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Selma recreation board presses for clearer accounting on Railroad Days sponsorships and revenues
Summary
At its November meeting, the Town of Selma Recreation Advisory Board pushed staff for a detailed breakdown of Railroad Days sponsorships and miscellaneous revenues after learning a $2,500 annual sponsor line may be spread across multiple events and the festival cost about $130,000 with roughly $12,000 offset by sponsors.
The Town of Selma Recreation Advisory Board on Tuesday pressed staff for clearer accounting of Railroad Days finances, asking how a $2,500 annual sponsorship line is allocated and requesting a full breakdown of miscellaneous revenues tied to the multi-day event.
Board members said they were concerned the $2,500 figure in staff materials represented a sponsor’s full-year commitment, not the portion specifically attributable to Railroad Days.…
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