Hi,
Reviewing Team Sheepers YTD August financials, I noted that $74,858 has
been spent on credit card fees. Since this is a controllable expense, one
option would be to either stop accepting credit cards or implement a
surcharge for their use. Many businesses have already adopted surcharges,
so this would not be unfamiliar to pool users.
I assume most monthly memberships and multi-session program enrollments are
currently paid by credit card. . Below is a comparison of fees for selected
monthly programs if we implemented a 5% surcharge.
BURGESS Cash or Direct Debit Credit Card
Surcharge. 0 5.0%
Resident
Monthly Membership $ 64.00 $ 67.20
Senior Membership $ 51.00 $ 53.55
Non-Resident
Monthly Membership $ 86.00 $ 90.30
Senior Membership $ 69.00 $ 72.45
Kids
Resident $ 464.00 $ 487.20
Non-Resident $ 624.00 $ 655.20
Bridge
Resident $ 384.00 $ 403.20
Non-Resident $ 512.00 $ 537.60
Masters
Resident Monthly $ 102.00 $ 107.10
Resident Senior Monthly $ 91.00 $ 95.55
Non Resident Monthly $ 138.00 $ 144.90
Non Resident Senior Monthly $ 123.00 $ 129.15
If Team Sheeper were to implement a surcharge, would this reduce the City’s
cost exposure? Specifically, would the added revenue from surcharges (or
the savings from members switching to cash/direct debit) improve Team
Sheeper’s profitability in a way that offsets City expenses?
Best Regards
Karen
Karen Rohlf
415-710-4996 (mobile)
