The following will be the basis for a proposed amendment change to item IV, sub-item b, sub-item ix of the By-Laws of the Dakota Boosters.

• Credits will now be equated with a dollar value.

• The corresponding dollar value will be determined using the following formula.

  • Start with the previous year’s revenue from all Booster sponsored events.

  • Minus the previous year’s cost of purchases for the Booster sponsored events. (This is equal to the Booster’s profit.)

  • Minus 25% of Booster’s profit. This will allow for lower receipts. If this number is too high, the dollar value will be adjusted accordingly at the end of the school year.

  • Minus $12,500.00 for repeated requests (Scholarships, SANP, Prom,…)

  • This resulting amount will be divided by the number of volunteer opportunities available for the school year.

  • The volunteering opportunities are as follows:

    • Craft Show: 150 volunteers

    • Football: 125 volunteers

    • Basketball: 45 volunteers

    • Soccer: 55 volunteers

    • Track: 25 volunteers

    • TOTAL: 400 VOLUNTEERS

  • The above formula will be used to figure the dollar value per credit.

• Credits will only be earned by working a Booster sponsored event (concessions, craft show).

• Any excess/reserve will be used for academic/facility/administration requests.

• The Boosters asks that the donation requests be presented prior to the credits being earned.

• The credits will be able to be ‘rolled over’ twice, where the money earned would have to be spent in the third year.

• A report will be provided monthly with the monies earned by each organization.

• Based on 2010 receipts, a credit in the 2010/11 school year would be worth $34.21.

• EXAMPLE:

  • 2009/10 Receipts: $60,822.00

  • Minus 2009/10 Concession/Craft Show Expenses: $25,907.00

  • Profit for 2009/10 School Year: $34,915.00

  • Minus 25% for potentially lower receipts: $ 8,728.75

  • Minus $12,500 for repeated requests:: $12,500.00

  • Monies available for donation requests: $13,686.25

  • Divide by 400 credits available: $34.21