LCS '06 financials are in!

[rdorman]

Well we finally have a decent handle on finances from the London Cobra Show for 2006 and here they are! These are in round numbers since to the penny will not be know until we have to do the financial statement and income taxes.

Income including DVD and decal sales, registrations, raffle ticket sales, motorcycle donations and the auction
- $92,000.00

Expenses including the raffle car build, advertising, site expenses for autocross, equipment expenses, video production (should be out soon!), shirts for staff, A/V setup, tent, etc, etc, etc
- $25,000.00

Of the net of about $67,000.00, here is what we did with the money:
- $15,000 went to the purchase of the motorcycle for the London Police Department
- $30,000 is going to Cystic Fibrosis
- $1,000 is going to the Madison County Sheriff’s Department’s D.A.R.E program
- $200 is going to St. James Lutheran church

This leaves about $20,800 to pay some lingering bills that we know are coming ($2,000 ish) and the remainder is ‘seed’ money for 2007 expenses that we have to pay early on.

In addition, CF received the following donations as a result of LCS in 2006
- $1,800 from the Cocktail party hosted by our very own Justin Leedy!
- $2,850 in rides given at the show
- $600 donation from the proceeds of t-shirt sales

Bringing CF’s total from this year to $35, 250!

All in all, a great year! Thanks to each and every one of you for supporting CF, LCS and London!