Exciting news, e-tab sales recorded a new record high of $174K in April 2026, topping the previous record of $167K established in December 2025 and
luck broke FRYS’ way this time as the gross profit margin hit 15% compared to the December 2025 figure of 11.5%, delivering a surge in gross profits of
$26K in April, also a monthly record for FRYS
luck broke FRYS’ way this time as the gross profit margin hit 15% compared to the December 2025 figure of 11.5%, delivering a surge in gross profits of
$26K in April, also a monthly record for FRYS
Paper tab sales retreated, hitting $96K in April, down from March’s $113K; however, the gross profit margin strengthened to 19.3% in April from 16.2%,
leading to gross profit of $19K vs. $18K, respectively
Bingo notched a three-month high in sales, summing to $23K with $5K in gross profits
Aggregate sales volume touched $299K for a new monthly record in receipts, topping March’s $296K as the fever pitch culminated with the completion of
the Queen of Hearts being drawn by a lucky gal, taking home around $6K
o For those unfamiliar with the Queen of Hearts, every patron that walks into Boxers receives a ticket and whoever has their ticket number called
gets the opportunity to select a card on a wall in search of the Queen of Hearts and as more cards are drawn, the size of the pot grows larger and
larger
o This was the first round of this event at Boxers and the Queen remained elusive till the final two cards - how exciting!
Of note, FRYS is not affiliated with the Queen of Hearts game, that is all on Boxers
o
While FRYS notched new record highs in e-tabs, such records were not enough to drive a record monthly net income, but that’s not to say April was a
slouch, far from it Net income for April hit $13K
o That $13K profit includes $14K in taxes paid to the state, a figure that is set to rise to $16K for the month of May
Through April 2026, net income for the 25/26 campaign has reached $91K with four months remaining in the fiscal year
o In the 2024/2025 year, net income through April was $70K, translating to an incredible 30% increase in profits year-over-year!
In other FRYS news, the first leg of MN State Audit was completed with FRYS being penalized $517.20 for issues around raffles via document retention
and cash deposit timing strategies have been implemented to ensure those errors do not occur once again
o With the lawful gambling side of the audit complete, the next leg of the audit that centers on Unearned Business Income Tax (“UBIT”) is up
once again, FRYS expects that audit to go well as the organization has been militant about managing earnings and cash disbursements in the
month of August as the fiscal year-end approaches
once again, FRYS expects that audit to go well as the organization has been militant about managing earnings and cash disbursements in the
month of August as the fiscal year-end approaches
Lots of work is underway at the Rotary Camp Dave Beranek and Ryan Holmquist had a meeting with River Bend Nature Center to discuss the
upcoming usage of the camp
o The water purification box has been installed at the Camp via a long extension cord –> Cedar Lake Electric will be starting the installation of the
permanent outlet by the dock out at the Camp in the very near future
Expenses for June 2026
CGMade Easy = $250
Inventory = $4,500
MPeters = $12,000
City of Faribault = $2,000
Boxers = $10,000
Misc = $2,500
o Total = $34,250
On a motion by Dr. Huston & seconded by Ericka Staab, FRYS membership approved expenses for the month of June