Quarterback Club reports strong cash balance, fundraising gains; program spent on nutrition and special projects for new building
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Summary
The Bixby Quarterback Club presented an executive summary of its finances at the Jan. 16 Board meeting, reporting a healthy cash balance and year-to-date net operating cash flow while noting higher-than-budgeted spending on food and special projects tied to the district’s new facility.
BIXBY — The Bixby Quarterback Club reported a solid cash position and fundraising gains at the Jan. 16 Board of Education meeting, but the treasurer and club leaders also described increased expenditures for team nutrition and one-time special projects related to the district’s new high school academic building.
Steve Hobbs, treasurer of the Quarterback Club and CEO of Red River Payroll, told the board the club’s cash balance through Dec. 31 stood at $148,458 and the current-year net operating cash flow was $15,331. Hobbs said the club expects to reach near-breakeven by the close of its fiscal year in late February.
Hobbs said membership and corporate sponsorships exceeded the club’s aggressive goals, with corporate sponsorships surpassing the budget by roughly 25 percent. The club’s income categories include membership, corporate sponsorships, fundraising events (JV/Varsity Fall Classic, golf tournament), Spartan cards and merchandise sales.
On the expense side, Hobbs said football team operations are the largest cost item and the club exceeded its food budget because of team size and nutrition needs. The club also funded “special projects” connected to the new high school building, including logo theater seating in the film room, locker-room nameplates for 8th–9th grade areas and some signage. Hobbs said some project items were district- or contractor-provided while others filled gaps that the club covered.
Other expense categories Hobbs described included equipment and uniform purchases, coach professional development, game-day operations, communications and two recurring miscellaneous items: championship rings (unbudgeted in some years) and a senior scholarship program. Hobbs said the scholarship program sends $1,000 to seniors’ postsecondary institutions as a thank-you tied to senior participation and parental contributions.
Quarterback Club leaders said volunteers and parents play a major role in driving membership and sponsorship efforts and that the club plans to continue its fundraising calendar, including a May golf tournament and other events. The board thanked the club for the financial review and for supporting extracurricular programming districtwide.
