Cedar Rapids Gazette, March 22, 1974, Page 8

Cedar Rapids Gazette

March 22, 1974

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Issue date: Friday, March 22, 1974

Pages available: 28

Previous edition: Thursday, March 21, 1974

Next edition: Saturday, March 23, 1974

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Publication name: Cedar Rapids Gazette

Location: Cedar Rapids, Iowa

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All text in the Cedar Rapids Gazette March 22, 1974, Page 8.

Cedar Rapids Gazette (Newspaper) - March 22, 1974, Cedar Rapids, Iowa 8 Tho Cedar Rapids Gazette: I ii., Mar. 22, I!»71 First-Year Deficit Seen For Community Center By Roger Green    I    income would come from the , “some of the very groups for A proposed Cedar Rapids arena, aa estimated $94,500 for which it was designed were not community center would proba- the first year.    financially able to utilize it.” bly face a first-year deficit of Revenue is anticipated to in- The report outlines separate about $30,000, Robert Kazimour, crease IO to ll percent for the fees for profit-making and non-chairman of the center finance second and third years of opera- profit groups using the center’s advisory committee, reported tion, the report said.    arena, performing arts theater Thursday.    First-year salaries are cs- and small theater. However, “after the first; timated at $73,300 tor full-time    Fixed Costs three to five years, with aggros- staff. mAnanAmnn»    .    Kazimour    explained    the    non- sive management, the facility    Director    s    Salary    _ fit rate schedule is designed should achieve self-supporting    ,    .    ‘ J. :    ^    , financial level with the possibili-i. A directors salary of $20 000 » cover only fixed costs ut tv of earning a minimal profit." 15 suggested and. 'we feel this keeping the center open. a report approved bv the com- :,mount necessary in order to, I he committeei emphasized its entice a capable director, the agreement with that philosophy, a report adds. Other operating mittce pointed out. The committee approved final    draft of the report Thurs-.    ,    .    A    ,.    41 day    afternoon. Reports from not    estimated    injhe report four    other committees dealing with    diffeernt aspects of the center will also be submitted over the next week to William Fletcher, chairman of the I adding a statement to the report overhead is that: “The schedule of charges has Committee Chairman Kazi- been prepared with intentions mour explained those figures that profit-making organizations would depend to a large degree using the auditorium will bear upon the design of the facility. the burden of operating costs, Such operating expenses must allowing non-profit organiza- mayor’s advisory committee on the community center. Basis For Report The finance management report is based on information received from civic centers and auditoriums comparable in seating capacity and population area. The center should realize first-year gross income of $178,500, according to the report. The largest share of the gross the C.R. Exports Rise 25% in 1972: Petska Cedar Rapids firms exported about 25 percent more products during 1973 than during 1972, according to a survey released Thursday by the Chamber of Commerce international trade bureau. Exports for 1973 by 50 firms responding to the survey totalled $143,712,800. while 1972 exports totalled only $112,600,000. Total imports to Cedar Rapids firms surveyed totaled $7,155,000. about the same as for 1972, Richard Petska, bureau manager, reported. Petska said the figures indicate the export market for Cedar Rapids manufacturers is definitely growing, as the 25 percent figure outweighed the estimated 8 percent inflation for tile year. The large amount of exports provides more economic stability for the area as normally 12 to 18 months are necessary for a depression to spread from the U.S. to Europe, he said, providing a cushion for the local job market. Petska said the outlook for the 1974 export market is uncertain as domestic demand has increased considerably in light of supply shortages. be estimated by (architect, he said. $30,000 Deficit However, Kazimour did speculate, based on the operations of other similar centers, that the facility would probably show about a $30,000 deficit the first year. The deficit would following years, he said, and building tions to use it at a minimum charge to meet only fixed costs.” Management Course Set at Town House Management by objectives will be the subject of a seminar Wednesday at the Town 1 House. The seminar is designed for persons employed in management or those preparing to assume managerial positions in business or industry. Seminar leader will be Dr. Barry L. Reece, associate professor of business education at the University of Northern Iowa. The program will open at 8:30 a.m. and run until 4 p.m. Persons interested may preregister with Odessa Turner at 398-5456, or they may register at the opening of the seminar. Registration fee is $20. It’s easy, its fun, it’s inexpensive, it’s resultful . . . it’s Gazette want ads! Social Security Income Reports Due by April 15 Pensons who earned over $2,100 and got one or more social security retirement or survivors chocks in 1973 must submit an annual report of their earnings to social security by April 15. James Wood, social .security district manager, said the report shows self-employment income and wages earned last year as well as expected earnings this year. “The report will be used to determine if people were paid the correct amount of social security benefits and to adjust their payments for 1974,” Wood said. Full social security benefits could be paid to eligible people in 1973 if they earned $2,100 or less, he explained. No matter how much they earned for the year, they could be paid full benefits for any month they earned $175 or less land didn’t do substantial work in their own business. For 1974, the figures Increase | to $2,400 for the year and $200 per month. Late filing of the report or failure to file could mean loss of social security benefits,, Wood I said. Persons over 72 in all months of 1973 do not need to make an annual report. Miss Woods Is Panel Witness WASHINGTON (UPI) - Rose Mary Woods, President Nixon’s personal secretary, testified se-| Icretly Friday before the senate Watergate committee about what she knows of a $100,(KH) Ic a rn p a i g n contribution from Howard Hughes. HARDI GARDENS ____ ...    rn.    IIC    C    C 3901 FIRST AVF. S.E. OPEN 9-9 MON.-THURS. FRI.-SAT. 9-5 SUN. 11-4    SS Two Get Suspended Terms in Buchanan INDEPENDENCE - Suspcnd-c dsentences were handed down . , to two men in Buchanan county C?jC district court this week by Judge Roger F. Peterson. the center would probably break 0n Wednesda„ David c> En_ even after three to five years, yart 46 rural Waverly> pled as pointed out in the report. guilty to a drunk driving charge If an aggressive manager is filed Feb. 8. He was given a 30-hircd as soon as the centers day upended jail sentence and plans are finalized so booking par0,ed to Kcnneth McCardie tor the centers use could begin for one year Enyar^ was ajso the same time construction I ordered j0 enron in a drinking starts, the center could theoreti-drjver<s course and associate cady break even the first year, wjtb |be Northeast Iowa Council ®    ,    on Alcoholism. His license was He added, however, that such revoked good fortune is not likely based Thursday, Michael Boyd on other centers performances. jrvvjn 26, Independence, was Reduced Rates    given a three-month suspended The committee suggested any jail sentence, and he also was profit the center might make ordered to associate with the should be directed toward low- Northeast Council on Al- ering rental fees for non-profit coholism. He was charged Dec. organizations.    18. 1973, of carrying a concealed David Spatola, fine arts coun- weapon and withdrew an in- cil executive director, presented nocent plea and changed the the committee with a written plea to guilty Feb. 21. Defendent statement expressing concern was paroled to the bureau of that the center rental charges adult correction for an undeter- shouldn’t be priced so high that mined time. ABA Chief Hits Nixon Stance on Watergate Data MIAMI (AP) — American Bar Assn. President Chesterfield Smith says President Nixon’s refusal to hand over all Watergate evidence to those considering his impeachment amounts to obstruction of justice. “I completely and wholly disagree with Nixon’s contention that dragging out Watergate drags down America,” Smith said. “The American people want wrongdoing uncovered and the wrongdoers punished, no matter how high the office they hold.” In an interview, Smith said the President was on shaky constitutional ground in not releasing all requested documents and tapes. “I don’t feel any evidence is subject to presidential privilege, presidential privacy or even national security.” he said. LARGE SELECTION OF FRAME STYLES AND COLORS Buy 1 Pair at Reg.Price • Spare Pair '.m»L<*1/2 Price single vision GLASSES Offer Extended to March 30, 1974 IMMAX! ftlUM DOWNTOWN CEDAR RAPIDS 106 1ST STREET S.E. CHN All DAY MONDAY THRU SATURDAY INVENTORY REDUCTION SALE Our Inventory Must Be Reduced By Vs This Week-End Save Up To 70% On Many Items—Entire Stock Sale Priced NO REASONABLE OFFER REFUSED OPEN TONITE TILL 9:00 SATURDAY 9:00 TILL 5:00 Three-Cushion Craftline Sofa Beautiful print velvet cover, lifetime guaranteed construction, something really special. Regular $369.95    $    -I AQ95 Now I 7 ^ Three-Cushion Spanish Sofa Luxurious velvet cover, lifetime guaranteed construction Regular $569.95    §    *% /k Q95 Now Three-Cushion Mediterranean Sofa Rich velvet cover, lifetime guaranteed construction Regular $439.95    $ Now Early American Sofa 269 95 Nylon cover, wing back styling 15995 Regular $399.95    $ Now Queen Size Hide Away Herculon cover, 4 inch foam mattress Regular $499.95    $ Now 229 95 Sofa Plus Luxurious sofa by day, bed by night, heavy duty cover. Regular $369.95    $ Now 199 95 Reclining Chair Full size with top quality Naugahyde cover. Regular $159.95    $A/)95 Now # # High Back Swivel Rockers Your choice of several colors and styles. Regular $189.95    $ Now 99 95 Three-Piece Mediterranean Bedroom Set Triple door dresser with twin mirrors, door chest and queen size headboard. Regular $499.95 Now 299 95 Ther-a-pedic Mattress and Box Spring Queen size, I O-year guaranteed. Regular $1 89.95 J Now 129 95 Twin Size Hollywood Bed Innerspring mattress box spring, frame and headboard. Regular $99.95 J Now 69 95 Seven-Piece Dinette 36x60-inch extension table and 6 chairs your choice of patterns and colors. Regular $1 89.95    4, Now 139 95 PLUS    MANY OTHER    STARTLING VALUES J 90 Days Same As Cash or Easy monthly Payments JU owe M. tin J <.7, rdJecor Sells Beautiful Furniture at 4398 Mf. Vernon Rd. S.E. OPEN 9-9 Fri., Mon. & Thurs. 9-5 other weekdays Closed Sundays t ;

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