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Originally Posted by REPTYL
Total Sponsorship Money $7,700.00
Total Competition Fees $5,090.00
Total Meal Fees $1,410.00
T Shirt Sales $160.00
TOTAL FEES $14,360.00
Roaring 40 $-2000
Last year 14360 in 16100 out. Then we lost R40 $2000
When I started this event back in 2005. It was always intended to be a non profit event that kept pricing to a minimum for competitors. (job done).
Last year we spent a little more with the introduction of entertainment on the Saturday night. If r40s money came through we'd be very close to break even after 2006.
We have already budgeted for 2007 and with several changes we have made; the event will make a minimum of $3900.
So at the end of this year’s event we'll have:
A level bottom line.
Kept price for competitors down.
Our sponsors from last year are back again and very happy to contribute to a great event.
I don't want to air the club finances to much online, but please remember, we are a non-profit incorporation. If you look at the figures from 10 years ago till now you'll find the club has always been on top of its finances.
If you're passionate about helping the club, become a paid up member!
once you are a member-
As duel organisers of the event Tony and I would welcome you aboard if you wish to help with the event. After you had sent your second email explaining why you wanted the clubs financial data, Tony and I had a chat and as I said welcomed the idea.
We have all the venues booked, most of the sponsorship sorted, 2 Meals done.
We still have trophies to sort, Friday night food, T-shirts to design and the event newsletter to put together (that’s a biggie).
We do welcome your input on this and appritiate your offer to help with the Shelby Fest. We'll have a chat at the next meeting.
Not sure what's happening at the next AGM but maybe we could pencil you in for a financial role. I'll be putting my hand up again to officially re-join the committee.
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Firstly, your figures. Where did you get them from?
All the figures I quoted were from the
audited financial statements of CCCV for the year ended 30 June 06.
Let's do some varience analysis....
........................Audited Figures........Jason M Figures.....Varience
(Deposits, Fees)...($12,868)..............($12,360).......... ..($508) decrease
Payments.............$16,958................$16,10 0...............$858 decrease
Profit (Loss)..........($4,090)...............($3,740)... ...........$350 decrease of loss
So somehow an additional $508 of income appeared in the financial statements while there was $858 of additional payments.
Which set of figures are the correct ones? Are you saying that the audited financial reports need to be re-audited?
Even when you add back the lost income from Roaring 40s your loss decreases from ($3,740) to ($1,740), hardly coming close to breaking even IMO.
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Originally Posted by REPTYL
When I started this event back in 2005. It was always intended to be a non profit event that kept pricing to a minimum for competitors. (job done).
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Yes you have but it shouldn't be at the expense of non competing CCCV members. Not every CCCV member wants to risk damaging their pride and joy on a track. Perhaps they can't be bothered or simply don't want to. Either way, I don't think the club should be propping up an event that's not yet commercially viable in it's current format. The Nats started out in West Wylong at an air strip as you would know and has grown into what it has become. I think the event needs to learn how to walk before it runs. If the event continues to be subsidised by the whole club for the benefit of a minority within the club, then division will follow.
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Originally Posted by REPTYL
Last year we spent a little more with the introduction of entertainment on the Saturday night.
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Payments have increased by over $4,000 from 2005 to 2006. Are you saying that the majority of this amount was due to entertainment on the Saturday night?
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Originally Posted by REPTYL
We have already budgeted for 2007 and with several changes we have made; the event will make a minimum of $3900.
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Really?
How many competitors do you need to make $3,900? How many do you need just to break even?
I've seen the flyer for this years Fest and it appears that the Fest is offering a very similar format to that of the Nationals. However, the Nats fees are (from memory) about $250 compared to $160 for the 2006 Fest. This year the 2007 Fest is $170. Great value if you're a competitor, perhaps not so good if you're not a competing CCCV member.
Why is it that one post on this forum achieved more than half a dozen emails between the committee and myself? At one stage I was told that I would need to submit a formal request to the committee who would then decide whether or not they would let the organisers of Fest answer my questions at the organisers' discreation. What?
Is it not part of the role of the committee to answer any member's question? But I'm not a paid up member so they feel they don't have too. Is that showing goodwill? Is that being friendly?
Now some people might understand my conundrum.
Why would I pay my membership when I have some genuine concerns about the finances of the club and a committee that seems determined to avoid addressing them?
Now it's come to my attention that a fully paid up member has asked for the same information as I did, a copy of the breakdown for Fest. The committee to date has not given it to him?
What the?
Why not?
It has also come to my attention that a well respected member of CCCV has been issued with a first and final warning from the committee without even asking the said CCCV member to explain their alleged actions. No due process at all.
This issue will be raised at the next meeting.
At the next meeting there will also be an allegation that the committee has discriminated against a member of CCCV on several occasions.
At the next meeting this thread will also be discussed.
The next meeting's agenda is shaping up to rival "The Bold and the Beautiful". Not to be missed.
Getting back to the origins of this Thread......
Some people are so predictable. Typical whisle blower tactics, discredit the blower and put them down so no one else will blow as well. I've watched this thread unfold and I have a very similar concern to Trevor Portelli's.
I spoke with REPTYL with serveral other people at Federation Square held recently. I told him that my wife does feel uncomfortable at club meetings and that the club is turning into a men's club. You responded by saying, "What's wrong with that?" You were not joking. However, eariler in this thread you have been proclaiming how family friendly the club is.
I know of a significant number of people who feel the same, so much so that it prevents them from becoming a member of CCCV.
I would encourage all CCCV members and those considering becomming CCCV members to attend next months meeting. It's your club an you all need to have your say. If these issues aren't resolved then I'm tipping that there will be a split. That must be avoided
Now I've had my 2 cents worth......