Rogers Youth Hockey

Monthly Board Meeting

April 21, 2014

Present: Greg Haakonson, Diane Brewer, Becky Smith, Mike Johnston, Sara Weiss, Heather Palumbo, Dean Dobitz, Dan Gilbert.

Agenda Item / Updates / Comments / Notes
Call to Order / Meeting called to order at 7:04 p.m.
Gambling Account / Beginning Cash Balance: $ 90,980.22
Deposits for the past month include the following:
·  $67,878.00 – Closed games from 4 locations, meat raffle, bingo and tri wheel
·  $3.51 – Interest Paid
Total Deposits: $67,881.51
Disbursements for the past month include the flowing:
·  $13,836.57 – Payroll/WF Payroll
·  $163.20 – WF Payroll Invoice
·  $3,423.12 – WF Payroll Tax
·  $6,139.11 – IRS Payment
·  $18,003.00 – MN Dept of Revenue
·  $3.50 – WF Statement Fee
·  $158.40 – WF Cash deposited fee
·  $1,451.30 – Cowboy Jacks Rent
·  $1,750.00 – Boondox Rent
·  $675.60 – Distractions Rent
·  $4,637.15– Pull Tabs Plus
·  $450.00 – Clifton Larson Tax Prepare
·  $73.44 – Supplies and Postage
·  $192.28 – Central Gaming
·  $1,105.41 – Triple Crown
·  $1,344.00 – Cash Bdox game loss
·  $543.00 – Cash Dist game loss
·  $1,796.00 – Cjax TriWheel bank replenish
·  $680.00 – Dehmer’s Meats – raffle
·  $1,300.00 – Elk River Meats – raffle
·  $600.00 – Center Cut Meats – raffle
·  $1,560.00 – Carefree Storage 1 Year rent (1 month free)
·  $66.22 – Midwest Identity Scanner
·  $120.00 – Old Republic gambling mgr bond
Total Expenditures: $60,071.30
Ending Cash Balance: $98,790.43
Gambling Director / -  Question posed about Maynard’s gambling. RYHA Gambling has decided to leave “as-is” because we have been so busy with other establishments.
-  Sundance has still not contacted us about gambling at their establishment.
-  There has been some interest in the Gambling Manager position that is up for election next month.
-  Our storage facility is full and we will need more room again soon.
-  Motion made for up to 40K in Operating and Payroll expenses, seconded and approved.
Adjourned 7:21 p.m.