Tag Archives: Corydon

Doing Derby SOIN Style | 2017

To the medley area that encompasses Kentuckiana, The Kentucky Derby is one of the biggest days of the year. It doesn’t matter if Seabiscuit is your All-Time favorite movie, or if you would really rather not deal with the traffic, there’s no avoiding the festivities and commotion once April hits and the road to Derby has commenced, paving its way to the glory of the track. So, we sent JD Dotson and Grant Vance on a road trip to find out how those who work and/or live in Southern Indiana celebrate the big day. This is just a sample of how our fellow citizens are doing Derby SOIN style this year. 


Craig Nance, New Albany

I am a horseracing hobbyist; not an expert or trained professional. I don’t like to give betting advice, and please don’t interpret this as such. This should be read as an uninspiring story about a young boy of 17 that placed a $12 bet that paid $2,000, and who was forever a fan of the ponies after that point. One who cannot resist the allure of the next brilliant bet and big cash (still waiting).

Admittedly, I probably lose more than I win, but I continuously come back to overanalyze the program and hold my breath while my horse gets nosed out at the finish line. I primarily play the ponies for the thrill of outsmarting the rest of the betters, but I also love the history and greatness of horse racing, the atmosphere at the track, the adrenaline of the cheering fans, power of the thoroughbreds, breaking out the seersucker and sipping on a few too many mint juleps.

I tend to dream a little too big and over play the longshots but only because this, again, is just a hobby and where is the fun in playing the chalk?

There is no better day than the first Saturday in May to dream big, overanalyze the program, and look damn good in your seersucker while cashing your first exacta for three times what it would pay on a normal Saturday. What makes the Kentucky Derby such a great day for betting is the inflated pots due to the thousands of tourists, drunk infielders, celebs, hobbyists with inflated expectations (like me), and millions of casual off-track and online bettors adding to the fat Derby Day pots. Look up pari-mutuel betting if you don’t understand how it works.

I usually spend the days leading up to the Derby watching the Derby prep races online to get a feel for the contenders (available at www.kentuckyderby.com at no cost). I don’t need to watch these to pick out the favorites, but I try to find the bridesmaid that looked like she just had a bad rehearsal (bad start or wild trip), didn’t seem to like how her dress fit (track/weather conditions), looks her best after a long day of pampering (conditioning with each race) or caught the bouquet toss (next time a bride). You can also get this information from the program, but sometimes seeing is believing.

I rarely bet the win, place or show bets, even though you can get some great odds on Derby day. I prefer the exotics and searching for the big cash. Most races consist of a large trifecta and a couple exactas to back it up. I try to take on partners when I want to bet bigger and go for the pick six or a superfecta. I prefer to use an alternative to boxing my bets when I play trifectas and superfectas, which is called a part wheel. This type of bet allows me to pick different quantities of horses to come in specific finish positions (i.e. 3,7/3,7,5/3,7,5,4,9). I will put my favorites picks on top, consider plugging others betting favorites in the place position to be safe, and oftentimes add longshots to the show position for the unknown.

My analysis of the program usually starts with looking at every horse without paying attention to odds. I look mostly at past performances and a multitude of factors, including but limited to race quality, track conditions, splits, finish, distance, speed figures, etc. Once I narrow it down to a handful, I rank them and consider other factors like jockey, trends, breeding, layoffs, track condition, etc. Then I factor in odds and look for value. I usually throw out any extreme chalk unless it seems inevitable. I land on a couple personal favorites and tailor my bets to maximize my return on those select few while giving myself some outs in case I completely miss judge the field.

Top riders usually matter but they are all (top riders) in the Derby. Good trainers help, but they all did their job to get their horse here. Breeding sometimes matters, but I just don’t have the time to follow it that closely. Grey horses have a certain mystic, but I don’t think that really matters either. Speed figures are a good basis for easy analysis, and tip sheets are useful but you need to find the right ones. When all else fails or you have had too many mint juleps, horse names might just be the best approach.


Josh Premuda, Jasper  

This is my first year going (to the Kentucky Derby at Churchill Downs). We’re renting a charter party bus. It’s like 30 bucks a person. They’re picking us up, and I want to say there’s close to 30 of us going. We’re going to get dressed up. My wife is a photographer, so I think she is going to try do some of our own Derby staging photos, before we all get too many mint juleps in us. Going to spend the day and come back, really. I want to go to the Oaks, I’ve heard that’s more fun, but I doubt we’ll go. I’m a big check-it-off my list kind of person. You have to do it one time and have a good time doing it. No $1,000 mint julep for me, though. Don’t you get a cup or something? I’d love for my bar. (Maybe if I) win big I’ll do it.


Rose Glasser, Louisville

Either the day before Derby, or an hour before Derby starts, I regret that I haven’t been doing anything for Derby, so I hurriedly find my friends and go hang out at their place. My friends have a place that’s walking distance from Churchill. My favorite time is just celebrating each other, but my favorite couple years — we’re actually a group of swing dancers — and for a couple years, we occasionally bust out, and it stops being us spectating them(passersby) and them spectating us. And, most of the time, you could hear their music going by, so it would depend on their music. The common thing is that girls would have heels in their hands walking. My friend started offering hospital booties, and it was hilarious. … He would have to convince (people) to put them on their feet.


Marsella Congleton (pictured with her husband, Keith), Corydon

We just have another couple in and – no money exchange – and we each pick a horse. We always watch it on TV, but we’ve never been. I pick my horse by the way he looks – the stout one! – and I’ve been pretty successful.


Eileen, Jasper

Well, I tell you what, we have people from (Jasper) that go up there (to Derby). We had a guy who owns the print shop the other year rent a limo, brought his party in here (to the Schnitzelbank Restaurant), drove up there and as soon as the Derby was over, they came back down here for dinner. We usually all work on Derby. It’s busy, busy. I have some friends from Kansas City (in Missouri) who come here and stay in our town because they don’t want to deal with the camaraderie and everything that’s going on in Louisville. You can’t get a hotel half the time. So, they stay here. They usually come the Tuesday before Derby, go up Thursday for Oaks, and stay until after Derby.


Travis Cheatham, Ferdinand

We used to go to Derby all the time. We’d get a rental van and a bunch of us would go, and then, now we just do it at the house, and we’ll put out banners and flags of horses, and just do our own bets and stuff. Just to avoid the crowd. Winning big (is my favorite part). Getting the tickets and changing your mind last second, being the winner. I’ve won a little over $200 before (on a) trifecta.

Kenneth Keller , Ferdinand

We have a Derby party at my parents’ house every five years. There’s usually about 50 people there. We do all kinds of decorations and stuff, but out thing is every year we do a stick-horse race, like a backyard derby. And the stick horse gets wreathed with roses and get some kinda prize for being the fastest runner. It’s really funny to watch people do it.


Donna Wilson, Corydon

I’m going to Derby and I usually go to Derby parties at a friend’s house. This year I’m going to Oaks and I’m going with my sisters and sisters-in-law. We’re in a box, getting a ride – dropped off and picked up – and going to a nice dinner afterwards. Everyone will have hats. Derby day, I’m going to a Derby party at my friend’s. We do fun “friends betting.” But If I’m at the track, I definitely bet at the track, and I pick the horses by their names. Our Derby party isn’t themed or anything, just standard food and, of course, Juleps.


Jason, Corydon

(At Emery’s Premium Ice Cream), we have our Derby flavor, bourbon pecan pie. We’re open on Derby, so we don’t go to actually celebrate Derby, but you know we’re in (slinging some Derby Pecan Pie). It’s a bourbon cream with chocolate and pecans, so it’s very similar to a Derby pie, but with a bourbon base. I’ve been to Oaks 10 times; haven’t stepped foot in the Derby once. I’ve worked here 10 years, so I definitely haven’t been since. Boss would know if I called in, it’s just me and him.


Lee Webster, Jasper

I usually watch the Derby at home and pool bets if we have enough people. I used to go but not anymore. Now, it’s just a fun day with friends and food… I love the hats; wish I had a place to wear it.

Amanda Bennet, Selvin

I used to go to Ellis Park (in Henderson, Ky.) for the horse races, dollar beer and dollar hot dogs. That was big when (all of my friends and I) were 21. We would go around Derby, especially. But I haven’t been in five years.


Dolores Dotson, Lanesville

Yard sale day (is an annual event on Derby in Lanesville). I’ve done it almost 20 years. Has it been that long? I guess it’s been 20 years. All of Lanesville! It’s pretty big. We used to watch the Derby after and everyone would put five bucks in a jar and pick a name, but everybody is too pooped now. We’re all getting older, and we all just go home and watch it.


Tara Smith, New Albany

It’s my mom and sister’s birthday, so we typically have people over, watch the race, bet money and have a cookout with a big cake with roses. And, of course, we dance and have a great time doing so.

It’s Tax Time, Southern Indiana

Most People who’ve been filing income taxes, and maybe also business taxes, for years know the drill: gather all your records, keep your receipts and use an experienced professional tax preparer.

Beyond that, though, what are some items that frequently slip through the cracks? Nicole York, senior manager at Rodefer Moss & Co., took time to share her expertise. 

By Steve Kaufman

EXTOL: What are the things your clients need to bring to their tax preparation visit with you?

NICOLE YORK: First, any income statements: a W-2 for an employee, a K-1 for someone in an S-Corp or partnership, 1099s for sole proprietors and independent contractors. Then, all reports regarding mortgage interest paid, real estate taxes, property taxes (on cars, boats, motorcycles, campers) – it’s called “excise tax” in Indiana, “advalorem tax” in Kentucky. In short, I always tell my clients, “Include anything you get in the mail that says ‘Important Tax Documents Enclosed.’ ”

EXTOL: What about business expenses?

YORK: Have a list of all ordinary and necessary business expenses that might be deductible – anything they’ve had to pay to keep themselves in business.

EXTOL: What might change from year to year?

YORK: The birth of a child. A job change or relocation. Sale or purchase of a home, investments or other large assets. Distributions from a retirement plan. Significant medical issues. It could be something as simple as putting a child in daycare. We also recommend that they show us a couple of prior year tax returns, so we can see what’s been normal in the past.

EXTOL: Is it too late to make any significant changes to one’s 2016 tax situation?

YORK: Not at all. Many people don’t know theystill have time, even after the prior tax year ends, to take steps to mitigate their taxes for that year. You can still put $5,500 into your IRA ($6,500 if you’re over 50) until April 15 to count against last year’s taxes, assuming you meet the eligibility requirements. Self-employed individuals can still set up retirement plans until April 15. With a SEP (Simplified Employee Pension), you can put in about 25 percent of your net earnings. In fact, you even have until Oct. 15 to do that if you need to file for an extension on your taxes. And you still have time to max out a Health Savings Account (HSA) if you have one – up to $3,350 for a single taxpayer, $6,750 for a family, with an option for an additional $1,000 catch-up contribution if you’re over 55.

EXTOL: A Health Savings Account? What is that?

YORK: It’s a set-aside fund to pay for qualified medical expenses that exceed your health insurance plan’s deductibles.

EXTOL: Can anyone set one up?

YORK: No. First, you need to have a high-deductible health insurance plan. The government defines that, for 2016, as having deductibles of at least $1,300 for an individual, $2,600 for a family. In addition, the total out-of-pocket expense can’t exceed $6,550 for an individual, $13,100 for a family.

EXTOL: Do many people have that?

YORK: More and more, probably. It’s one way to keep premiums down, whether for health insurance coverage you’re required to carry under the Affordable Care Act or for health insurance coverage you’re getting through your employer.

EXTOL: How do you set up an HSA?

YORK: If it’s an employee benefit, your employer sets it up and withholds the contributions from your paycheck.

EXTOL: Is it too late to set one up now for your 2016 taxes?

YORK: It is. Those plans have to be set up before year-end. If you already have one, though, the deductible contributions can still be made until April 15. However, any HSA contributions made in 2017 for the tax year 2016 have to be made by the individual, such as a check deposited directly into the account. Just tell your bank that those are “prior year contributions.” Any contributions that come from the employer’s withholding on your paycheck will only be credited for the year in which they’re withheld.

EXTOL: We live in a two-state, multi-county community. It must get complicated.

YORK: Yes. For instance, a lot of Indiana residents working in Louisville have Louisville tax withheld from their paychecks. Indiana allows for a tax credit for those payments. One thing we find with new clients is that they’re not taking that credit, especially if they’d been preparing their own returns, or if the returns were done by a tax preparer unfamiliar with Indiana tax law.

EXTOL: Does that apply to state withholdings, as well?

YORK: No, Kentucky and Indiana are reciprocal states. So, if an Indiana resident is working in Kentucky, the employer withholds Indiana state income tax. And, of course, vice-versa.

EXTOL: Indiana residents do pay county income tax,
too, don’t they?

YORK: Yes, based on the county they lived in as of January 1 of the taxable year. It’s a flat tax filed with their Indiana state return. It’s not a separate metro return, like in Louisville/Jefferson County.

EXTOL: And the county tax rates are all the same?

YORK: Not at all. Around here, it’s 1 percent in Harrison County, 1.15 percent in Floyd County and 2 percent in Clark County. Something to think about if someone is planning to move this year.

EXTOL: Does anything still surprise you?

YORK: I’m still shocked that people enter into large transactions – selling a house, selling land, selling large investments – without first consulting their tax preparer about all the tax consequences. After the fact, there’s not always much we can do to mitigate the tax effects.

EXTOL: Any particular examples?

YORK: Social Security recipients are often shocked when a large transaction puts them over an income level and suddenly makes 85 percent of their Social Security income taxable. We get a lot of timber sales in Southern Indiana, where someone will have a logger come in and cut down standing timber on their property. Then they sell it and – oops – it raises their taxable income.

EXTOL: “Oops” sounds bad.

YORK: Nobody likes “oops,” especially when it comes to taxes.

About Nicole York

Nicole York is a CPA and a senior manager of the firm Rodefer Moss & Co. She works out of the Corydon office. “If you haven’t seen a tax preparer yet, there’s still time,” she said. “If you’re seeing a new preparer, you should pull together at least one prior year tax return (two is better), and write down a list of questions you have. If you’re a small-business owner, summarize all of your income and expenses for the year. Having these items handy before we meet will expedite the preparation process.”

For more information on Rodefer Moss, go to roderfermoss.com/indiana.html


301 E. Elm St., New Albany | 812.945.5236 119

E. Beaver St., Corydon | 812.738.3777

1074 Copperfield Dr., Georgetown | 812.951.2708

Service Above Self

By Stacy Thomas | Photos by Danny Alexander

Every day, the Rotary Club of New Albany puts its mission into motion

According to Webster’s Dictionary, the definition of the word “rotary”’ is: of motion; revolving around a center or axis; rotational. In the case of the Rotary Club of New Albany, the organization is a group of members in constant motion with a mission revolving around serving their community.

“Rotary Club is an international service organization with 1.2 million members. There are multiple clubs in Southern Indiana, including Clarksville, Corydon, Jeffersonville and Salem. Here in New Albany, our club just celebrated our 100th year of serving our community,” said Chad Dimmitt, president of the New Albany Rotary Club who has been a Rotarian for six years.

“I was originally invited to a Rotary meeting by my friend Bryant Hanson, a fellow Rotarian,” said Dimmitt. “It didn’t take long to want to become involved in our many community service projects and programs. When you work alongside so many service-oriented individuals, like I get to do through Rotary, you are quickly inspired to serve as well.”

The New Albany Rotary Club is involved in numerous current and past service projects, which include preparing meals for families staying at the Ronald McDonald House; The Angel Tree Program, where funds are raised to shop for children during the holidays; Rotary Readers who spend time each month reading to students in area schools; and the annual Scholars Banquet honoring top graduating seniors in Floyd County.

In addition, the Rotary Club of New Albany also partners with other Southern Indiana organizations, including Hope Southern Indiana, New Albany/Floyd County Habitat for Humanity and Exit 0, the Jeffersonville-based homeless outreach.

The Rotary Club also gives grants and raises money for donations to benefit community organizations like the Louisville Youth Group, Floyd County Veterans Court and Open Door Youth Services. The Club also was involved in raising funds to benefit the hurricane relief effort in Haiti and the rehabilitation of a school in Jamaica.

“Our overall goal as Rotarians is to continue pursuing projects and programs that make our community, dudeour country, and the world a better place to live,” said Dimmitt. “Locally, our club just partnered with the City of New Albany to install a public drinking fountain in Bicentennial Park.”

And, the club’s annual Community Toast and Benefit Banquet recognizes a community member for best exemplifying the Rotary Club motto of “service above self.”

“Each year the event proceeds are split between our club for local grant programs and a charitable beneficiary of the honoree’s choosing,” Dimmitt said. “Over the past 23 years, more than half a million dollars have been raised to benefit local community causes through this annual banquet.”

The Club houses members of all ages and occupations – some have been Rotarians for over 50 years, some are brand new – but all members share the same goal – working together to improve the world in a variety of ways that are important to each individual.

“We are a great mix of business professionals, community leaders, and educators who come together to serve more effectively than we could individually,” Dimmitt said. “I think the most common misconception about a Rotary Club is that our purpose is for business networking. The truth is, being a Rotarian connects you to a world-wide network of partners with the common goal of serving humanity. I was blessed to attend this year’s Rotary International Conference in Seoul, South Korea.”

There, Dimmitt was inspired by meeting other Rotarians from around the globe who are actively promoting peace, fighting disease, such as polio, providing access to clean water, supporting education and helping to grow local economies.

“Rotarians here in New Albany and Southern Indiana have the opportunity to make a direct impact in their local communities, as well as have a hand in improving lives all over the world,” said Dimmit. “I invite anyone who is interested to come join us. The best way to learn about us is to visit us for our  weekly meetings, or join us for one of our many community service projects.”

Rotary Club of New Albany www.rcna.us | Meetings Thursdays at noon at The Calumet Club, 1614 E. Spring Street in New Albany | For more information, contact Chad Dimmit at 502.396.3384 or cdimmitt@centra.org

Other Southern Indiana Rotary Clubs

Rotary Club of Jeffersonville: Meetings Tuesdays at noon, Clarion Hotel, 505 Marriott Drive in Clarksville

Rotary Club of Clarksville: Meetings first and third Wednesdays of the month, Clarion Hotel, 505 Marriott Drive in Clarksville

Rotary Club of Corydon: Meetings Tuesdays at noon, Kindred Transitional, 150 Beechmont Drive in Corydon

Rotary Club of Salem: Meetings Mondays at noon, The Steven’s Museum, 307 E. Market St. in Salem