$90.30 WF Cash Deposit Fee – $3.50 WF Statement Fee – $3.00 Online Deposit Detail/mages – Expenditures: $37,284.15 Ending Cash Balance: $135,964.25 Gambling Director Reviewed Cash Account Reviewed of Schedule A Gambling Receipts” for each – “Lawful location Boondox, Cowboy Jacks, Distractions and Rockwoods – Will review Distractions/Rockwoods at November meeting Conducted an email vote to transfer $10k from the Gambling Fund to RYHA General Fund measure approved – Reviewed annual Star Rating report covering period July 2013 to June 2014. We received a star rating out of 5. Provided an overview of the cash flow for this period, which resulted in a net profit of $53k out of $3.5mil in sales. Discussed strategy for paying down remaining up loan from the association. Discussed that being a cash operation, we are under scrutiny from the State of Minnesota need to ensure documentation is in place. – Annual Audit is nearly complete sent in 10/20 – Motion by Mike Johnston/Second by Jim Amoe to transfer $10k from Gambling Fund to RYHA General Fund. Motion approved. Motion by Mike Johnston/Second by Don Miller to approve monthly operation expenses of $35k. Motion approved. Motion to adjourn by Jim Amoe/Second by Mike Johnston Adjourned 7:27 p.m.
$90.30 – WF Cash Deposit Fee $3.50 – WF Statement Fee $3.00 – Online Deposit Detail/mages Expenditures: $37,284.15 Ending Cash Balance: $135,964.25 Gambling Director Reviewed Cash Account Reviewed of Schedule A – “Lawful Gambling Receipts” for each location – Boondox, Cowboy Jacks, Distractions and Rockwoods Will review Distractions/Rockwoods at November meeting Conducted an email vote to transfer $10k from the Gambling Fund to RYHA General Fund – measure approved Reviewed annual Star Rating report covering period July 2013 to June 2014. We received a star rating out of 5. Provided an overview of the cash flow for this period, which resulted in a net profit of $53k out of $3.5mil in sales. Discussed strategy for paying down remaining up loan from the association. Discussed that being a cash operation, we are under scrutiny from the State of Minnesota – need to ensure documentation is in place. Annual Audit is nearly complete – sent in 10/20 Motion by Mike Johnston/Second by Jim Amoe to transfer $10k from Gambling Fund to RYHA General Fund. Motion approved. Motion by Mike Johnston/Second by Don Miller to approve monthly operation expenses of $35k. Motion approved. Motion to adjourn by Jim Amoe/Second by Mike Johnston Adjourned 7:27 p.m.