Profit and Loss Season

[smac]

Approximately a $23k loss, topsy.

Granty was extremely apologetic in his report, putting the result at his own feet as a result of increased football expenditure.

I'm not happy, personally, as the junior development program received less attention and funding than at any stage of the past 11 years (my time at the club involved with junior development). This means the increased expenditure was all in the seniors - risky focus to have I think.

I understand that the accountants play tricks to reduce income and profit for good reasons and the club has taken control of 2 new gaming venues this year but the result was surprising to me.

[whufc]

Approximately a $23k loss, topsy.

Granty was extremely apologetic in his report, putting the result at his own feet as a result of increased football expenditure.

I'm not happy, personally, as the junior development program received less attention and funding than at any stage of the past 11 years (my time at the club involved with junior development). This means the increased expenditure was all in the seniors - risky focus to have I think.

I understand that the accountants play tricks to reduce income and profit for good reasons and the club has taken control of 2 new gaming venues this year but the result was surprising to me.

Very interesting that, wouldn't think that to many clubs have had a loss in a premiership year BUT the re-developments of the clubrooms (as reported in the local messenger) are under way, would this in fact have any influence over this financial years results.

[smac]

Last I heard they didn't have council approval, certainly not an impact on the last financial results.

There was some minor works done inside the existing changeroom (rebound ace flooring in the warm up area).

I'm not fussed so much on the result, just the explanation - A $23k loss is a blip on the radar, A reduction in junior spending is concerning.

[whufc]

Last I heard they didn't have council approval, certainly not an impact on the last financial results.

There was some minor works done inside the existing changeroom (rebound ace flooring in the warm up area).

I'm not fussed so much on the result, just the explanation - A $23k loss is a blip on the radar, A reduction in junior spending is concerning.

Yeah totally agree with you, according to the Messenger this week, it said we were about to start the redevelopment inside the club rooms with the hope that it will be completely finished before the new season. Apparently Kris Grant and Tom Zorich want the club upgraded every 7 years.

It went onto say that we are still negoitating with the council and the governement to buy the exsisting land at the back of the clubroom where we are looking to set up a sporting hub in Elizabeth.

[smac]

On a positive, the plans for the new changerooms, lap pool and coaches box are awesome.

A few corporate boxes as well - I am trying to convince the builder to add an extra for himself and his sons to enjoy...

[whufc]

I think the club should set up the big plastic shelter with the white, little picket fence around it at all home games, they use it for the past players and officials days and then they placed it at the south eastern pocket one day for an electrical company who hired it out and had a bbq there, it created a great atomsphere and could be used for the corporates or just general public to hire out for one match day a year.

[Mr Irate]

Nothing will ever beat the "Brendan Maguire is Playing Quite Well" corporate box of 1995 !

[doggies4eva]

Last I heard they didn't have council approval, certainly not an impact on the last financial results.

There was some minor works done inside the existing changeroom (rebound ace flooring in the warm up area).

I'm not fussed so much on the result, just the explanation - A $23k loss is a blip on the radar, A reduction in junior spending is concerning.

Just to put this into context - The Football Club lost $23K and the Footballers club made a profit of $150K. I think overall the dogs are still in good shape financially.

[topsywaldron]

A reduction in junior spending is concerning.

Apparently the SANFL have dramatically reduced the funding for zone development next year as well.

[Hondo]

I heard Grant say during the season that they would 'leave no stone un-turned' to be premiers again. Has keeping the run going become his sole priority?

Maybe unfair I'd have to look at the numbers

[bulldogproud]

Well, I think every club would be making their priority the winning of the flag so there is nothing too unusual with Kris's comment. However, yes, I hope it is not at the expense of junior development even if a lot of the benefit of junior development eventually goes to AwFuL clubs.
Cheers

[Hondo]

I agree BDP Kris' comment is fine ... its only looking back on it now after reading SMAC's comments which raises a query along the same lines as yours

There would be huge pressure on him to keep the premiership run going so long as he keeps the long term goals balanced with the next season's

[Aerie]

Last I heard they didn't have council approval, certainly not an impact on the last financial results.

There was some minor works done inside the existing changeroom (rebound ace flooring in the warm up area).

I'm not fussed so much on the result, just the explanation - A $23k loss is a blip on the radar, A reduction in junior spending is concerning.

Just to put this into context - The Football Club lost $23K and the Footballers club made a profit of $150K. I think overall the dogs are still in good shape financially.

If that's the case then a ~$130K overall profit is very healthy. After all, that's what these pokie venues are for.

[CUTTERMAN]

I have no complaints at all with clubs delaying publishing the statements so they have plenty of time to get them correct.

But giving the members NO chance to look @ them before the AGM (if true) is truly appalling.

Jimmy, were you being serious when you said you weren't happy?

Rushby, you surely can't be serious with this last question or are you just reading into things what you want to see. Give me a break.

[Jimmy]

c'man, ignore the trolls, er borat, er rushby

[smac]

Last I heard they didn't have council approval, certainly not an impact on the last financial results.

There was some minor works done inside the existing changeroom (rebound ace flooring in the warm up area).

I'm not fussed so much on the result, just the explanation - A $23k loss is a blip on the radar, A reduction in junior spending is concerning.

Just to put this into context - The Football Club lost $23K and the Footballers club made a profit of $150K. I think overall the dogs are still in good shape financially.

If that's the case then a ~$130K overall profit is very healthy. After all, that's what these pokie venues are for.

No doubt, but the football department should be cost neutral to the footballers club, not a further drain. Just sloppy work IMO. But still concerned about junior spending.

[smac]

A reduction in junior spending is concerning.

Apparently the SANFL have dramatically reduced the funding for zone development next year as well.

I have heard that as a rumour but not as a fact - be really disappointing if it is fact.

[Rushby Hinds]

I have no complaints at all with clubs delaying publishing the statements so they have plenty of time to get them correct.

But giving the members NO chance to look @ them before the AGM (if true) is truly appalling.

Jimmy, were you being serious when you said you weren't happy?

Rushby, you surely can't be serious with this last question or are you just reading into things what you want to see. Give me a break.

I am 100% serious.

I am all for open and honest accountability .


Seriously, at every Bays AGM there are a few people asking pertinent questions re different parts of the financials, after going through them with a fine toothed comb.

3 years ago the statements were wrong (was a typo) when they were posted to the members.

What if 3 days after the AGM an eagle eyed member spots a glaring error, or even something that has increased/decreased dramatically since the year before?


Footy clubs turn over tens of millions of dollars.

Too important to treat everything on face value.

(Esp. a club that stuffed up their tax so dramatically 2 years ago......................)

[Ronnie]

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?

[smac]

I disagree Ronnie, whilst the club in question is Sturt (and that probably does titillate Rushby to an extent) the issue is a real one and should be questioned.

If I were a Sturt supporter, I'd be seriously asking questions of the club - the last time this happened it appeared to be a thinly veiled attempt at hiding poor management.