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Fairgrounds reports midyear deficit, flags flea market and fair as financial priorities
Summary
Finance staff reported fiscal-year-to-date revenue of about $1.9 million and expenses of about $2.5 million, producing a net operating shortfall; the board discussed initiatives to boost flea market participation and flagged the fair and flea market as programs needing strategic attention.
Satrice Allen, presenting finance information to the Metropolitan Board of Fair Commissioners, reported preliminary fiscal-year-to-date figures showing about $1.9 million in revenue and roughly $2.5 million in expenses, producing a $629,000 operating deficit for the period. After accounting for depreciation of $682,256, Allen said the total net loss stood at approximately $1.3 million.
Allen broke down division-level results: the flea market showed a deficit of about $197,159 compared with budget; corporate sales had a $7,000…
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