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Riverchase YMCA reports strong 2024 finances, outlines 2025 capital requests and revenue‑share back to city
Summary
Riverchase YMCA told the Fenton committee it is forecasting a $908,170 contribution margin for 2024, will nearly fill its capital reserve and expects to return about $438,682 to the city under the existing agreement; the YMCA also presented a 2025 capital list including a child‑watch renovation, new jungle gym and pool work.
Riverchase YMCA officials presented a 2024 financial review and a 2025 capital project list to the Fenton committee on Oct. 10, saying the branch is outperforming early projections and is on track to reduce the city subsidy more quickly than originally forecast.
Tom Verheyen, who introduced the budget materials, said the YMCA is "forecasted now ... to have a net, or what we refer to as a contribution margin of $908,170," compared with the 2024 approved budget of $591,008.59. Under the partnership agreement, Verheyen said the YMCA would first fill the…
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