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February 2, 1998 <br /> To: Steve Sarkozy <br /> City Manager <br /> From: Ed Burrell . <br /> Finance Director <br /> E: Renewal of forth Suburban Youth Assn. Class A Premises Permit <br /> The NSYA has applied for a renewal of their C lass A Premises Permit at the Knight of C o1urnhus Hall at` 555 Snelring <br /> Avenue. <br /> Below is the summary of the NSYA's financial operation for 1996 and first eleven months of 1 997, <br /> 1996 1997 <br /> ANNUAL (thru iov.). <br /> Previous Year Carry-Over 129,355 1 2 7 5 8 <br /> Total Revenue ?193 6 1,23 6 2.1 64.1 25 <br /> less Prizes 1,808,334 1,668,6 13 <br /> N;.t Proceeds 552,902 495,512 <br /> Disbursements <br /> Taxes 95,693 1001125 <br /> Inventory Used 42,142 361705 <br /> Compensation 138A19 118,1592 <br /> Accounting 10,985 14,812 <br /> Rent 7 1,901 65,038 <br /> Equipment 3,660 211605 <br /> Woad, Insurance 1,585 ?11501 <br /> Misc. Expenses _ 14,672 1 . <br /> Total Expenses 36411059 342,923 <br /> Profit Before Donations 188,,843 152,589 <br /> Contributions 19 1,440 1327700 <br /> Less <br /> In <br /> City 3% 511085 ),518 <br /> city 10% 19,104 13,721 <br /> Approved State adjustment _ o a <br /> Net Profit(Loss) (2,596) 191$89 <br /> Balance Carry-over Beg. Yr 1291355 1 2 75 8 <br /> Balance Carry-over End Yr S 126.758 14 647 <br /> Comments <br /> Our financial review indicates a higher than the permitted 25%carryover,however,in 1 992,the North Suburban Youth <br /> Association was permitted to carryover a higher amount. The request from the NSYA, which was approved by the <br />