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Prize Fund and Expense Sheet for June

DIVISION 1
 
Total entry fees: $60 x 8 = $480
 
Less: 1/2 room rental                  $50   Thanks, Estelle
      1/2 horse + decal                  5
      Stationery (.50/player)            4
      NASPA $1 x 14 x 4 x 1.3           73
                                  --------
Total                                 $132
 
Money left for prizes - $480 - 132 = $348
 
Less, $10 x 8 for category prizes, money left for standings = $268.
 
Standings prizes for 1st, 2nd, 3rd: $125, 85, 60 = $270
Best performer from bottom half (from club funds): $30 
 
 
DIVISION 2;
 
Total entry fees: $50 x 8 = $400
 
Less:expenses, as above             $132
       
        category prizes as above      80
                                 -------
        Total                       $212
 
Money left for standings prizes = $400 - 212 =$188
 
Standings prizes for 1st, 2nd, 3rd: $80, 60, 50 = $190
Best performer from bottom half (from club funds): $25    
 
 
Total entry fees = $480 + 400 = $880
 
Total prize money = $270 + 190 + 80 +80 +30 +25 = $675
 
%entry fees returned as prize money = 675/880 = 75.6%