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Madison Athletic Boosters report strong bingo revenue and a $600,000 loan for turf project
Summary
The Madison Athletic Boosters reported multiple fundraising streams including bingo, purse bingo and concessions, and said they secured a $600,000 loan from Park National toward a turf project; boosters described volunteer operations and upcoming fundraisers.
The Madison Athletic Boosters told the school board they continue to generate substantial revenue through bingo operations, concessions and special fundraising events and have secured financing to support a turf project.
"The boosters was able to secure a $600,000 loan from Park National to help with this," Tina (S6), president of the Madison Athletic Boosters, said during a presentation that also listed recent fundraising totals (examples given in the presentation: roughly $142,000 from Vermillion bingo operations, $40,000 from purse bingo and $8,000 from a turf fundraiser).
Tina outlined volunteer infrastructure at the East Brook Center, use of debit and ATM machines to increase concession revenue, and new revenue experiments such as tip machines at local businesses. The boosters also said they pay volunteers for certain services and provide meals for volunteers at bingo.
The boosters asked the board and community for volunteer support and listed upcoming events including a golf-bingo fundraiser and the fifth annual Ramper—s Bingo in August. The boosters said some items purchased this year included new turf, tables, a scoreboard and scholarships.
The board received the presentation and thanked the boosters for their work; no formal board action related to booster finances or the loan was recorded in the meeting transcript.
