Calculation for KyQHA Breeders' Incentive Fund Payouts for 2007

1. For the year 2007, KHRC allocated $446,629 to the KYQHA BIF.

2. AQHA reports for program year 2007, there were 63 Kentucky foaled Quarter Horses that started a race, and 728 Kentucky foaled Quarter Horses that showed. Consequently, 7.96% of the KYQHA BIF will be distributed to Kentucky Quarter Horse racing, and 92.04% will go to Kentucky Quarter Horse showing.

3. Multiplying $446,629 by 7.96% equals a distribution of $35,572.22 to racing.

4. Multiplying $446,629 by 92.04% equals a distribution of $411,056.78 to showing.

5. Total racing points awarded in 2007 to eligible horses was 380. Dividing $35,572.22 by 380 yields a value of $93.61 per racing point.

6. Total AQHA Incentive Fund points awarded in 2007 to eligible horses was 1778.5. Dividing $411,056.78 by 1778.5 yields a value of $231.13 per AQHA Incentive Fund point.

7. KYQHA BIF checks will be distributed only after all requirements have been met.

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