- The heater FRYS charitable gambling was on with records shattered every month came to a halt in April à e-tab sales retreated to $124K from last month’s blistering $160K; however, the gross profit margin was more impactful at 17.7% compared to last month's 12.4%
- Consequently, gross profits, aka hard dollars to FRYS, increased to $22K in April 2024 from $20K one month prior.
- The pullback in paper tab sales was even more pronounced, falling to $58K in April from last month’s record of $110K
- The gross profit margin also retreated to 19.4% from 20.4%, respectively, lowering gross profits to $11K in April, the lowest total since December 2023.
- Bingo @ Boxers continues to pull sizable crowds as revenue reached its second highest figure of $19K (record = $20K February 2024)
- The gross profit margin was a respectable 20.4%, indicating that the jackpot was likely not hit over the month of April and has likely been awarded by this time.
- For those that remember last month’s membership blast, the warning shot was given that earnings in April are going to be depressed, and depressed they were at $2K as FRYS paid an impressive $15K in taxes to St. Paul, which is a new record for the organization
- One could look at that $15K and be saddened by the outflows but the glass half-full approach would be to look at the $15K in taxes thankfully – thankful that FRYS had the opportunity to pay such income because of the organization’s prosperity!
- There have been a lot of updates at the Rotary Camp that FRYS is very excited to share with you all. Let’s begin:
- The building’s structure/foundation has been re-enforced with a spray foam, stabilizing the facility after rodents removed massive amounts of dirt from under the building
- To prevent those pesky rodents from endangering the foundation once more, the FRYS board decided to invest in a protective fence that will keep the rodents at bay
- The last of the safety investments stems from the fireplace and chimney à Both the chimney and fireplace need work on the brick, mortar, grout, innards, whatever you want to call it, to make for a safe fireside chat experience for those youngsters out at the Camp over the coming years (not to mention the Rotary adults only bash this August where smooth jazz from Mr. Kaufmann & Co. will permeate the soundscape alongside a beautiful fire!)
- In aggregate, the capital investment at the Camp will be close to $20K this spring
- Rotarians have put countless hours into recruiting new individuals, organizations and entities to the Camp so the FRYS board believed it was prudent to undertake such investment, ensuring a safe and welcoming experience for Campers
The following charitable contributions were approved - To: Faribault Rotary Youth Services à Proceeds to pay Caron Fence for the fencing out at the Rotary Camp to keep the rodents at bay
- Bid for project was $7,727 à Membership approved up $8,500 for the bid
- To: Faribault Rotary Youth Services $6,000 à Proceeds to pay for chimney and fireplace repairs/maintenance
- Bid #1 – Safe Home, LLC: $2,819
- Repair chimney and install new chimney cap
- Bid #2 – Fountain Masonry: $2,650
- Demo/remove old fire brick, salvage stone and cracked hearth à Restore/replace areas demolished
- To: Faribault Rotary Youth Services $1,000 à Proceeds to pay for youth bracelets, cotton candy & gum for Heritage Days Celebration \
- Wristband Bros Invoices: $798
- 3000 wristbands your Faribault Youth
- Flavor Ice & Double Bubble: $115.71
- To: Dr. Dick Huston $49.54 à Reimbursement for purchase of children’s gardening books that Dr. Huston has been handing out to youth after Rotary Readers sessions
- Total Charitable Contributions Approved: $15,549.54
- On a motion by Greg Ciesluk & seconded by Kymn Anderson, FRYS membership approved the charitable contributions
The following operational expenses were approved for June - GG Made Easy = $250
- Inventory = $5,000
- CG Team Compensation = $3,000
- MPeters = $12,000
- City of Faribault = $1,500
- Boxers = $10,000
- Misc. (coolers, pursues, Bingo team comp) = $2,500
- Total expenses = $34,250
- On a first by George Wickstrom & second by Rod Mahler, FRYS Membership approved charitable expenses for the month of June
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