The event will take place Saturday at the fairgrounds.
Car check-in begins at 2 p.m. and the derby will begin at 7 p.m.
First place will win $1,250 while second place will be awarded $750. Third place in the event will receive $250.
All drivers in the feature will receive their entry fee back.
All prize money is based on 40 full-size cars. If 50-plus show up, the council will add another $500 to the pot.
Saturday's derby will feature compacts and trucks this year for the first time.
There must be a minimum of four cars/trucks for a heat.
Payout will be determined on the number of compacts/trucks that show up to compete.
Admission for school children and up is $7. Pit passes will be available for those 16-older for $17 and children preschool and younger will be admitted free.
Concessions will be available.
All proceeds from the event will be used to support Clay County 4-H.
For more information, call Jim Stevenson at 1-765-672-4641.