Laserfiche WebLink
Steve Sarkozy, City Manager <br /> Page 3 <br /> March 11, 1999 <br /> ale the organizations that use bingo Ladyslipper, Midway Skating, NSYA&Roseville Area <br /> Youth Hockey Association) have similar expense ratios, Lad slipper and NSYA have significantly <br /> lower net profit ratios. <br /> The payout ratio (contri-butions divided by net profit)varies widely. RAYHA and IA both <br /> paid out more than 100% of their net profits, while Ladyslipper and T E were below 0%. <br /> These groups are being notified of the city's 25% requirement to allow them time to adjust prior <br /> to the next reporting period. <br /> Trends for Charitable Gambling in Roseville <br /> Gross receipts for charitable gambling in Roseville were down 0.6% in 1997, while the State <br /> showed an increase of 1.3%. The following graph shows a slight downward tread since 1989. <br /> Charitable Gambling in Roseville <br /> Gross Receipts <br /> 1 <br /> 8- <br /> A ,.. <br /> 4 <br /> 0 <br /> 1989 1990 1991 1992 1993 1994 1995 1996 1997 <br /> Although there was an overall decrease in grass receipts, most gaups in Roseville showed <br /> increases. A summary by organization is detailed on the following pages. <br /> With the drop in gross receipts came a drop in expenses, which felt 2.0%. <br /> There was an 5 7.4% increase in charitable contributions in 1997. However, if in 1 996 the VFW <br /> had made the $30,734 contribution we are requiring for their license renewal, the increase is <br /> 41.5%, <br /> Should you or the Council need additional information, please let us know. <br />