4138-R1_ML&P_LSLA_Web_SummerNewsletter

...And Its Vital Role

Those are just the major tasks the association undertakes every year. Other ongoing tasks include, but not limited to:

• The Courtesy Boat Inspection Program • Watershed and Erosion Control Program • Water Quality Testing • Dam Maintenance and Emergency Planning • Educational Forums such as the Boating Safety Course

Why does Little Sebago Lake Association want one? The primary reason is to build up a fund in the event our dam ever failed. The expense would be huge and the more we can put away, the easier it will be to react if needed. The secondary reason is to help fuel our daily operations by utilizing the interest from the fund as needed. You would think that the dues and other donations would be enough, and we usually break-even year after year, but having a cushion we can depend on would certainly help keep up all of our activities. We only have participation from about 50% of the folks on the lake, and many of them only send the $25 for the annual dues. Why such a low number baffles us too with all the work our volunteers do every summer. What will the Board do with all that money? As previously stated, we are looking to build up the fund for that day when the dam will need serious attention. Whether it’s five years from now or 50 years, the fund will be there for the board to use if needed. As a side benefit, having the revenue stream to offset operating costs would be a huge help. If we don’t need it, then the money will

roll back into the fund. How can you help?

Think about giving or leaving your legacy behind with a major donation to our endowment fund. Your kindness will keep giving in perpetuity for the preservation and protection of our lake for many generations to come. After all, isn’t it about the good memories and ensuring new ones will continue to be made? Absolutely!

17