Dear CMRITO Council, I hope this message finds you well. As a dedicated member of CMRITO, I am writing to express the concerns shared by many of my colleagues regarding the recent announcement of the significant $173 fee increase. While we understand that rising costs can necessitate adjustments to fees, many members, including myself, feel that there has not been sufficient explanation or transparency provided to justify this steep increase. After reviewing the financial statements for 2023 and previous years, I noticed that while the reports include high-level revenue and expenditure figures, they lack the necessary breakdowns or explanations for key expense categories. Specifically, there is no clear understanding of: What constitutes the increase in human resources, legal fees, and operational costs over the past few years. The rationale behind ongoing capital and intangible asset investments and how these investments directly benefit the membership or contribute to the College’s operational improvements. Without this context, it is difficult for members to fully understand how their fees are being utilized and whether the fee increase is truly warranted. The Annual Report mentions several important developments, such as the creation of an emergency class of registration and updates to the Quality Assurance (QA) program. However, there is no specific explanation for why these developments would require an additional $2,029,636 in annual revenue. While operational changes are outlined, none seem to necessitate such a significant fee increase. Furthermore, the financial reports do not provide any forward-looking projections or anticipated costs for upcoming projects or regulatory changes. Given the substantial revenue increase, it is important for the College to communicate: Whether there are any significant upcoming projects that justify this increase. If operational costs are expected to grow, and if so, what specific areas are contributing to this growth. While the Annual Report references organizational growth and future planning, it provides no clear financial projections or detailed breakdown of anticipated expenses related to this growth. Members would benefit from understanding the exact nature of these future expenditures and how they justify such a dramatic increase in fees. I understand from the recent fee review report that the College has been experiencing annual deficits, with concerns raised by the auditors regarding the financial sustainability of the organization. However, based on my review of the financial statements and historical expense growth, it appears that the College has maintained a balanced budget in recent years. The proposed fee increase would likely result in a substantial surplus (estimated at nearly $1.88 million) by the year 2028, which is difficult to justify without clear plans for significant new expenditures or a detailed explanation of why this reserve is necessary. Additionally, the recommendation of building reserves to cover 4.5 months of expenses by 2028, while prudent, lacks clarity on why such a large reserve is essential at this time. Given the College's financial position and the historical trend of expenses growing by $300,000 to $400,000 per year, I would recommend a more moderate fee increase of $10 to $15 per member, rather than the current proposal of $173. This would allow the College to meet its future financial needs while remaining fair and reasonable to members who are concerned about the impact of such a large increase. I kindly request that the CMRITO provide more transparency to its members by offering: A breakdown of expenses in each major category, so we can better understand where our fees are being spent. Projections of future expenses and any upcoming projects or regulatory changes that necessitate the proposed fee increase. A clear explanation of how the additional $2,029,636 in revenue per year will be used to benefit