As you all know, the recent economic downturn has proven challenging to many businesses, non-profit groups, government agencies etc, and Alberta Bobsleigh is no exception. We have been informed by the Alberta Government that our support grant will be cut by 18% this year, with no firm date as to when it will go back up. Also, Casino proceeds have gone down approximately 19%. The ABA Board of Directors have gone through the operating budget to identify areas of opportunity to reduce expenses while still maintaining a level of exceptional programming that our members have come to expect.