The SCCA Financial Statements and Supplemental Schedule of Activities
Year ended March 31, 1999 was published for all to peruse, in the August
1999 issue of SportsCar, FasTrack section pages F-99 / F-101.
Lindsay
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From: Scott Meyers[SMTP:solo2@uswest.net]
Sent: Thursday, August 26, 1999 11:54 AM
To: SlyFoxRc@aol.com
Cc: autox@autox.team.net
Subject: Re: Petition to amend SCCA bylaws
SlyFoxRc@aol.com wrote:
> I wonder how long CART or NHRA or Formula 1 or any sanctioning
> body for Motorsports Racing would stay in existence by not letting
> the sponsorship money or advertising money or whatever outside
> revenue coming in at least make it a breakeven endeavor. We must
> ask the question of why SCCA as a sanctioning organization for
> Pro Racing is losing money. Is it because they have the Amateur
> organizations feeding in money that they can make irresponsible
> financial decisions? Could be.
> Tracy Sandberg
Is there a published copy of the Solo 2 section of the SCCA budget, or the
entire budget? Income, expenditures, debits, credits, and all that other
accountant stuff?
It would be interesting to have someone very knowledgeable about accounting
take a peek at how the SCCA budget is arranged. I suspect that the Solo 2
programs are not 'encapsulated' (that would be too easy), rather probably
overlapped through things like insurance, etc.
It may alleviate concerns, or not. Facts would be nice.
All the 'what-ifs' and related hysteria is pointless without real solid
information. But it would take a very good real accountant to sort it all
through. There are many ways to arrange budget statements and show expenses and
income.
Scott Meyers
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