The Mayor and Council
April 17, 1974
Page Two

Triple A fund raising ventures are carried out throughout the year and their
estimated yield of $21,050 is a realistic, yet optimistic, projection, easily
reduced by unfortunate chance. It is doubtful that many more fund raising
efforts could be successfully brought off, although new sources of revenue
are always being considered.

Not yet taken into consideration in this submission is an almost certain
application for Triple A membership by ¢ Port Coquitlam Amateur Boxing
Clubs; a request whach according to our constitution and our understanding
with city council, may not be rejected.

-The constitution and bylaws of the Amateur Athletic Association were
composed with considerable, and much appreciated, co-operation by
representatives of the then elected council, and the original grant in
aid of minor sport was given with the understanding that ALL eligible city
froups be accepted.

‘Council's contribution, based on last year's $3.00 per capita grant, this
year would total $11,178, still leaving Triple A with a deficit of $4,856 -
a disheartening position for those faced with the task of providing the funds
which allow so many city youngsters to enjoy countless hours of wholesome
recreation.

Councilts recent decision to increase arena rental rates by $2.00 per: hour
has added heavily to the financial obligations of Triple A and helped place
the Society on the horns of its present dilemma. We appeal to you to
consider an increase in your per capita grant to $4.00 per participating
child, which should give us - with reasonable success in our fund raising
endeavours ~ a fighting chance at balancing our budget in 1974.

Representatives of the Triple A executive will be available to appear at
council's convenience, should more detailed information be desired.

Yours very truly,

a ee

Mrs. Karin Reid,
Secretary