Granby Crew Budget Overview
COST OF CREW
FIXED COSTS
•
Costs which must be covered no matter how big our crew is.
•
Including: Business Fees & Expenses, Bank Charges, Equip rental and
maintenance, Taxes, Rent, Utilities, Membership Fees, Fuel, Insurance, etc.
•
Total Fixed Costs = $20,500
ROWING SEASON COSTS
•
Dependant upon the number of athletes per season
•
Includes: Regatta Fees, Regatta Food, End of Year celebration and awards.
•
Total costs = $ 10,500
NOT INCLUDED IN BUDGET
Travel – Busses
Uniform Costs – repair this year, replace in future
Equipment – new equipment is not included in this budget.
Coaches – Traditionally Granby Crew did pay our coaches a small income.
Last year (2017-2018) coaches offered to be volunteers, but to
keep good coaches we need to have a budget that includes coaches
pay.
TOTAL BUDGET = $31,000
FUNDING
•
Dues
•
Cover Annual Operating Costs
•
Pay Coaches??
•
Annual Fundraising
•
Travel, Financial Assistance, Extras
•
Capital Campaign
•
Shells, and other equipment
CAPITAL CAMPAIGN
MATCHING!!!
•
Up to $10,000 in donations matched by September 30
th
•
Short term goal = New Equipment, specifically shells
•
Long term goal = Establish a separate fund to finance good equipment at good
prices when available.
•
Doesn’t End on Sept 30
th
, but matching does.
DONATORS
•
Granby Crew Families
•
Goal 100% of current families participate
•
$10 donation is all it takes to participate
•
Extended Family
•
Students & Alumni
•
Neighbors
•
Teachers
•
Community Supporters
•
Granby Graduates who “made it”
•
Anyone know Grant Gustin?
•
Corporations
•
National Foundations
•
Social Media
ANNUAL FUNDRAISING
•
How
•
Bazzar – Spring and Fall
•
Booster Club Apparel
•
Car Washes
•
Wreaths
•
Ynot Days
•
Why
•
Travel costs – Busses
•
Infrequent costs – uniforms
•
Financial Assistance
DUES
Not fun but necessary
DUES
•
Annual Operating costs to be
covered by Dues.
•
The cost to run the team is covered
by the team
•
600+ hours of activity over the
course of the school year.
Financial
Assistance
Available
TYPICAL ROWING CLUB FEES
•
USA Rowing Suggestion is $1,000 per season = $2,000 per year
Great Bridge = $200 per month + uniform purchase
Cox = $1,300 per year
McLean = $1,000 + mandatory fundraising
First Colonial = $900 + uniform
Hickory = $1,200
2018-2019 DUES
•
Fixed Costs = $400 per athlete
•
Rowing Seasons = $300 per athlete
•
Fall = $100
•
Spring = $200
•
Total For Full Year = $700
•
Estimated 45 athletes = $31,500 Covers current Budget.
PAYMENT SCHEDULE
•
Sept 7
th
, Friday first week of school
•
$50 = first month of rowing for novices
•
$200 = First payment for Varsity (1/2 of Fixed Costs)
•
October 12
th
•
$150 = remainder of fixed cost of rowing in fall for Novices
•
$100 = Cost of Fall Rowing, All Athletes (never charged if joining Winter or Spring)
•
February 1
st
•
$200 = Fixed cost of rowing 2
nd
payment
•
March 1
st
•
$200 = Cost of rowing in the Spring
FINANCIAL ASSISTANCE
•
Need Based
•
Separate Funding from operating costs
•
Separate Savings Account
•
Have $3,000 available
•
Awards based on number of applications
•
Applications Fully Confidential
•
Form on the website
•
Mail to PO Box
•
Relying on Honesty from Families
Granby Crew's budget overview includes fixed costs, rowing season costs, excluded expenses, total budget, funding sources like dues and annual fundraising, capital campaign details, a matching donation opportunity, and information on donors. The budget aims to cover operating expenses, pay coaches, fund travel and equipment needs through donations from families, supporters, and various sources. Annual fundraising events such as bazaars and Ynot Days help raise funds for the team's activities.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
FIXED COSTS Costs which must be covered no matter how big our crew is. Including: Business Fees & Expenses, Bank Charges, Equip rental and maintenance, Taxes, Rent, Utilities, Membership Fees, Fuel, Insurance, etc. Total Fixed Costs = $20,500
ROWING SEASON COSTS Dependant upon the number of athletes per season Includes: Regatta Fees, Regatta Food, End of Year celebration and awards. Total costs = $ 10,500
NOT INCLUDED IN BUDGET Travel Busses Uniform Costs repair this year, replace in future Equipment new equipment is not included in this budget. Coaches Traditionally Granby Crew did pay our coaches a small income. Last year (2017-2018) coaches offered to be volunteers, but to keep good coaches we need to have a budget that includes coaches pay.
Dues Cover Annual Operating Costs Pay Coaches?? FUNDING Annual Fundraising Travel, Financial Assistance, Extras Capital Campaign Shells, and other equipment
MATCHING!!! Up to $10,000 in donations matched by September 30th Short term goal = New Equipment, specifically shells Long term goal = Establish a separate fund to finance good equipment at good prices when available. Doesn t End on Sept 30th, but matching does.
DONATORS Granby Crew Families Community Supporters Goal 100% of current families participate Granby Graduates who made it Anyone know Grant Gustin? $10 donation is all it takes to participate Corporations Extended Family National Foundations Students & Alumni Social Media Neighbors Teachers
ANNUAL FUNDRAISING How Why Bazzar Spring and Fall Travel costs Busses Booster Club Apparel Infrequent costs uniforms Car Washes Financial Assistance Wreaths Ynot Days
DUES Not fun but necessary
DUES Annual Operating costs to be covered by Dues. Financial Assistance Available The cost to run the team is covered by the team 600+ hours of activity over the course of the school year.
TYPICAL ROWING CLUB FEES USA Rowing Suggestion is $1,000 per season = $2,000 per year Great Bridge = $200 per month + uniform purchase Cox = $1,300 per year McLean = $1,000 + mandatory fundraising First Colonial = $900 + uniform Hickory = $1,200
2018-2019 DUES Fixed Costs = $400 per athlete Rowing Seasons = $300 per athlete Fall = $100 Spring = $200 Total For Full Year = $700 Estimated 45 athletes = $31,500 Covers current Budget.
PAYMENT SCHEDULE Sept 7th, Friday first week of school $50 = first month of rowing for novices $200 = First payment for Varsity (1/2 of Fixed Costs) October 12th $150 = remainder of fixed cost of rowing in fall for Novices $100 = Cost of Fall Rowing, All Athletes (never charged if joining Winter or Spring) February 1st $200 = Fixed cost of rowing 2ndpayment March 1st $200 = Cost of rowing in the Spring
FINANCIAL ASSISTANCE Need Based Applications Fully Confidential Separate Funding from operating costs Form on the website Separate Savings Account Mail to PO Box Have $3,000 available Relying on Honesty from Families Awards based on number of applications
