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Re: SEDiv financials

To: bthatch@juno.com
Subject: Re: SEDiv financials
From: TeamZ06@aol.com
Date: Fri, 14 Jun 2002 23:21:14 EDT
In a message dated 6/14/02 3:36:32 PM Central Daylight Time, bthatch@juno.com 
writes:


> Things are set up differently here in the southeast. The division bears
> the whole cost and reaps the whole reward for their events. 'Nuff said.
> Don't want to start any more flamin' <g>

sigh ..... 

The SEDiv bears the whole cost and guarantees the hosting region/club a 
minimum hosting fee.  If the event loses money, the hosting region/club still 
receives their minimum hosting fee and the division takes the loss.  If the 
event is financially successful, the net event profit is being split 50/50 
with the hosting region/club.  I suppose that some people may think that the 
effort which I, Karl Rickert, and Rick Cone put into staging each SEDiv event 
and the overall series is of no value and not worthy of the division 
receiving some amount of compensation.  Fortunately, most members are not 
that small-minded.

The GCAC group was very pleased with this arrangement at Ft Myers and I 
suspect that both the Central Florida and Coastal Empire regions will be too 
considering the turnout that is expected at those events.  The Central 
Florida Region has even offered to pay part of the Gainesville site rental 
out of their own budget and Coastal Empire worked out special pricing for us 
to use Roebling Road.  This reflects the true camaraderie and dedication of 
two SCCA regions and an independent club to support both their members and 
the divisional series, as many others have done in the past and will continue 
to do in the future.

The only intention for the SEDiv Solo2 Series to generate money beyond the 
expenses of staging a quality event is to maintain the quality of the 
$2,500/year Year-End Class Championship trophies and provide a buffer for 
potential losses.

Mark Sipe
SEDiv Solo2 Steward

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