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Below "is the F 111 of operation <br />this first 9 months r s year of its opera- <br />tions, <br />l,i there are no, comparatives for prior <br />"NN"INM <br />r <br />Previous Year Ciarry-Ov,er $ 01 <br />Total Revenue $ 6 5 1 ir 21319 <br />Iss Prizes 511 jr 163 <br />Net Proceeds 14 0 107 6, <br />]Disbursements <br />Taxes, <br />14,856 <br />Invent'o'ry <br />1 <br />Compensation, <br />3191871 <br />Accounting <br />Rent <br />, 900 <br />Equipment <br />Bond insurance <br />Mist Expenses <br />2191 <br />Total Expenses, <br />1,108 . <br />Profit Before Donations <br />ontr 'i bu ii 1 \Federal i a 918 i <br />LessT <br />City 31119 <br />'i 20,960 <br />Balance I rr -liver Y-T-D $ 21,01,3 Y- '-D $ 21 <br />��MMW <br />* As per agreement,, City Pe n'd $7,795 from the enforcement tail for accounting services during this same <br />period. <br />Compensation As can bie seen, from, the abovile information, 78.5% of the organieza <br />lon"s gross sales were, paid, out 'in prizes, <br />taxes aciciounted for over 12% of gross salles,,i with the cityls i <br />41 0 <br />contriblu,ti,oin approximately i than % <br />gross sales,, Midway, has met the 25% carryover requirement fo <br />r <br />s <br />Mildway is, not within the required 610/'40 <br />hiowever, it is expected that requirement will be met by the <br />ac,tival year end,. <br />