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
THANK YOU Slim... It's startling to me also and I can't figure out why most of the members aren't.
With approximately 500 entries at bville for $400 =$200,000 + sales income ect, say 100 entries at El Mirage at $65=6500 X6 = $39,000 + sales and dues ect. TOTAL approximately $239,000 + sales ect.
With an income of $936,626.85 a professional audit is needed every year. MISTAKES can be made, TRUST BUT NOT BLIND TRUST.
Even if one had a financial statement showing income and expences IT WOULD BE WORTHLESS WITH OUT A COPY OF THE BILLS THAT WERE PAID.
We have a 5000 sq ft 7 unit office building professionaly managed we find mistakes all the time. Sometimes the renters haven't paid their rent. we're the auditors ''well Linda is'' and mistakes happen a lot and the income is not a 10th of SCTA'S
In our Monthly expense statement we get a copy of bills to compare against checks written.
Other wise it's blind thrust.
JL222
John L.
I disagree with you, Slim should not have posted this information as I have already disclosed in this thread.
You are an SCTA member, Slim is not, I suggest that you do yourself a favor and contact Delia Riley and ask her what is going on, or Contact Russ Eyres, if you are a BNI member. Don't rely on message boards for your information because you are assuming they are 100 percent correct and accurate, do your own homework. Slim will not disclose where he got this information, do you know for a fact it has not been tampered with? Once again everyone is assuming everything posted is accurate. Find out for yourself.
This is the kind of problems you run into when only partial presumed facts are listed on a message board, everyone starts to yell and scream without finding out the facts, once they find out the facts then they can compare them with what is posted and see if there are discrepancies. I think this was for political purposes, as it is election time, and the ballets have not been counted. JMO but it makes sense since it has never been brought up in the previous two years.
Racers demand more courses, more courses cost more money. Mother Nature cancels some events, income diminished, no sales from Sales trailer stocked with merchandise already paid for, and entry money is refunded. It ain't rocket science, but you need to get the facts, and don't rely on message boards or hearsay.
Tom G.
