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RR <br />ftLVA I <br />IAIV W W1 01 V I I PK <br />RI K VILIT 1 IM <br />I? <br />Leaving aside the extreme cases, we found that hi h exqanw.- tolgrow2roft <br />19'1 <br />ratios were generally caused by compensation expemon.,-, an&,offbn-- rant!=- <br />7 ­5 Nb <br />penses, much above average. The most i*mploritant fiUbrin'texplaining,11bw <br />I <br />ratios,i on the other hand, was low rent. The ratio, og-campensati6n;,expendii- <br />tures, to gross profit was also low in those cases. Weo-iauI.tWb,-tftatt--- <br />Total expenses as a percent of gross profit <br />Some smaller organizations may have difflcu1ItY,/rnwflhWthwcqpenw <br />Himitations, although, in general, <br />below.tk%&rrit ation. <br />-1b <br />tic I It F lit <br />01 The Legi*slature should reconsider the <br />Stat. §349.15 of how gross, profits ftoin gamblhg--muyjbv,=Rwn",, <br />The Legislature should also consider love r*,the'.expenn ,illuftUAm, <br />percentage. for large organizations. <br />During the course of our review we noted a numberD-f-II <br />4P <br />lowable expenses. All of the organizations we vi'si"tedthritiownn&t,lbail'n�'cam <br />buildings were paying some, club or organization exP=serflbum;IVmWIW9 <br />0 <br />funds. We found that,, <br />Many organizations, use gambling proceeds tuyntbrvrpndia� <br />expenses which are d isallowed under, currentrwNsa <br />Many organizations, that operate gambling 1*Iuthe*own.LbxWtHiW <br />commonly write off' as gambling expenses <br />of utilities. <br />10 Minn. Rute 71860. 160, Subpart 2D. <br />