I'm going to share some items from the annual meeting and use the balances shared then. Any changes to account balances would be minor:

Account Balances on 7/22/2020

Checking-                      $66,986.01

Savings-                         $1,340.30

Business Premier-        $49,439.43

Total-                             $117,765.74

• Our bank balances are higher than usual now because they include race registration fees for both Highlands Sky and Haulin in the Holler, both of which were postponed and therefore have little to no expenses so far.
• The majority of Highlands participants requested deferrals until 2021 as did the Haulin' participants.
• General club expenses average between $9-10,000 annually and the majority of that is covered by membership fees and to a much lesser extent, donations. Race proceeds that are paid to the club cover the shortfall. 
• The Business Premier account is currently earning 0.02% interest after the introductory rate expired in May which was 1%. There are currently no better interest rate offers at Huntington Bank.

I'm happy to answer any questions.

Thanks-

Matt

Thanks Matt.  Any discussion?  If not, I would entertain a motion and a second to accept the Treasurer's Report as presented.

I move that we accept the Treasurer's Report as submitted.

I will second