One of the responsibilities of the Club Treasurer is to submit the financial statement of the Club to the membership at least annually. Accordingly, I am pleased to present the financial statements for the year ended December 31, 2012. The results reflect an active and successful club. Income from registration fees, membership dues and other sources once again exceeded expenses and provided support for the clubs non-revenue producing activities.

For those of you keeping score from year-to-year there are a couple of significant financial events included in this year’s results. First, we completely transitioned to a digital Der Gasser magazine. In years past, the Der Gasser has nearly always run at a deficit, requiring a subsidy from other areas of the club’s activities, notably the club’s membership income from national. The conversion to a digital format eliminated the need for the subsidy and freed up membership dues revenue for use in supporting the other activities of the club.

The Club also weathered a potential financial storm, the cancellation of our July Watkins Glen Drivers Ed event, long recognized as one of the highlights of our DE season. The event was cancelled by the track in order to make repairs in preparation for some minor league racing event, the NASCAR Cheez-It 355 (sarcasm emphasized). Nonetheless, our DE volunteers navigated their way to finishing the season in the black. My thanks go out to the many volunteers that make all these events a reality. I have been involved in a number of non-profit, volunteer run organizations over the years and can honestly state that our club is currently running as smoothly as any I have ever been associated with.

Respectfully submitted,

Chris Barone