Granby Crew: Operating Costs and Fundraising Details

1. Cost of crew

2. 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

3. 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

4. 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.

5. Total Budget = $31,000

6. Dues • Cover Annual Operating Costs • Pay Coaches?? • Annual Fundraising • Travel, Financial Assistance, Extras • Capital Campaign • Shells, and other equipment Funding

7. Capital Campaign

8. 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.

9. 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

10. Annual Fundraising • How • Bazzar – Spring and Fall • Booster Club Apparel • Car Washes • Wreaths • Ynot Days • Why • Travel costs – Busses • Infrequent costs – uniforms • Financial Assistance

11. Dues Not fun but necessary

12. 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

13. 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

14. 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.

15. 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 2nd payment • March 1st • $200 = Cost of rowing in the Spring

16. 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