2017 2nd Quarter Report

Below is a link to the Club’s financial results through the second quarter of the year. The unexpected surplus from the Davis Double Century and the late in the year timing of substantial expenditures by the Race Team enables the Club to currently show a surplus despite a budgeted deficit of over forty thousand dollars. Contributing to the budgeted deficit is a significant increase in the Club’s philanthropy budget approved by the Board. Reserves are more than ample to cover the budgeted deficit and as a nonprofit the Club needs to avoid accumulating excessive reserves. The Club’s major revenue source, the Fall Foxy Century is only now beginning to receive registration revenue.  

2017-2nd Quarter-Financial-Report