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Lakeshore Swim Club

Information Notice - Fees

August 30, 2011

Dear LSC Parents

Hope you all have had a great summer.

We would like to welcome back all the returning families, and a special welcome to those who have recently joined Lakeshore Swim Club.

We had an exceptional season last year and we are sure that this trend will continue going forward. We are now firmly entrenched as a Division I team, and our athletes also had tremendous success.

We hosted 2 successful meets including the CAN-AM meet last December and our fundraising was also a success.  This coming season we are looking forward to hosting Ontario Provincial Team Championships – Division I at the Etobicoke Olympium.

Below are the fees for the coming year.  It is important to note that these rates are amongst the lowest in the Province and reflect our commitment to maintain a not-for-profit club structure.

Group

Swim Ontario Registration

Club Fees

Meet Fee Deposit (Escrow)

Total

Deposit

Payment Schedule (with deposit)

Comp-6

$120

$1990

$750

$2860

$ 250

($870.00 x 3 payments)

Comp-5

$120

$1795

$750

$2665

$ 250

($805.00 x 3 payments)

Comp-4

$120

$1370

$650

$2140

$ 250

($630.00 x 3 payments)

Comp-3(TOP)

$120

$1090

$600

$1810

$ 250

($520.00 x 3 payments)

 

The Detail

·         Swim Ontario Registration – the amount we must pay Swim Ontario to register your child as a competitive swimmer. 

·         Club Fees – the amount we collect to pay the expenses of running the club.

·         Meet Fee Deposit (Escrow) – the amount we collect to pay the entry fees for your swimmer at meets.  Your meet fee deposit will be used to establish an account from which we will pay meet entry fees for your swimmer.   The amount collected is an estimate based on actual and project meet costs and participation.  If your swimmer swims in fewer meets than anticipated, the amount left at the end of the season will be refunded.  If your swimmer swims in more meets than anticipated, we will ask you to top up the meet fee account.

Payment Policy

Any outstanding amounts from the previous season must be settled before the practice season begins.

We will accept either one lump sum cheque dated September 12, 2011 OR three installments (post-dated cheques) dated September 12, 2011, November 14, 2011 and February 10, 2012.

Cheques should be made payable to "Lakeshore Swim Club".  Payments can be placed in the Treasurer's mail folder in the club office at Gus Ryder Pool during practice times.  Do not leave cash in the mail folder.  Payments will not be accepted by City staff at the front counter.

Please indicate your swimmer's name on each cheque as this will make it easier to reconcile and identify each cheque. Thank you.

If you do not submit payment or post-dated installment cheques by September 12, your swimmer will not be admitted to practice.

Leaving the Club

Swimmers who do not swim for the whole season may receive a refund on a pro-rated basis for club fees up to February 10, provided a new swimmer is found to fill their vacant position.  As such all post-dated cheques may be cashed until the vacancy is filled.  Refunds are not paid after February 10.

The balance of any meet fee account is refundable.  Swim Ontario registration and the Hosted Meet Levee are not refundable.  The Club's Treasurer makes the decision as to whether a refund is due.

Should you have any questions please do not hesitate to ask any member of the board for more information.

Sincerely,

LSC Board of Directors 


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