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Originally Posted by Bernie Knight
The Fest is a well run event but there does not seem to be the support from the club in either participation as a competitor or in a volunteer capacity.
This could be the starting point of discussion - what events do you want the club to run.
Perhaps our sponsors of the Fest may getter better bang for their buck by attending a couple of displays or runs where they can talk with potential customers in a relaxed atmosphere? This could be in addition to the Fest.
Please no knives or guns..  |
Hmmm, finally a post that's not full of red herrings trying to tear a person down by attacking their credibility.
I went along to the Fest last year. Great event, no doubt about that. Can't wait to get my machine out on a track. Everyone was having a ball and there was plenty of track time for everyone. There were plenty other cobras who just came up for a look. Not everyone wanted to go racing, maybe next year.
There was (I think from memory) a pretty wild Mustang, a couple of GT40's, half a dozen raiders from the north and us Mexicans. All up 35 competitors according to Jason M (Shelby Fest 07 - lets talk classes thread), maybe 25 were Vic Cobra members. 25 Vic members, I guess Bernie is right - not enough support.
This got me thinking about the CCCV financials presented a few months ago. I'm an accountant - that's what I do all day long
So I got my copy and had a look.
The Fest made a loss in 2006 of $4090.
Ok, so it's a young event that will hopefully grow and prosper.
But...
again, according to the audited financial reports presented to the members,
it cost the club $16,958 to put on the event.
Each competitor paid $160 (from memory) to participate
$160 x 35 competitors = $5,600
The financials stated they received $12,868 in deposits so $7,268 must have come from sponsors. That's a lot from sponsors! Are sponsors getting bang for their bucks as Bernie asks?
It was explained during the presentation of the accounts that the main reason why the Fest made a loss of $4,000 was that Roaring Forties (a joint main sponsor) went into liquidation and didn't pay.
Fair enough.
But about 25 CCCV members were subsidised about $163 dollars each to participate!
The other 10 non CCCV were guests - it's not their fault they were subsidised.
Also the club's bank account has fallen from $9,299 at 30/06/05 to $3,936 at 30/06/06. If Shelby Fest makes another significant loss it could put the club in serious financial stress.
To be fair, in 2005 the Fest did make a profit of $948
but the costs were $4,162 less compared to 2006. $12,795 in payments for 2005 compared to $16,958 in 2006.
In summary 25 CCCV members enjoyed a weekend at the track that made the club's bank account fall by almost half it's balance. Or, to put it another way, about 75 CCCV members who didn't participate subsidised the 25 who did.
Finally, for all of you who may ask, "Why didn't you offer to help?" well I did. Unfortunately the president of CCCV was not prepared to answer my questions regarding all this as the committee said, as I wasn't a paid up member, they'll not going to answer them. Well there lies my conundrum.
edited for typo