Thursday, September 22, 2016

Treasurer's Report
Galen Cawley
Our Tri State financial results were good, as we netted over $21,000 from the sales of tickets, food, and merchandise to help our bank account.   Total gross income was close to $50,000, so  the expenses of running the event is a substantial factor. As an example of the importance of gaining that income to meet our club's expenses, within two weeks afterward, it became  time to spend almost twice that amount to pay for our property taxes, some sales tax, and a federal tax payment.  The appreciation and need for all of you who spent many hours volunteering  is obviously very apparent. We realize that it would be impossible to hold the event without the time and effort that you, as members, have put in. Our expectations of income for the rest of the year is reduced, as we will have  only the income from the bar/restaurant ... pool closed, Rhumbline Bar operating at  reduced hours and days, and snowbirds going to warmer climates. Keep coming back ... it's a nice place to visit!

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