Lifeboat Funding

The budget of the Society is approximately

• $ 30,000-$35,000 per year operating budget
• The primary expense being the management, operations, repair and maintenance of the three SAR vessels.
• $ 70,000 two year project program to improve: crew safety equipment and crew training; casualty management; and for preventative maintenance and equipment for the lifeboats
• $75,000 per year is required for a long term vessel replacement program for the 2010 Olympics

The replacement and refurbishment costs of the lifeboats and their safety, rescue and electronic equipment is over twice that of operations.

Click to display the Society's Current Year Source & Use of Funds

Fund raising and Public Relations costs are 5% of the operating costs, or approximately 1½ % of the funds that are raised. All of the effort is volunteer.

Certified CA volunteers keep the Society’s books, and the Society’s financial statements are audited annually.

Cost management and project commitments are through Board approval of all expenditures, in keeping with the Financial Plan and current on hand cash resources. Additionally, the Society is beginning to accumulate capital funds for an eventual vessel replacement in time for the 2010 Olympics.

The North Shore based Coast Guard units have no budget of their own.