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NewsPrize Fund and Expense Sheet for June (2)Posted by Juraj on Fri June 03, 2016 at 20h48
DIVISION 1
Total entry fee: $60 x 6 = $360
Less NASPA fee: $1 x 14 x 3 x 1.3 = $55
Money left for prizes = $360 - 55 = $305
8 category prizes of $10 each = $80
Money left for standings prizes = $305 - 80 = $225
Two standings prizes (1st and 2nd finishers) of $150, 75 = $225
An additional prize of $30 is donated by the club for the best performer
starting at the bottom half of Div. 1
DIVISION 2
Total entry fees : $50 x 8 = $400
Less NASPA rating fee = $1 x 14 x 4 x 1.3 = $73
Money left for prizes - $400 - 73 = $327
Money left for standings prizes = $327 - 80 = $247
Three standings prizes (for 1st, 2nd and 3rd finishers) of $125, 75, 50
An additional prize of $25 is donated by the club for the best performer
starting in the bottom half of Div. 2.
SUMMARY
Div.1 Div.2
1st 150 125
2nd 75 75
3rd -- 50
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Total 225 250
CONTRIBUTION FROM THE CLUB
Room rental $100
Horse/decal/stationery 18
2 Best in bottom half 55
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Total $173
In addition, all entry fees less NASPA fees are returned as cash prizes.
Total prize money in relation to entry fees
= (225 + 250 + 80 + 80 + 55)/760 = 685/760 > 90%
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