Small surplus sees Meath finances back on track

27 November 2013 01:03

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Small surplus sees Meath finances back on track

A perilous situation loomed last December when the annual convention heard how an annual deficit of €180,801 had been run up.

Meath had enjoyed a healthy surplus in each of the four previous years, but the alarming dip on the back of falling gate receipts and a spike in the upkeep and maintenance of grounds prompted the Board's auditor Oliver Cassells to warn of a "serious wake-up call."

That call has been taken on board as the deficit has turned into a €16,676 profit.

New treasurer Brendan Dempsey will report to convention on Monday night next that income of €1,215,517 outstrips expenditure of €1,198,841.

For many of the club championship games in 2013 just €5 entrance was charged and this policy clearly worked with a jump from €246,872 in 2012 to €381,240 in 2013. Gate receipts had dropped €90,000 in 2012.

There was also an improvement in commercial income, with some €267,147 taken in. Sponsorship of the county teams rose from €110,000 to €137,500.

The running of county teams also took a significant dip on the balance sheet, down €54,183 from €484,614 in 2012 to €430,431.

The other significant saving was in upkeep and maintenance of grounds, primarily Pairc Tailteann and the centre of excellence at Dunganny, which was scaled down from €324,323 in 2012 to €230,930 in 2013.

Meath failed to appoint a treasurer at last year's convention with Dempsey only assuming the role at the adjourned convention in January.

Source: independent.ie

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