President's Letter to Members December 2020
Dear Member,
Trust you and your loved ones are well and have survived this very testing year. We certainly have had our challenges protecting your Club, in this unpredictable and tumultuous year.
As with most other Clubs and Associations, we have had to defer our 2019/2020 Annual General Meeting [A.G.M.]. Our A.G.M. is now planned for 2.30 pm on Sunday 28th February 2021. We are currently considering the best options, and strategies, for our Club going forward. These will be put before our Members as soon as possible, certainly before the A.G.M., and we will seek, as always, Members comments and suggestions, both prior to, and at our A.G.M.
The Committee of Management [C.O.M.] is currently reviewing our lease arrangements for the Celtic @Metropolitan with the State Government. The Covid 19 induced lockdown since March 2020 has prevented trading, our major income source, but not the significant ongoing costs relating to our occupancy of the Metropolitan. Furthermore, there would be considerable startup costs at the Metropolitan, which would be exasperated by ongoing “Covid normal” restrictions. In view of this changed situation, we may decide not to return to operations, as before, at the Metropolitan, unless we can receive a significantly better arrangement with our landlord [the State Government]. We should know the outcome of our negotiations early in the New Year, certainly before the scheduled time of our A.G.M.
Looking forward, after the disaster that has been 2020, we are confident that our Club will have a much better home, and a significantly increased income in 2021, with no further losses. Not that this is, in any way, an unrealistic belief given our Club retains over $17 million in cash reserves and has no debts. Under the guidance of our new Treasurer, Professor Patrick McGorry A.O., we have reviewed our investments, increased our financial returns, and improved their security. I would like to take this opportunity, on behalf of the C.O.M. and all our Members to acknowledge Professor McGorry’s achievements in these key areas.
The support of our Members in this difficult year has been amazing. Despite the difficulties of the year, our Membership has remained remarkably stable. We currently have 522 eligible voting Members, which compares well with the tally of 556 eligible voting Members at the time of our last election in 2019. One Member, in a striking gesture of support, offered to pay ten years Membership in advance. He was thanked for this kind offer, but it was respectfully declined. Thanks to our current arrangements with Luminant, we have improved our communications with Members, with many of you having spoken to their team in recent weeks as we finalised renewals. Your calls, and e-mails, to our Office are very welcome, and will be promptly followed up.
I am pleased to report that our Club was a major sponsor of the Irish Australian Support & Resource Bureau “My County” Christmas Party on 16th December 2020 and will be significantly supporting Brigid Fest to be held on 7th February 2021.
My thanks and admiration, as always, goes to the amazing women, and men, who are on our Committee of Management and Sub Committees. It is difficult enough to spend time as a volunteer on a community committee in normal times when things are going well, but to do so when there are difficulties and problems is awe Inspiring.
Finally, to our loyal Members, thank you for your ongoing support and understanding. Our Club is in an excellent financial position [Over $17 million in the Bank, no debts, and a talented and dedicated Committee].
May you, and your loved ones, have a great Christmas, and a prosperous New Year.
Brian Shanahan O.A.M.
President
Celtic Club