2019 Budget & Funding
Funding Model
As of 2019, the SYL Community will be funded via tiered sponsorship model. On an annual basis, the SYL Committee will reach out to the Saskatchewan Credit Unions and our system partners with the total funding requirement to successfully execute for the year, including both the fixed and initiative costs. The purpose of this is to allow credit unions to choose the appropriate tier to fund the proposed initiatives for the year based on the value they identify for their credit union. Those Credit Unions who choose to fund the proposed initiatives for the year will receive a discounted rate (30%) on any initiative related costs their Credit Union’s young leaders participate in. The tiers are as follows:
Diamond Tier Sponsor – $5,000
- Retreat workshop sponsor – includes signage throughout the retreat and special recognition at the workshop
- 6 free admissions to 2019 SYL initiatives
- Discount on 2019 SYL initiatives
- Website and social media recognition
Platinum Tier Sponsor – $2,500
- Retreat speaker sponsor – includes signage throughout the retreat and special recognition at the speaker presentation
- 4 free admissions to 2019 SYL initiatives
- Discount to 2019 SYL initiatives
- Website and social media recognition
Gold Tier Sponsor – $1,000
- Retreat meal sponsor – includes signage and recognition during meal
- 2 free admissions to 2019 initiatives
- Discount to 2019 SYL initiatives
- Website and social media recognition
Silver Tier Sponsor – $500
- 1 free admission to 2019 initiatives
- Discount to 2019 SYL initiatives
- Website and social media recognition
Bronze Tier Sponsor – $250
- Discount to 2019 SYL initiatives
- Website and social media recognition
SYL will carry forward any amount above and beyond the budget costs, which will in turn reduce the amounts required for funding in the future. If SYL does not receive the total amount of funding budgeted, decisions will be made to reduce the costs of the initiatives. For example, rental and meeting expenses could be reduced by utilizing credit union employees to facilitate the initiatives or utilizing credit union meeting spaces rather than renting meeting rooms.
2019 Initiatives
| Initiative | Focus Area & Development Opportunity | Timeline | Budget | Measure/ tracking | Applied Learning | Benefit for system, CU and individual | Ask of YL and supervisor |
|---|---|---|---|---|---|---|---|
| Leadership Retreat | – Strategic thinking – Problem solving – Teamwork – SYL Community Development | Summer | $13,000 | – Application from SK CU employees – Amount of interest (goal of 30 attendees) – Personalized follow-up from SYL Committee members | – Scenario based learning – Take-away action plans – Personalized follow-up from SYL committee members | – Connection to collaborative principles – Applicable system wide – Minimal attendance cost (accommodation/ meals/ registration) as subsidized by SYL and sponsors | – Complete feedback and provide feedback on personalized follow up call – Supervisor feedback during follow-up |
| Development Days | – Problem solving (case studies) – Teamwork – Public speaking – Creative thinking – Collaboration with CUs | March & October | $2,000 | – Attendance – Continued interest within the system – Follow-up survey | – Scenario based learning – Take-away action plans | – Applicable system wide – Opportunity to expand creative thinking & problem solving abilities | – Complete feedback assessment – Share your experience |
| YL Banquet | – Collaboration with other CU groups and system leaders – Strategic thinking (CCUA competition) | TBD | $15,000 | – Attendance – Continued interest within the system – Follow-up survey | – Scenario based learning – Opportunity to learn outside of employed CU | – Foster growth within the system – Provide opportunity to all CU young leaders to attend CCUA – Build strong relationships with a variety of leaders across the system | – Complete feedback assessment – Share your experience |
2019 Budget – Fixed and Initiative Costs
| x | Fixed Costs | Development Days | Leadership Retreat | YL Banquet | Total |
|---|---|---|---|---|---|
| Website Costs | $600 | $ | $ | $ | $600 |
| Committee Development | $1,500 | $ | $ | $ | $1,500 |
| Rental and Meeting Expenses | $ | $1,800 | $7,000 | $7,000 | $15,800 |
| Printing | $250 | $200 | $500 | $300 | $1,250 |
| Telephone | $600 | $ | $ | $ | $600 |
| Transportation | $ | $ | $2,000 | $ | $2,000 |
| Hotels | $ | $ | $500 | $ | $500 |
| Meals | $2,400 | $ | $2,000 | $6,700 | $11,100 |
| Total Budget | $5,350 | $2,000 | $12,000 | $15,000 | $34,350 |