In keeping with BC Hockey Bylaw 906, please find attached for your information the 2019 - 2020 BC Hockey Operating Budget as approved by the Board of Directors on January 29, 2019.
The budget will be reviewed as part of the financial report at the 2019 BC Hockey Annual General Meeting (AGM), and in advance of that presentation please note the following background to key items contained in the document:
We are fortunate to be in a position to fund this deficit from prior year surpluses, and the BC Hockey Board of Directors has directed that these surplus funds be utilized rather than adjusting fees at this juncture. Funding from the 2019 World Junior Championships, prior year surpluses in the Unrestricted General and Development Fund, and the General Contingency Reserve Fund are being accessed for this purpose.
BC Hockey programs are operated on a break-even basis wherever possible, though this is not always possible in some areas including female recruitment/programming and membership services (i.e. Championship Host Grants, operation of the Annual Congress).
In addition to the past practice of seeking approval for fee increases three (3) years in advance, the Board of Directors will also be recommending an adjusted amount of the fee increase from twenty-five to fifty cents per participant. The growth in our operations and to the support offered to our member associations and teams has resulted in an increased level of costs for general expenses. Services that have recently been developed or put into place include:
Operations Update meetings,
Piloting and support of new tools to enhance administration of the game,
With this increase in services, the Board of Directors is suggesting that an annual fifty cents (3.8%) fee increase is reasonable given that the overall costs related to general expenses and membership services have increased by 4% when comparing the 2018 – 2019 fiscal year to the coming year. While the Board of Directors has deemed it to be prudent for the 2019 – 2020 budget to include subsidies of surplus funds from prior years, this is not a sustainable solution over the long term.
If you have any questions regarding this notice or the attached budget information in advance of the Annual Congress, please contact Carla Soares at firstname.lastname@example.org.