11-19-2009, 06:35 PM
Mouse Wrote:I wonder how much of the budget those luncheons use up. They used to put their yearly financial report on the website but I don't see it there now.
The luncheons, and other events, are generally covered by the admission price of the event. The only money made from these events comes from the occasional raffles. There was a raffle at the Mayor's Luncheon, it netted ~$900.
I was not given a digital copy of the financial report, so it is not posted... However, there should be copies at any Main Street event, and you can get one by stopping at the new office, though there probably won't be anyone there.
I do have a paper copy.... Net Profit 2007 was -$16,279 and 2008 was $4,368.
As of 12/31/08, there were funds in the checking/savings account of $12,844, and in the designated funds account of $19,425. I believe the designated fund account is for the SLAP program. I was told at the end of October that the designated funds account still had plenty of funds, but that the savings/checking account was below $1,000; not enough to cover payroll taxes due mid-November. Funds certainly could have been diverted from one to the other, but robbing Peter to pay Paul isn't going to do anything in the long term.
Whether or not the city actually cut a check for $20,000 as stated in the News Sun article remains to be seen.