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FORM 990, PART VI, SECTION A, LINE 2 | BOARD MEMBERS WADE FLORY AND CALVIN HELSINGER ARE BROTHER-IN LAWS. BOARD MEMBERS BRUCE ROWLEY AND LINDA ROWLEY ARE MARRIED. THERE IS NO BUSINESS RELATIONSHIP WITH THE ORGANIZATION WITH ANY OF THE ABOVE BOARD MEMBERS. |
FORM 990, PART VI, SECTION B, LINE 11B | THE DIRECTORS REVIEW AND APPROVE THE 990 AT A BOARD MEETING. ANY QUESTIONS ARE DISCUSSED. IF FURTHER EXPLANATION IS NEEDED, THE ORGANIZATION WILL FOLLOW UP WITH AN E-MAIL OR MAIL TO ANSWER THOSE QUESTIONS. ONCE THE QUESTIONS ARE ANSWERED THE BOARD MEMBERS VOTE TO APPROVE THE 990 AT THE SAME MEETING OR THE NEXT BOARD MEETING. |
FORM 990, PART VI, SECTION C, LINE 18 | THE ORGANIZATION HAS A NOTICE ON THE WALL OF THE MAIN LOBBY STATING THAT ANYONE CAN RECEIVE A COPY OF ANY INFORMATION REGARDING THE FAIRGROUND. ALSO ANYONE CAN CALL AND REQUEST THE INFORMATION. THERE IS ALSO NOTICES ON THE ENTRANCE AREA WINDOWS THAT TELL THE DAY OF BOARD MEETINGS. |
FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION HAS A NOTICE ON THE WALL OF THE MAIN LOBBY STATING THAT ANYONE CAN RECEIVE A COPY OF ANY INFORMATION REGARDING THE FAIRGROUND. ALSO ANYONE CAN CALL AND REQUEST THE INFORMATION. THERE IS ALSO NOTICES ON THE ENTRANCE AREA WINDOWS THAT TELL THE DAY OF BOARD MEETINGS. |
PART VIII & PART IX | THE FAIRGROUNDS ARE MOVING TO A NEW LOCATION IN 2018. THE PROPERTY THAT THE ORGANIZATION HAS BEEN USING HAS BEEN SOLD FOR $15M. OF THIS APPROXIMATELY $12M HAS BEEN RECEIVED IN FY17. THIS ACCOUNTS FOR THE INCREASE IN REVENUES FOR THE CURRENT PERIOD. THE MONIES RECEIVED ARE BEING USED FOR THE NEW FACILITY. THE FACILITY THAT THE ORGANIZATION IS MOVING TO IS CURRENTLY BEING CONSTRUCTED. THIS ACCOUNTS FOR THE INCREASE IN EXPENSES FOR CAPITAL OUTLAY FOR PROPERTY, LAND, AND EQUIPMENT. APPROXIMATELY $11M HAS BEEN SPENT IN FY17. THERE WILL BE ADDITIONAL REVENUE AND RELATED EXPENSES IN FY18. |
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