12.1 PRSR 07-14-2021 - Laserfiche WebLink

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From:Hecker, Michael To:Love, Tonya Subject:FW: Elk River Parks and Recreation Commission Request Letter - Elk River Youth Lacrosse Date:Tuesday, June 29, 2021 7:37:40 PM Attachments:2021 ERYLAX Budget (version 1).xlsx 2021 ERYLAX Budget (version 2 revised).xlsx Importance:High Can you add this message and all the attachment spreadsheets to the July 14 Commission agenda. Michael From: Brian Lambertz <bml6182@msn.com> Sent: Tuesday, June 22, 2021 2:14 PM To: Hecker, Michael <MHecker@ElkRiverMN.gov> Cc: Wingard, Karen <KWingard@ElkRiverMN.gov>; David Williams (djw62563@hotmail.com) <djw62563@hotmail.com> Subject: Re: Elk River Parks and Recreation Commission Request Letter - Elk River Youth Lacrosse Hello Michael, Thank you for responding to our request, we had hoped things would have gone back to normal more quickly, maybe we are dealing with a "new normal". When registration closed at the end of March, we were still under a full mask mandate with masks even being required for outdoor practices. Our first several weeks of outdoor practice, we required the players and coaches to wear masks inside their helmets due to the Governer's order. I believe many parents had issues with this and we did hear from several families that it was the reason they decided not to play this year. To provide financial information: I have two budgets for this year. The "planned" budget version 1 which includes our normal season with 12 teams and 200 players. I have our revised budget version 2, that shows what is looks like when we dropped to 6 teams and 100 players. We adjusted down costs that are not going to be incurred due to having less players/teams this year. You will note that the original budget shows approximately $0 profit/loss on the season, we are always attempting to break even as we are a non-profit. Next you will see our revised budget based on only 6 teams and we are projecting a -$11,600 shortfall. In reality we have a cushion in our bank account that includes the initial $10,000 seed money that the high school lacrosse program donated several years ago to help start our program, we try to keep that as a reserve. When we entered into the lighting agreement several years ago, lacrosse registration had been rising at a substantial rate, we were experiencing growth at +10-15% each year. With no season last year and -100% decline in registration it has impacted our program's budget more than we could have projected. I am still trying to figure how to budget for next season - Do we