As of the end of the first half of this fiscal (calendar) year,
the Redwood Region's finances remain in good condition. Total
assets of $25,717.87 include:
·$3,174.10 in the Checking account
·$2,421.77 in the Autocross reserve account
·$7,567.98 in the Money Market account
·$10,121.55 in the Certificate of Deposit
·$2,432.47 in Goodie Store inventory
Total income was $13,276.31 with major sources:
·$5,080.00 from Autocross
·$3,416.00 from National
·$3,770.80 from tours and parties
·The remainder coming from badge fees, advertising revenue and
Goodie Store sales.
Total expenses of $11,021.45 consisted of:
·$4,252.40 for Autocross
·$3,917.96 for tours, parties and other events
·$2,851.09 for operational expenses including badges,
newsletter, website, postage, copying, bank fees, meeting
expenses and miscellaneous supplies.
Net income for the first half of the year was $2,229.54.
As the Region's tours, parties and other events are designed to
break even, and assuming that they did, net income was mostly
contributed by AutoCross (net $827.60) and the unspent remainder
from the PCA National rebate (net $1,401.94).
Please note that these financial figures are unaudited, but will
be reviewed by the Redwood Region Financial Review Committee at
the end of the year. Any questions, clarifications or requests
for full financial statements, please contact Region Treasurer,
Jerry Gladstone at