1/11/17 Booster Club meeting

January 2017 Booster Club Gambling Meeting

Present: Geno Rajtar, Dan Godfrey, Missy Strachan, Matt Fink, Wes Otto, Kara Sweere, Justin Mathes, Randy Westman and Steve Fink

Missy Strachan motioned to approve and Matt Fink 2nd the motion to approve the minutes. Motion passes.

Treasurer Report given by Geno Rajtar
Lawful Gambling: Including Schedule A (Gross receipts=$24,739, Prizes paid=$19,500, Netreceipts=$5,239), B2, C, and F (Bank acct was reconciled, Profit carryover for month=$7,695.57)
Allowable Expenses: Rent-Big Dog-$1,236.00, M. Peters Enterprise-$528.78 (games 519.11 + supplies $9.67; Pre-approved $750 for gambling product due before the next meeting. Geno Rajtar- $224.57 (Mileage-$43.20 (80 miles x $.54) Contract payment-$135.00, $14.01 reimbursement for daily log and $32.36 for copies),
Lawful Purpose Expenditures: City of North Mankato-taxes $395.48, State of MN taxes-$502, IRS-$0; Loyola donation $0

Missy Strachan motioned to pay the above bills and was 2nd by Dan Godfrey. Motion passes.

III. Correspondence and other documents:

Letter from MN revenue stating that we still need to submit the annual certified physical inventory and cash count for fiscal year end 10/31/16. Kara called on this and they did not switch our year end for these documents. Both were done at our fiscal year end of 6/30/16 but were resent with letter to MN revenue.
Letter from the IRS stating that there is a credit of $396 for period ending 10/31/15. Email was sent to accountant to see what we should do.
Geno to look at second site for a gambling box;
Randy Westman requested a bringing another party to our gambling meeting next month for another possible opportunity.

Kara Sweere motioned to adjourn the meeting, 2nd by Missy Strachan . Motion approved to adjourn at 6:05pm