I have been asked by a fellow hubber to write something as an ex PPA committee (EXCO) member on why the PPA has managed to save so much cash that they now need to create an investment trust to hold this money for fear of a "hostile take over"! Firstly, please remember that being on the EXCO is basically a voluntary JOB (yep it's a job and yes a small Honoraria is paid annually, and a few of the EXCO members donate to projects of their choice or donate back to PPA). Also please remember that although PPA is a non profit association (as a non profit association SARS does allow for a bit of saving) the EXCO can be held accountable for the way in which the money is spent by you the PPA member. Currently PPA is sitting on cash / investments which would be able to cover the annual cost of the organization for about 3 years - looking at the figures presented at the AGM. How do we the members motivate the EXCO to spend more on cycling and less on investing? Given the current investment process, enough is invested annually to cover more than half a year's PPA running cost, even allowing for the EXCO to make a few bad decisions on how the money is spent. How do the members motivate the EXCO to spend the money they receive on a annual basis, given that we are members now and as members we expect the full benefits of being members while we are members. I would possibly go as far as to say money not spent on cycling each year should become a rebate on the following year's membership fees! So if 1 million is not spent and their are 20 000 members then each member get a R50 discount on their membership fee. But the reality, and maybe I only speak for myself here, is that I would way prefer to see my R50 being spent on cycling! I certainly don't need to see it being saved indefinitely in case of a rainy day when I may no longer be alive or be a member of the association! I want the EXCO to invest as much as possible in all forms of cycling while I am a member (have been for 30 years), while still having a bit of reserve funding for future members. Right now my feeling is that the reserve funding is out of line to what is needed, while more can be done for cycling right now! Area where (more) money could quite easily and wisely be spent - certainly in your post add your idea where you as members would like to see PPA improve cycling for all: 1. Road safety - I have said quite a bit in the post titled "Cyclist knocked down in St James this morning." 2. An integrated timing entry system - definitely possible! Imagine being able to arrive a fun ride without needing to do anything except have your timing chip and by crossing the timing mat you would have entered! Naturally there would be some entry tables for people without chips / 1st time cyclists - but all this man power could be re-deployed as marshals (I am a road racing cyclist) to help traffic flow. 3. I personally would love to see events like the Giro del Capo back on the PPA calendar and more spent on the PPA league racing - but if the money is been spent wisely on other cycling events, I can quite well understand why this would be at the bottom of the pile to a fun ride association - but I would definitely put it above money just being invested in case of a rainy day, as I do feel events like this offer the greater cycling community benefits. Currently an extract from PPA front page: "The Pedal Power Association is extremely saddened that a cyclist was killed this morning on our local roads. The Cycle Tour was started 35 years ago as a protest ride to bring to the attention that very little was being done by the authorities for cyclists and in particular, their safety. So many years later and we are gradually seeing the number of incidents involving cyclists increasing, instead of decreasing due to drivers who still do not give cyclists the respect they deserve." By creating an investment trust is the EXCO really serving cycling the way it should be with proceeds for the Cape Argus Pick 'n Pay cycle tour? Could this not actually be called irresponsible behavior by the EXCO - given what the Chairman has stated in the above extract? I personally feel that we the members need to guide the committee on how much they are allowed to invest in this investment trust and should instruct the EXCO to spend the rest wisely on cycling on a annual basis, or return the excess funds to the following years membership (yes this is a year out of date but would be the easiest way to implement it and hopefully motivate the EXCO to spend the money wisely).