At the last city council meeting, we shared the financial results from Pony Express Days (PED). The goal that we were aiming for was to keep PED costs before wages at or below $25,000. I am pleased to announce that our events department knocked it out of the park and not only met this goal but made some money on the events! The preliminary results show we made $5,453.28 before paying employee wages for PED. When we add in the expenses of employee wages, we spent a total of $23,305.46 for the PED festivities. I am thoroughly pleased with these results and I hope you are also. We will have a staff meeting in the coming months to discuss the plan for next year’s PED. I have confidence that this year’s performance is repeatable, and having set the baseline, we can manage PED and any improvements or additions in a controlled manner.
I want to be perfectly clear that the accounting for PED fiscal year 2014 does have other expenses from the prior year’s rodeo, derby and a final payment to the stock contractor which was a contractual obligation for this year. While those expenses were a result of prior commitments and will not exist from this point forward, they are expenses associated with PED. A link to the financial analysis is posted below. This analysis shows expenses strictly from this year and also expenses including prior obligations.