Salt Lake Tribune | 1915-02-06 | Page 14 | Commercial Club Report Shows [Illegible]

COMMERCIAL CLUB REPORTSHOWS 61 Rooms, Buffet and Billj; Room Cover Losses in Cafe. NET GAINS INDICAT Copies Are Mailed to Me bers ; Figures Are Giver in Detail. In support of frequent assertion! inf? the past few wcekr that the ( mercial club is in better financial dition than at any tiino since it m( into the new building, the annual fi cial report of the board of gover made public yesterday shows a net i of $873.43 in 914 as against hi losses in previous years. The gai shown after deducting tho bona ii est and all accrued indebtedness, house operations, except the t showed a ain, and the cafe loss is smallest since 1010. The report, of which were mailed to members of club yesterday, follows: Tho analysis of tho financial eo dition of our club given belo should prove reason for you to co ratulatc voursclf for having loyj ly stood Dy the organization ai its executives during tho troubi some experiences of 1914. You will find that our affairs a completely within the grasp of to executives and that extravaganc which have all along existed ba been largely eliminated and mai economies introduced, each of whi has increased our efficiency beroi expectations. Net Loss Decreases. The cafe revenue amounted (26,o3o.o0, and all expenses cbarj able to the cafe were $31,497,' which nets the smallest loss ain 1910, $4961.81. The buffet yielded a revenue $13,498.31, while the expenses $12,119.63, showing a gain $1378.68. The billiard room revenue k $2558.40. The expenses amount to $1409.03, giving a gain $1149.37, the largest since 1910. The rooms yielded a revenue $7497.10; expenses of all kin were $2026.23, netting a gain $5470.87, the largest in the histo of the club. The total gains amounted $7998.92, from which deduct t cafe loss of S4961.S1, leaving a a gain on house Operations $3(137.11. The general operations for the re; which includo all departments, e cept the foregoing, have cost $41,162.4S. The general operati. expenses depend entirely upon mei bership dues for their payment, a: in order that this may be prompt done it is obvious that much d pends uron keeping the merabersh roll up to the maximum in nui bers, and prompt payment of dui At Opening of Year. We began the year 1914 with balance of dues and house rharz owing by members of $30i91.I and nave earned dues for the ye amounting to $44,284.07. making total, aU sources, $74,875.82. ( this amount there has been co!!e: ed $54,917.03, and uncollected $1! 95S.79, of which $10,386.07 a beeu charged to depreciation as a collectible, leaving a total unpai considered good, $9572.72. The total amount of cash reeeivi from all sources was $1 14.882. distributed as follows: $47.5ooJ for materials, $31,732 for wages all departments. $19,362.50 not due banks, $8600 bond inters: $1173.19 interest on miscellaneo items. $6001.07 overdraft at bai January 1, 1914: total, S114.422.7 which left a balance on hand D ccmber 31, 1914. of $46tj.09. Your auditors' anuual repo showing resources aud Jiabilitit both fixed and current, is not v ready for publication, but the fi urcs are all compiled and yrilljbn for the year a net gain of SSi3. after considering bond interest a: all other accrued indehtedne: This result ngainst heavy losses previous years.