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Quarterback Club reports strong cash balance, fundraising gains; program spent on nutrition and special projects for new building
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…
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