1. Sammamish Rowing Association
Agenda
Welcome
SRA Mission
Role of the Board
Financial Review
2018 Review
Fleet Modernization
Board Election
Q&A
Annual Meeting
Sammamish Rowing Association

2. To be a national role model in community rowing through purposeful inclusion and excellence in action
Mission
Sammamish Rowing Association Annual Meeting

3. Role of the Board of Directors
Governance, policy, oversight of executive director
Board engages on the health and mission of the organization through focus areas and board committees
Executive Director
Responsible for operations and all operational decision making
Board Focus areas in 2019
Business continuity and fiscal responsibility
Continuation of the Fleet Modernization program
Better communication with members via new committees
Improvement of internal processes: HR handbook and continuing education for coaches
Committees
Development, Equipment, Executive, Finance, Safety, Strategic Planning, Junior Parent, technology
Role of the Board of Directors
Sammamish Rowing Association Annual Meeting

4. Financial Review Sammamish Rowing Association Annual Meeting
Cash as of 12/31/2018
Account
Balance
Checking
$145,849
Equipment
$47,763
New Boathouse
$30,577
Stock
$119
Money Market (reserves and more)
$1,605
Undergrounding Reserve
$150,000
Contingency Reserve
$50,000
Equipment Reserve (for emergency replacement)
Truck Reserve
$20,000
Boat Trailer Reserve
$10,000
Interest/Charges $5
Total Ending Cash Balance
$505,898
* Increases to reserves will be voted on at the February board meeting (proposal: equip +$10k, truck +$5k, trailer +$2k)
Loan Balance
$83,134
Financial Review
Sammamish Rowing Association Annual Meeting

5. Financial Review Revenue Comparison Actual 2017 Actual 2018
Total Fundraising Revenue
$172,419
$247,522
Operations
Program Fees – Juniors
$800,607
$863,489
Program Fees - Adult
$329,781
$410,621
Boat Storage
$27,789
$22,331
Independent Rowing Card
$19,044
$12,175
Regatta Income not included in fees
$29,581
$6,395
Other (RFAD, private lessons, interest)
$10,747
$5,941
Membership
$82,948
$1,830 1
Total Operating Revenue
$1,300,498
$1,322,782
Total Revenue
$1,473,002
$1,570,304
1 – Starting in 2018 the membership fees were rolled into team fees
Financial Review
Sammamish Rowing Association Annual Meeting

6. Financial Review Expense Comparison Actual 2017 Actual 2018 Operations
Program Expenses
$840,032
$1,069,454
Facility Expenses 1
$122,662
$168,411
Equipment 2
$184,494
$47,067
Loan Payment
$56,236
$25,572
WA State B&O Tax
$5,921
$6,396
Total Operating Expense
$1,209,345
$1,316,900
Equipment (Buy/Sell)
$ --- 2
$194,888
Fundraising Expenses
$31,542
$28,308
Boathouse Improvements
$12,355
$13,262
Total Expenses
$1,253,242
$1,553,358
1 - Higher in 2018 as two years of insurance were paid due to bill timing As of 2018, boat purchases are now recorded separately from smaller equipment purchases such as oars, cox boxes, etc.
Financial Review
Sammamish Rowing Association Annual Meeting

7. 2018 Review Non-compensation staff benefits
Continuation of the fleet modernization plan: replacing 63 boats minimum from 2017 – 2023.
In 2018 we purchased 7 new boats and are on track with the plan
Sold one 8+ and one 4+/x
Non-compensation staff benefits
Professional development through the University of Washington Center for Leadership in Athletics and Positive Coaching Alliance
Added parental leave and PTO in accordance with WA legislation
Started the Polar Bear 5k Run for solely for scholarship funding
Over $30K in scholarship assistance.
2018 Review
Sammamish Rowing Association Annual Meeting

8. In 2018 the equipment committee devised a fleet modernization strategy with the mission to provide a fleet that ensures a consistent, high quality experience for all rowers at SRA
To limit the maximum boat age to 7 years
To standardize on one vendor for best purchasing power and ease of maintenance
To make fleet management and costs sustainable for future rowers
Adequate fundraising will be critical to achieve this goal.
In 2018 we exceeded fundraising and equipment purchasing goals. To complete the fleet modernization, SRA must raise $1.1M between 2017 and 2023.
Currently on track at ~25% completion with 14 new boats purchased for $260K.
Fleet Modernization
Sammamish Rowing Association Annual Meeting

9. Board Election The Process
Board | seeks candidates from across SRA, nominates new directors, appoints the President and Immediate Past President
Annual Meeting | members vote on acceptance of the nomination for new and/or renewing board directors
Annual Meeting | members vote on acceptance of the nomination for board officers
Board Election
Sammamish Rowing Association Annual Meeting

10. First, a huge thank you to our Board members who are leaving!
Rob Relyea
Steve Buckley
Board Departures
Sammamish Rowing Association Annual Meeting

11. Board Director Election
Three-year term, ending January 2022
Nominees
Dee Walker – 5am rower
Alice Detwiler – sculling, alumni parent
Scott Winter (re-election) – 5am rower
Paul Colvin (re-election) – ECM, alumni parent
Leslie Moser (re-election) – 5am rower
Tony Andrews (re-election after a one-year term) – alumni parent, sculling, independent rower
Board Director Election
Sammamish Rowing Association Annual Meeting

12. Board Officer Election
One-year term, expiring January 2020
Nominees
President | Dee Walker – 5am rower
Vice President | John Kelly – 5am rower, junior parent
Treasurer | Jennifer Teschke – 5am rower
Secretary | Jocelyn Hamilton – ECM rower
Staff Liaison | Scott Winter – 5am rower
Past President | Leslie Moser – 5am rower
Board Officer Election
Sammamish Rowing Association Annual Meeting

13. 2019 Board of Directors Board Officers
President | Dee Walker – 5am rower
Vice President | John Kelly – 5am rower, junior parent
Treasurer | Jennifer Teschke – 5am rower
Secretary | Jocelyn Hamilton – ECM rower
Staff Liaison | Scott Winter – 5am rower
Past President | Leslie Moser – 5am rower
Board Directors
Paul Colvin – ECM rower, alumni parent
Tony Andrews – alumni parent, sculling, independent rower
Heidi Kelly – junior parent, mid-morning rower
Jocelyn Hamilton – ECM rower
Tanya Bumstead – junior parent, mid-morning rower
Andy Lynch – junior parent, 5am rower, independent rower
Bill Spencer – alumni parent
Sunrise Swanson-Williams – middle school parent
Jennifer Teschke – 5am rower
Alice Detwiler – sculling, alumni parent
2019 Board of Directors
Sammamish Rowing Association Annual Meeting

14. Q&A
See you at the SRA Gala on February 23!