2011 CYCC Surplus - Resolution

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  • 2011 CYCC Surplus - Resolution

    2011 CYCC Surplus - Resolution

    2011 CYCC Organizing Committee would like to announce a resolution recently reached on the issue of the distribution of surplus funds garnered at the 2011 edition of the CYCC. After negotiation, the agreement is that:


    a) 30% of the $18,200 surplus will be distributed as cash prizes pro rata to the amounts previously announced;


    b) 70% of the $18,200 surplus will be distributed as bursaries to those entrants in the 2011 WYCC who were 1st, 2nd, or 3rd-place finishers at the 2011 CYCC pro rata to the amounts previously announced; and


    c) the remaining balance, should not all 36 qualifiers enter the 2011 WYCC, will go to those qualifiers that do enter the 2011 WYCC pro rata to the amounts they will have previously received.

  • #2
    Re: 2011 CYCC Surplus - Resolution -- this is great news!

    Originally posted by Victor Itkine View Post
    2011 CYCC Surplus - Resolution

    2011 CYCC Organizing Committee would like to announce a resolution recently reached on the issue of the distribution of surplus funds garnered at the 2011 edition of the CYCC. After negotiation, the agreement is that:


    a) 30% of the $18,200 surplus will be distributed as cash prizes pro rata to the amounts previously announced;


    b) 70% of the $18,200 surplus will be distributed as bursaries to those entrants in the 2011 WYCC who were 1st, 2nd, or 3rd-place finishers at the 2011 CYCC pro rata to the amounts previously announced; and


    c) the remaining balance, should not all 36 qualifiers enter the 2011 WYCC, will go to those qualifiers that do enter the 2011 WYCC pro rata to the amounts they will have previously received.
    Thanks for posting this excellent news.

    I am sure there will be a huge sigh of relief that this excellent resolution has been reached. Congratulations on an excellent event and a very good outcome! :)

    Mark S. Dutton
    Chess Federation of Canada
    Vice President

    Comment


    • #3
      Re: 2011 CYCC Surplus - Resolution

      Originally posted by Victor Itkine View Post
      2011 CYCC Surplus - Resolution

      2011 CYCC Organizing Committee would like to announce a resolution recently reached on the issue of the distribution of surplus funds garnered at the 2011 edition of the CYCC. After negotiation, the agreement is that:


      a) 30% of the $18,200 surplus will be distributed as cash prizes pro rata to the amounts previously announced;


      b) 70% of the $18,200 surplus will be distributed as bursaries to those entrants in the 2011 WYCC who were 1st, 2nd, or 3rd-place finishers at the 2011 CYCC pro rata to the amounts previously announced; and


      c) the remaining balance, should not all 36 qualifiers enter the 2011 WYCC, will go to those qualifiers that do enter the 2011 WYCC pro rata to the amounts they will have previously received.
      Very good! That is excellent news. Hopefully many of the first, second and third place finishers will be able to take advantage of the bursaries to compete in the WYCC. I have heard that two of the four Windsor qualifiers are planning to attend and have yet to hear from the other two. The Windsor masters and experts have some work to do to get the kids ready.

      Comment


      • #4
        Re: 2011 CYCC Surplus - Resolution

        From Spraggett's Blog: "Personally, I have no problem with the awarding of bursaries (Susan Polgar's youth activities in the States awards hundreds of thousands of dollars of such bursaries to youngsters each year) for those who finish high in the CYCC, but the introduction of prize money (in the order of thousands of dollars) into kiddy chess is something that many will find unacceptable.

        A black day for chess in Canada and one more sign of how the current CFC leadership is destroying chess."
        Last edited by Ken Craft; Friday, 22nd July, 2011, 01:08 PM.

        Comment


        • #5
          Re : 2011 CYCC Surplus - Resolution

          I personally know many child that wanted to go to the CYCC and had very good chances but didn't go in view of the high cost of the tournament. Not only the entry fee is very high, but the hotel and the transport aren't really affordable too. This leads to what we saw : most of the kids come from Ontario.... Why couldn't you use the money to help the provincial champions to come to the tournament? As we see, the CYCC keeps aiming for the wealthy children and not necessarily the most talented ones.

          Comment


          • #6
            Re: 2011 CYCC Surplus - Resolution

            Felix wrote:

            Why couldn't you use the money to help the provincial champions to come to the tournament? As we see, the CYCC keeps aiming for the wealthy children and not necessarily the most talented ones.
            Shouldn't the provinces (not the CYCC) be funding their champions to go to the CYCC (from the funds collected at their provincial championships)?

            Comment


            • #7
              Re : 2011 CYCC Surplus - Resolution

              The provinces should help, but if the CYCC manages to get 18000$ of surplus, why not using it in this way?

              Comment


              • #8
                Re: 2011 CYCC Surplus - Resolution

                The kids and their parents paid the entry and made the pot. They should benefit from it.
                Gary Ruben
                CC - IA and SIM

                Comment


                • #9
                  Re: 2011 CYCC Surplus - Resolution

                  This year is very unusual as to having a surplus. This rarely happens, and in fact will sometimes be in deficit position once funds are used for sending a team to the WYCC.

                  This outcome was totally unforseen, in fact with the new qualification rules this year, it was feared that the CYCC would in fact be smaller than in previous years.

                  As to the Provinces helping to fund kids to the CYCC, the OCA has rased bursaries for youth to attend the CYCC for many years now, having paid thousands each year to support Ontario kids to get to the CYCC.
                  ~^~^~^~^~^~^~^~^~
                  Patrick McDonald

                  :D********;)

                  Comment


                  • #10
                    Re: Re : 2011 CYCC Surplus - Resolution

                    Originally posted by Felix Dumont View Post
                    The provinces should help, but if the CYCC manages to get 18000$ of surplus, why not using it in this way?
                    It seems rather, that the surplus is the problem... ideally the entry fee would have been just enough to reach the $20000 fund raising goal.

                    If I am not mistaken the total entry fees needed to meet the goal, after expenses was ~$24,640. This could have been met with an entry fee of $105, rather then $175. Whether the $70 saved would encourage further participation I don't know.

                    Aside: This is by no means intended as a critisism of the CYCC organizers, who in my opinion did an excellent job.

                    Comment


                    • #11
                      Re: 2011 CYCC Surplus - Resolution

                      Originally posted by Ken Craft View Post
                      From Spraggett's Blog: Personally, I have no problem with the awarding of bursaries (Susan Polgar's youth activities in the States awards hundreds of thousands of dollars of such bursaries to youngsters each year) for those who finish high in the CYCC, but the introduction of prize money (in the order of thousands of dollars) into kiddy chess is something that many will find unacceptable.


                      A black day for chess in Canada and one more sign of how the current CFC leadership is destroying chess.
                      That hardly seems consistent with his previous position on the matter which was that the CFC was trying to grab the money. When the CFC comes up with a compromise that respects the wishes of the organizers and doesn't involve grabbing the money they/we are still the bad guys. Interesting.

                      Comment


                      • #12
                        Re: 2011 CYCC Surplus - Resolution

                        Originally posted by Vlad Drkulec View Post
                        That hardly seems consistent with his previous position on the matter which was that the CFC was trying to grab the money. When the CFC comes up with a compromise that respects the wishes of the organizers and doesn't involve grabbing the money they/we are still the bad guys. Interesting.
                        Spraggett consistent? Surely you joke...
                        ...Mike Pence: the Lord of the fly.

                        Comment


                        • #13
                          Re: 2011 CYCC Surplus - Resolution

                          Originally posted by Ken Craft View Post
                          From Spraggett's Blog: Personally, I have no problem with the awarding of bursaries (Susan Polgar's youth activities in the States awards hundreds of thousands of dollars of such bursaries to youngsters each year) for those who finish high in the CYCC, but the introduction of prize money (in the order of thousands of dollars) into kiddy chess is something that many will find unacceptable.


                          A black day for chess in Canada and one more sign of how the current CFC leadership is destroying chess.
                          The "black day" sentence is also from Spraggett's blog. Ken's formatting made it look like it was his own. Quotation marks can be useful; brevity is not always a virtue.

                          I (JB) might add that a prize is a kind of bursary. It's not as though prizes exceed family chess-related expenses for any of the CYCC kids. KS is blowing off steam. That is a virtue, for him.

                          Comment


                          • #14
                            Re: 2011 CYCC Surplus - Resolution

                            Originally posted by Hugh Brodie View Post
                            Shouldn't the provinces (not the CYCC) be funding their champions to go to the CYCC (from the funds collected at their provincial championships)?
                            In some alternative universe, the CFC might collect surpluses, average them, show it to the provincial associations ("here are your rebates, and we've given them to your provincial champions as partial travel subsidy to the Canadian Championship, Canadian Junior, Canadian Women's and CYCC ..."), but the trouble is that when the CFC takes the money, it disappears into the CFC's general funds.

                            Slightly off-topic, but when Dr. Macskasy died, there was a Macskasy Memorial fund set up with (at that time) tax-deductible donations for an eventual fitting memorial to the dean of BC Chess. Thing was, every year, the CFC and its accountants would liquidate the Macskasy Memorial fund and put it into general funds. At least twice I had to growl to get them to recreate the Macskasy Fund. I don't know if the money was ever used for its intended purpose, or just disappeared into the gaping maw. BCCF did eventually hold a Macskasy Memorial tournament (at the UBC Math Dept, and the winner played the Caro-Kann, how fitting!), but I don't know if any of those funds were used.

                            Back to travel subsidies: Most of the provinces (Alberta and Quebec excepted) can't subsidize anything because they don't have any money. I'm guessing that Quebec's provincial government grant does not allow travel subsidies (why not? is a whole other question). The provincial associations are on bread-and-water (air-and-water?) rations from the CFC.

                            The CYCC organization, which changes every year, is not set up to deal with provincial champions, though perhaps an instant rebate formula could be worked out.

                            Incidentally, it was 1970s era CFC President Martin Jaeger of Toronto who introduced the idea of a travel fund for CFC national championships, with some portion of income going back to participants in proportion to their travel costs. The idea has not yet caught on.

                            Comment


                            • #15
                              Re: 2011 CYCC Surplus - Resolution

                              Kevin Spraggett always wants to take the opposite side to anything the CFC does. What was his recommended solution? He never gives one since the next week he would forget that it was his recommendation and attack it vehemently. If someone said his mother was a princess he would argue that she was a bit##...All he cares about is his blog visits, not truth, reality, justice, correctness,...I just visit for the comedy and women...

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