Embattled Deniliquin Bowling Club has delivered a $210,000 turnaround on its previous financial year.ZOE MCMAUGH June 6, 2014 3:58am
The Deniliquin Bowling Club has posted a $210,000 turnaround on its previous financial year.
Club members were delivered the good news at last week’s annual general meeting, which highlighted a $160,000 profit compared to the previous year’s $50,000 loss.
Club president Ray Anderson said the result was pleasing, but conceded the clubhouse had still lost money.
He admitted the biggest slice of profit came from a one-off sale of poker machines ($120,000), as well as $10,000 from the sale of bore water.
‘‘We still lost $40,000 (operating loss), but it wasn’t anywhere near as big a loss as the year before ($122,000).
‘‘Our saving grace has been from the sale of some assets, as well as volunteer support.
‘‘There is still a long way to go, but we have taken a step in the right direction,’’ the newly returned president said.
‘‘We are in surplus now, but the club did deliver a trading loss.
‘‘The improvement is thanks to a lot of volunteers, and that system will continue for the foreseeable future.
‘‘The escalating cost of running the club is an ongoing concern.’’
Mr Anderson said the club would have to continue cutting costs wherever possible for it to survive, and said more help would also be needed from volunteers.
‘‘The way our members have stepped up and volunteered their valuable time has been fantastic,’’ he said.
‘‘They are running a bit thin though, so we are always needing a bit more help.
‘‘Unfortunately over the next few years there will be some clubs that don’t survive due to economic pressures — don’t let your club be one of them.’’
Russell Douglas was returned to the Deniliquin Bowling Club board and takes on the vice president’s role, while Loris Yates was re-elected as a director.
Ian Hunter stood down as treasurer and was replaced by Keith Plattfuss.
New directors are Tom Todd, Harry Lea and Caryn Hillier, replacing Lousie Begg, Lloyd Ritchie and Stefan Truelsen. All three did not seek re-election.
A $22 million investment into developing the Nagambie region was announced this morning.
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Moira Shire councillors describe the municipality’s finances in a ‘‘fair’’ financial position, despite missing performance targets and a financial sustainability indicator falling into ‘high-risk’.
A truck and trailers estimated at $250,000 were reported as stolen near Deniliquin on Monday.
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