MIDCAN MASTERS BOARD MINUTES

Tuesday, June 18, 2002

 

Present: Marilyn Armstrong, Dianne Boulay, Kathleen Reid, Francie Palmer, Rod Clifton, Rod Marcyniuk, Frixos Paraskevas

Absent: Leah Barnlund

Meeting was called to order at 7:30pm.

Letter from the President:

Dianne brought a letter that she had received from the President of the University of Manitoba. Dianne had attended a luncheon put on by the President where she had an opportunity to raise some of the issues that Mid Can has raised with the University. The letter will be filed - if anyone wishes a copy please let me know.

Treasurerís Report:

Rod had prepared an income statement. Rod figures that we will make a $500.00 profit this year. Pool shutdown this year will be from August 22 to approximately September 15th, 2002.

As of August our bank balance will be $3,700.00

GIC - $5,200.00

Discussed many different possibilities for fee increases. Discussed a 7%, 10%, 15% and 20% increase. Our expenses for the next year will be:

Pool rental - $42.50 to the end of March 2003 then $44.00 for a total of $10,390.00

Coaching - $30.00 a practice - 50 weeks = $4,500.00 + $100.00 Christmas bonus = $4,600.00

CSA dues - 50 members = $1,006.00

40 members = $806.00

Examples:

50 members 40 members

Current fees - loss of $2,800.00 loss of $5,400.00

7% increase - loss of $1,850.00 loss of $4,600.00

10% increase - loss of $1,250.00 loss of $4,200.00

15% increase - loss of $550.00 loss of $3,650.00

20% increase - profit of $3,800.00 loss of $3,050.00

This is assuming we break even on the Pop Sidwell (we made $900.00 - $1,000.00 last year). Discussed the fact that we should be using the GIC money as some of our current swimmers were contributors to that money.

Discussed possibility of having a wine tasting social in January/February.

Dianne made a motion to increase the fees by 7% beginning September, 2002. Marilyn seconded. Motion passed with the agreement of a mandatory social event.

Miscellaneous:

In Leahís absence Dianne reported that we will need at least one more member on the Swim Manitoba committee.

Discussed possibility of having the Pop Sidwell in Steinbach. We could start it a lot earlier so people can be home sooner. It would be a big advantage to those swimmers coming from Kenora. The U of M is not able (or willing) to give us the pool any sooner and we are continually going overtime.

 

Meeting Adjourned: 8:30 pm.

Next meeting: Thursday, September 12th, , possibly at Francieís.