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February 8,2000 <br /> To: Steve Sarkozy <br /> City Manager <br /> From: Ed Burrell <br /> Finance Director <br /> RE: Renewal of North Suburban Youth Foundations Class A Premises Permit <br /> The North Suburban Youth Foundation (NSYF) has applied for a renewal of their Class A Premises Permit at the <br /> Knights of Columbus Hall. Below is a summary of NSYF's financial operation for 1998 and 1999. <br /> 1998 1999 <br /> Annual Annual <br /> Previous Year Carry-Over $(72,641.86) $(68,1 00.08) <br /> Total Revenue $5311)283.58 $4979332.83 <br /> Less Prizes 444,187.00 402114 00 <br /> Net Proceeds 127,096.58 95,2 1 8,83 <br /> Disbursements <br /> Taxes 2157238 23,381.40 <br /> Inventory Used 119,042.12 81575.41 <br /> Compensation 409382.09 303659.74 <br /> Accounting 5,295.32 5,092.61 <br /> Advertising 43183 42150 <br /> Rent 33,307.12 31,200.00 <br /> Bond, Insurance 32300 52539 <br /> Cash Short 156200 46845 <br /> Misc Expenses 2,238.63 15981.97 <br /> Total Expenses 115 15449 1018306.46 <br /> Profit Before Donations 119942.09 (6,087.63) <br /> ContributionMederal and City Taxes 7 400 31 39567.17 <br /> Net Profit $4,541,78 $(9,654.80) <br /> Balance Carry-Over Beginning of Year $(72,641.86) $(68,100.08) <br /> Balance Carry-Over End of Year S(689100.08) $(779754.88) <br /> Comments <br /> Neither our financial review or the Police inspections has indicated the presence of any concerns. <br /> Staff is therefore recommending renewal of North Suburban Youth Foundation's Class A premises permit at the <br /> Knights of Columbus Hall. <br />