Festival releases financial review
by Alan Reed
Jul 25, 2007 | 0 0 comments | 4 4 recommendations | email to a friend | print
Trigg County Country Ham Festival Treasurer Pam Alexander released a financial statement compiled by James L. Tribble, CPA detailing the event’s finances as of December 31, 2006.

Tribble said in a cover letter that he had not audited or reviewed the accompanying financial statements and “expresses no opinion or any other form of assurance on them.”

The financial statement, described by Alexander as an “exam,” lists $75,178.41 as cash-in-bank assets. The statement lists $34,658.28 in festival expenses, including $25,262.24 in events, $1,439 in transportation, $1,905 for portable lavatories, and $3,307.80 in unspecified festival operations.

In income, last year’s festival garnered $21,607.68 from booth rentals, $11,332 for the carnival, $5,034.05 for souvenir sales and $3,375 from the youth ham auction among the $42,543.59 of total income.

Alexander’s latest treasury report lists $50,855.67 in the festival’s account and $15,000 in a reserve. She said that with downtown courthouse construction, the festival could experience a few “lean years.”

The Ham Festival scholarship fund has been deleted to $126.93. According to Alexander, the annual amount of the award is $300. Acting as chair in the absence of Chairperson Thelma Fowler, Alexander said that she would entertain a motion from the committee to replenish the scholarship with $500, for this tear’s winner Jeffery Hyde, and future recipients. Alexander said that most of the funding in past years came from memorial contributions.

Committee Member Jeris Womack made the motion to transfer the $500 from the festival fund to the scholarship. She said, “It seems we have the money to do it at this point.”

Melissa Noel told the committee that a plan for vendor booth rentals had to be scrapped when notified that a second stage in West Cadiz Park would contribute too much noise to operate. She added that she planned to ask food vendors to itemize each electrical appliance used in their operation to fairly charge for electrical use.

For the rest of this story, read this week's Cadiz Record.
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