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leaning tower ymca sharks swim team-parent ... - Sharks Swimming

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FINANCIAL INFORMATION<br />

FEES<br />

All <strong>swim</strong>mers on the Leaning Tower YMCA <strong>Sharks</strong> Swim Team must be members in good<br />

standing of the Leaning Tower YMCA.<br />

In addition to the Y membership, there are program fees for <strong>swim</strong> <strong>team</strong> participation that also must<br />

be paid to the Leaning Tower YMCA. Information about program fees is available in the Leaning<br />

Tower Program Brochure and the Swim Team Program Brochure, which are available at the Y.<br />

ESCROW<br />

During the course of the season <strong>swim</strong>mers will sign up for meets that they choose to <strong>swim</strong> in.<br />

These meets have entry fees for the meet as well as a fee for each event the <strong>swim</strong>mer is entered in.<br />

There is a limit on how many events each <strong>swim</strong>mer is allowed to <strong>swim</strong> in at each meet.<br />

We will have over 200 <strong>swim</strong>mers on our <strong>team</strong> this year! Due to the size of our <strong>swim</strong> <strong>team</strong>, it is<br />

cumbersome to collect meet fees on a per-meet basis. Dual <strong>swim</strong> meets against another YMCA, at<br />

our pool or theirs do not require fees. Invitational meets and USA meets do require fees. Last<br />

year the average seasonal meet fees were about $100.00 per <strong>swim</strong>mer. Therefore, this year we<br />

will collect an initial $100.00 per <strong>swim</strong>mer to establish an escrow account for each <strong>swim</strong>mer. We<br />

will keep a separate record for each <strong>swim</strong>mer, identifying the meets each <strong>swim</strong>mer signs up for, as<br />

well as the respective fees that are based on documentation provided by the coaching staff.<br />

If a <strong>swim</strong>mer’s escrow account is below $25, we will notify the <strong>parent</strong>s and an additional $75 will<br />

be collected for the remainder of the scheduled season. Swimmers whose account is delinquent for<br />

more than 10 days after notice will not be allowed to participate in practice or meets until the<br />

account is updated.<br />

Any money remaining in a <strong>swim</strong>mer’s escrow account at the end of the season can be carried over<br />

to the next season. Any money remaining in a <strong>swim</strong>mer’s escrow account when a <strong>swim</strong>mer leaves<br />

the <strong>team</strong> will be reimbursed to the <strong>swim</strong>mer.<br />

Because the <strong>swim</strong> <strong>team</strong> is required to submit a roster and the fees prior to each Invitational or USA<br />

Meet, please remember: when a <strong>swim</strong>mer signs up for a meet that has entry fees, their escrow<br />

account will be charged for the meets fees whether they attend the meet or not,.<br />

http://www.LTY<strong>Sharks</strong>.com<br />

LTY.<strong>Sharks</strong>@Comcast.net<br />

LTY Hotline: 847-410-5116 9/18/2007<br />

Page 18

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