dues are too high by as much as 46%, and spending is out of control. Worse still, LHCC’s directors want to make a profit of almost $1 million on the backs of members in 2007.
To fully understand this, we need to look at LHCC’s original budgets for 2006 and 2007 and correct them for several financial management mistakes. Since we’ll be developing our own corrected budgets, we’ll refer to the budgets available on LHCC’s website as of today (and linked above) as the “original” budgets and our own versions as the “corrected” budgets.