This is from the most recent SCTA meeting. It shows some startling news - at least it's startling to me. Remember, by the way, that SCTA is a public non-profit organisation and therefore stuff like this is available to the public. I didn't "steal" it nor take it from unsubstantiated sources.
SCTA: Excerpts from Friday night’s SCTA-BNI Board and Reps Meeting:
Mike Manghelli passed out a financial document showing two pages back-to back income and expenses separated into two types. When the numbers are considered together both membership and racing incomes and expenses they total up to the following losses to the SCTA in total (this excluded BNI subsidies)
2010 –loss $46,500.00
2011 –loss $69,000.00
2012 – loss $55,000.00
These numbers are confirmed by Delia Riley.
Roy Creel did some quick accounting and he came up with a cost to the SCTA of $158.00 per vehicle to race and the SCTA is currently charging $65.00 to the entrant.
BNI: Excerpts from Friday night’s SCTA-BNI Board and Reps Meeting:
This accounting of the year to date shows income of $689,652.17 and expenses of $716,365.96 leaving a negative balance of -$26,713.79. Russ Eyres also included a report dated 08/01/2013 through 10/25/203 as a separate item. This captures most of the activity during Speed Week. This report shows an income of $282,690.89 and expenses of $518,898.06 creating a substantial negative balance of -$236,207.20.
Also included in this report were comparisons from 2010, 2011 and 2012. The report was very revealing showing the following results:
2010 Income $752,770.69 Expenses $795,740.64 Balance -$42,969.95
2011 Income $721,739.07 Expenses $859,203.89 Balance -$137,464.82
2012 Income $936,626.85 Expenses $950,963.06 Balance -$14,336.25
The following is not specifically in the minutes but if the numbers that are listed in the SCTA treasurers report and the BNI treasurers report are considered together this are the total losses for the SCTA-BNI:
2010: Loss -$89,469.95
2011: Loss -$206,464.82
2012: Loss -$69,336.25
Total Loss $365,271.02
And 2013 is not looking good