Profit and Loss Season

[Rucciangelo]

I'd really like to say more...in fact I will!
Do any of you blokes who are criticising here the Double Blue annual report have any idea how much effort and work goes into these things? Sure we could delay things and drag it out until late January, but I take my hat off to the guys in charge to have achieved making the thing available in December. Looks like only one other club has done as well to have it ready now.
No hiding rubbish here fella!

[Rushby Hinds]

I'd really like to say more...in fact I will!
Do any of you blokes who are criticising here the Double Blue annual report have any idea how much effort and work goes into these things? Sure we could delay things and drag it out until late January, but I take my hat off to the guys in charge to have achieved making the thing available in December. Looks like only one other club has done as well to have it ready now.
No hiding rubbish here fella!

Yes I do. And i think that your point works against you.


There is indeed a hell of a lot of work that goes into producing the annual statements.

So to suggest that the members should vote to accept the reports as accurate without getting a chance to read them is treating your members with contempt. I would suggest only a small percentage of members have the know how and the inclination to go through these reports, but they are being denied this opportunity.


There are a vew avid "report readers" at every Bays AGM, and they always stand up and ask half a dozen questions in regards to changes to expenditure levels, increases in costs in particular areas, etc etc. Generally one of the board members is then able to answer the question to the satisfaction of all involved.

And i'm not suggesting that Sturt (or any other club) are actually doing the wrong thing financially at all.

[Jimmy]

I'd really like to say more...in fact I will!
Do any of you blokes who are criticising here the Double Blue annual report have any idea how much effort and work goes into these things? Sure we could delay things and drag it out until late January, but I take my hat off to the guys in charge to have achieved making the thing available in December. Looks like only one other club has done as well to have it ready now.
No hiding rubbish here fella!

Yes I do. And i think that your point works against you.


There is indeed a hell of a lot of work that goes into producing the annual statements.

So to suggest that the members should vote to accept the reports as accurate without getting a chance to read them is treating your members with contempt. I would suggest only a small percentage of members have the know how and the inclination to go through these reports, but they are being denied this opportunity.


There are a vew avid "report readers" at every Bays AGM, and they always stand up and ask half a dozen questions in regards to changes to expenditure levels, increases in costs in particular areas, etc etc. Generally one of the board members is then able to answer the question to the satisfaction of all involved.

And i'm not suggesting that Sturt (or any other club) are actually doing the wrong thing financially at all.

the agm's i have attended have all involved Q&A time. i dont know what you are trying to get at? the board allows questions to be asked of their performance as shown in the agm

[Wedgie]

the agm's i have attended have all involved Q&A time. i dont know what you are trying to get at? the board allows questions to be asked of their performance as shown in the agm

He's getting at the point that most intelligent questions are those risen by having a bit of time to fully take in the whole statement.
Usually the on the spot ones would be as they're only glancing at it to clear something up, with a bit more time to digest and study they may not have needed to.

I agree with Rushby on this and I can tell you for fact that there's no way North's members would accept it and there's no way most businesses shareholders would accept it. I could be wrong but I think its actually written into a lot of clubs constitution that members be given a set amount of time to view financial statements before an AGM its regarded as that important.

However, Rushby loves to stir the pot and tends to only find faults in clubs other than Glenelg so Id say he's pushing it a bit harder than required as if Sturt supporters are happy with the arrangement then noone else should care. Just part of his occasional topic that's really trying to say "I cant find many positives at my club so I'll find negatives at others". I'm just happy it isn't North for a change, but we're used to it! Just take it as a compliment Jimmy, we do.

[Rushby Hinds]

I can't argue with anything Wedgie has said there!


This could all bite me on the bum yet, the Bays AGM is about 3 weeks ago and no sign of the annual reports being published yet.

BUT I would suggest that if the reports were delayed, so too would be the AGM.

Sorry for being anal about this, but in my world financial stability and strong corporate governance is possibly more important then the on field stuff.

[Psyber]

I can't argue with anything Wedgie has said there!


This could all bite me on the bum yet, the Bays AGM is about 3 weeks ago and no sign of the annual reports being published yet.

BUT I would suggest that if the reports were delayed, so too would be the AGM.

Sorry for being anal about this, but in my world financial stability and strong corporate governance is possibly more important then the on field stuff.

And a fair thing too. Once as Treasurer of a statewide organisation in SA I was not supplied essential information by a subsiduary, and was not supported by the rest of the board in trying to extract the figures, so I pointed that out in the Treasurer's report to the AGM and supported a friend's motion that the report be not accepted until the full figures were supplied at another general meeting. That stirred up those who wanted to gloss over it.

[CUTTERMAN]

Rushby, you sound like a hyper active auditor.
You want people to believe you are truly appalled about how a club distributes their financials and so start up a thread about it?
righto, sounds feasible...or just having a little dig at Sturt over a non issue?

Rushby I was aksing if your last question towards Jimmy was serious, I was wondering if you detected the sarcasm in his comments, I'm sure you were serious in whatever you're trying to do.

[Rushby Hinds]

Quick poll...

Are the Sturt people who "don't care" about this issue going to the AGM?

No skin off my nose if you are the sort of person who believes and accepts everything you are told in blind faith.

I'm staggered that no Sturt people have posted that they degree with my concerns.

As i've said 5 times, i'm not suggesting the figures are wrong for one second, but I am very concerned about the process.

[Blue Boy]

Quick poll...

Are the Sturt people who "don't care" about this issue going to the AGM?

Quick result !!!

The AGM has been and gone !!!

[Rushby Hinds]

Quick poll...

Are the Sturt people who "don't care" about this issue going to the AGM?

Quick result !!!

The AGM has been and gone !!!

Aah!

How was the result?

And any queries re the information download process....

[smithy]

Sorry for being anal about this, but in my world financial stability and strong corporate governance is possibly more important then the on field stuff.

We could also debate about whether an * is appropriate in that sentence as well..

[topsywaldron]

Given Sturt's recent chequered financial past, I would have thought adhering to the highest standards of financial probity would have been the way to go. Apparently not.

Don't come crying to us when some problem, like an unpaid tax bill just for instance, gets buried in a report that is only available on the night of the AGM to the select few who can go or those that specifically request a copy to be posted to them.

Surely not all Strut fans are gullible or apathetic? There'd be a riot, or a strongly worded post on the forum at least, at Norwood if they ever tried to pull this kind of stunt.

[Jimmy]

oh hell, ill finally give rushby his pat on the bum* and say i agree with him...hell, its plainly obvious you need time to go over those reports, they are as boring as batsh*t to read, well for non accountants anyway. luckily the ppl who DO attend the agm, well most, have a keen eye and can get to the point of the night, asking tough questions, but yes, time would help in reading them. DER!!!

but, im just drafting a letter now

"Dear Evil Honcho...blah blah blah...

seriously folks....

anyway, im off to my footy clubs agm (after work on a saturday ) and hell as the director of recruiting, ill have some tough ?'s for myself about how we can better recruit yanks to our great game. i say sack the b'stard!!!

cheerio

[Rucciangelo]

Rushby, I hope that Gazza and the boys and girls sincerely produce YOUR gear exactly how and when YOU want it, or I fear for their careers as football administrators!

[am Bays]

Rushby, I hope that Gazza and the boys and girls sincerely produce YOUR gear exactly how and when YOU want it, or I fear for their careers as football administrators!

Rucciangelo I can assure you Rushby has asked the hard questions in the past to the board and has made his feelings kn own about any "totally inappropriate" (TM) issues he sees in the Glenelg financial reports quite clearly known on SL.org, a hypocrit he is not.

Rusby is not posting just for the sake of stirring he is asking a pertinent question and he is fully away that this issue is not limited to one club (yours).

[Rucciangelo]

Thanks for clearing that up Tassie. I go in peace with the knowledge that there are still good people in the world who choose to wear Black and Gold.

[cd]

WWTFC annual report will be out to members by first week in January at latest giving members one month before the AGM to check all reports and financial statements.

[topsywaldron]

WWTFC annual report will be out to members by first week in January at latest giving members one month before the AGM to check all reports and financial statements.

Hopefully Mr. Totham reads this.

[Squawk]

This could all bite me on the bum yet, the Bays AGM is about 3 weeks ago and no sign of the annual reports being published yet.

ROFLMAO

a freudian typo I presume! Classical.

Norwood's annual report will be out by the end of the week. AGM on Feb 7 2008 I believe.

[topsywaldron]

Norwood's annual report will be out by the end of the week. AGM on Feb 7 2008 I believe.

Typical of our board to only give us seven weeks to look at the figures. An outrage etc etc

Apparently it'll show a staggering result.