Pete; I've been away from the BOD scene since 1999. Interest rates were considerably higher back then than they are now ... sometimes into double digits. The interest generated on the LM dues collected was more than enough to pay for the mailing of the club magazine to the LM's... do the math.

Perhaps the current Club Treasurer can provide a more up-to-date response to your question. You might be intersted in knowing that the Building Fund monies are also in a separate account from the general operating fund..., thanks to some individuals on the BF Committee who insisted on that precaution.