Q3_Newsletter_2018_V2_022619
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2017<br />
FINANCIAL<br />
REPORT<br />
by Eric Wank<br />
First off, the board would like to apologize for<br />
the delay on reporting out our 2017 Financial Report.<br />
With the change of Treasurers (and a period without<br />
one) it took some time to fully understand and catch<br />
up on our finances. We have began using an online<br />
accounting software that has really simplified and<br />
sped up our book keeping. <strong>2018</strong> is already reconciled<br />
and will be reported out in the Q1 <strong>Newsletter</strong>.<br />
2017 Was an average year financially for us<br />
(see details on next page). On the whole, we ended<br />
up with a small loss of $61. Rebates from National<br />
came in at just over $3k, and significant income<br />
comes from Street Survial rebates; and we have to<br />
give a special thank you to Mr. Benet from Kauth<br />
& Mayeur for another generous donation making<br />
TRSS less of a financial burden on our club. We<br />
also want to thank our great advertisers, who help<br />
keep newsletter costs low.<br />
Speaking of newsletters, they are still quite<br />
a substantial cost at almost $3k. Although we’ve<br />
discussed going fully digital, the board voted to<br />
maintain our high end hard copy which you have<br />
all come to know and love. Event costs were over<br />
$4k, which we see as a good thing. Spending on<br />
events to benefit our members is what this club is<br />
all about. TRSS is the highest cost event, but as<br />
you already know much of it is offset. Other small<br />
fees are shown as well; we also now have a storage<br />
locker for all our club possessions.<br />
If anyone has any questions on our expenses,<br />
please reach out to us!<br />
CLASSIFIEDS<br />
2003 E46 M3. 42370 miles. Adult Driven. Never Tracked. $25K Firm<br />
Rod bearing recall was done by BMW Dealer Certified MTech as soon as issued by BMW. S62 is tight<br />
and strong. Coveted stick. I know both prior enthusiast owners personally.<br />
Fresh Oil change and inspection by Isringhausen Imports 1/7/2019.<br />
Contact: cmp@ParksFamily.com<br />
E36 Sedan Clear Tail Lights<br />
Aftermarket, new in plastic.<br />
Located in Metamora, can meet in Peoria<br />
Area.<br />
$40<br />
Contact Eric at:<br />
emwank@mtu.edu<br />
Ads may be posted by members at no<br />
cost. All ads must pertain to BMW oriented<br />
items. The Editor reserves the right to edit<br />
them.<br />
Email contact@illinibmw.com to submit<br />
an ad!<br />
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