May 2023

Dear Supporters of the CYC Junior Division:

WE ARE GETTING READY FOR THE 2023 SEASON!

2023 Budget

	2021 (actual)	2022 (actual)	2023 (proposed)
PAYROLL	$34,151	$43,540	$42,700 *Cut 1 Staff
INSURANCE	$8,182	$13,880	$16,200
PROGRAM	$8,282	$6,768	$11,575 *Includes AED
BOAT SUPPLIES	$1,856	$1,037	$5,525 *Includes New Motor
TOTAL BUDGET	$52,471	$65,225	$76,000

Our board has faced many challenges in the past in regard to our budget and this year is especially difficult. We have been committed to keeping our tuition as low as possible. We have kept our tuition rate the same for 7 years, even after the pandemic and as our costs increased. However, this year, increases in salaries and insurance, factors beyond our control, have put us in a difficult position. We want to continue to offer a quality program with safety as our first priority. This means training and hiring the appropriate staff as well as maintaining our fleet and being properly insured. The following is a comparison of the costs over the last three years for our largest expenses (Payroll (minimum wage increase of $1/hr this year), Insurance (which includes liability, building, and fleet), Boat Supplies (gas, maintenance, repairs, and replacement) and Program Expenses (such as: overhead cost of staff training & certifications, web page, registration system, internet/phone, first aid supplies. Along with activity supplies and safety equipment).

This year we will face an enormous challenge to meet our budget even with the tuition increase. We have tried to keep our cost as low as possible and will continue to fundraise to offset the cost.

Our goal will be to raise $17,000 this year so that we can meet all our needs.