2025 Financial Performance and Proposed 2026 Budget
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Report on Fiscal 2025 Financial Performance and Proposed 2026 Budget
By Brad Thomas
Mill Creek Rifle Club Treasurer
Thanks to the continued strength in Mill Creek Rifle Club’s core membership and measured expansion in new member growth, your club improved its financial condition during 2025. And, most importantly, the strength of the Club’s financial resources was able to support the excellent work the maintenance team provided during the year, as well as funding key construction improvements, including the build-out of the new Founders Range (Multipurpose 4) and preliminary improvements for the 25-Yard North range.
2025 in Review
The Club increased its operating and contingency reserves by 18 percent during 2025. These reserves are important, as they represent funds set aside that would allow the club to recover operations in the event of a catastrophe, as well as finance potential growth in facilities.
The Club’s financial performance during 2025 was also aligned with the 2025 Budget approved last year. Let me note a few highlights:
- Total revenue for 2025 exceeded budget by $25,000 (+6 percent), as new member additions, competition activity, and investment income all exceeded expectations.
- Total operating expenses (including special projects) were within 1 percent of the budgeted amount ($2,500).
As a result, the operating surplus for the club in 2025 was $27,000, which exceeded budget expectations by $16,000.
Expectations for 2026
For 2026, the Board is proposing a detailed budget that can be summarized as follows:
- $387,000 in total revenue, down $13,000 from 2025
- This currently assumes no increase in dues or other fees during 2026 and a reduction in the pace of new membership expansion and competitive events for the year.
- $304,000 in operating expenses and a project pool of $45,000, an increase of $11,000 from 2025
- This anticipates funding top-notch range maintenance, completion of improvements to 25-North, ongoing enhancements to the Founders Range, and other projects, if permitting.
- This will result in an anticipated operating surplus of $10,000.
I hope you all were fully able to enjoy the facilities and fellowship provided by the club last year. We look forward to seeing you all out here in 2026.
If you have any questions or recommendations on the club's financial position and budget expectations, please plan to join us for the annual membership meeting at 7:30 p.m. March 3 in the Clubhouse.
