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Rctober 3, 1,99�7
<br />To,; Steve Sarkozy
<br />Ci ty Ma,naigier
<br />F r,iom, Ed Burrie 11
<br />I
<br />Finance Director
<br />REs. ]Renewal Of the Midway Speeds; k,a t, incy "a Club Class A Premisesi Pe=14t
<br />WAW
<br />1i al of their a
<br />Clss
<br />The midway Speedskating Club, has applield for a renew
<br />A Premises Permit at t,hell 1145 Woodhill Drive.
<br />Below is the summary of Midway Speedsk,a,ting's financial operation for
<br />"195 and 19�96.
<br />The Club received permissiLon from the CiLty, Council, at 'its Octobe,r 1995
<br />i ''wali
<br />o ca
<br />trry over up t,o $300,000. Thi s amount 1 s the
<br />1 ilicenslei rene 4
<br />I two, years of current olperat ing budget and is in
<br />equi,vial,ent of
<br />accordance with their plan as submitted in 1995.
<br />191915
<br />ANNUAL
<br />1996
<br />ANN126L_
<br />Prievil'ous Year Carry-Over,
<br />Flo
<br />224,__6 /!;L
<br />261, E51
<br />Total Revenue
<br />$ 1161,20454
<br />$ 11634,593
<br />less Prizes
<br />1 141 j 127
<br />1 JA3 -.3 04
<br />Net Proceeds
<br />4711317
<br />491,289
<br />Disbursements
<br />Taxes
<br />441484
<br />45,924
<br />Inventory Used
<br />27,122
<br />27,265
<br />Compensation
<br />qj 0 841
<br />108,247
<br />Accounting
<br />412,48
<br />5, 096
<br />Rent
<br />83,1425,
<br />85,000
<br />Equipment
<br />2 r 553,
<br />0
<br />Bond, Insurance
<br />4, 381,
<br />4, 084
<br />Misc. Expenses
<br />Total Expenses
<br />3116
<br />261,f 719
<br />M9 1 424
<br />281,040
<br />The Club received permissiLon from the CiLty, Council, at 'its Octobe,r 1995
<br />i ''wali
<br />o ca
<br />trry over up t,o $300,000. Thi s amount 1 s the
<br />1 ilicenslei rene 4
<br />I two, years of current olperat ing budget and is in
<br />equi,vial,ent of
<br />accordance with their plan as submitted in 1995.
<br />
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