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Triathlon News / Re: Tri Club Meetings 2024/25
« on: April 16, 2025, 04:09:27 PM »
Appendix F
Treasurers Report
Things were a little challenging to begin with. Having little experience with the club and none with Triathlon NSW it was all a bit of a learning curve. Initially getting a picture of where the club was sitting financially and in relation to compliance took a bit of effort.
We are now up to date with our details with Department of Fair Trading, The Australian Tax Office and the Australian Business Register, each of which were very outdated. Returns for the Department of Fair Trading have been lodged for all outstanding years.
Thankfully the club was in a very strong financial position with the opening balance 1/7/2024 of $21,496.52. Our closing position year to date is $19,923.91. When considering this balance, it is important to consider the following
$2000 sponsorship outstanding, Mark Windsor to confirm if this will be forthcoming
I believe we still have 1 invoice yet to receive from Work Control and at least one
from Belgravia.
The club is extremely grateful for the sponsorship support it has received from D2F/Cityfit, Bathurst Physiotherapy and Capital Chemist. We are also fortunate to have received $1500 in support from NSW Triathlon for running the Women’s Finish Lines not Finish Times round.
Looking forward to 2025/26 I believe it is important that we focus on setting entry fees that cover the costs of holding events. Sponsorship money is becoming increasingly difficult to obtain and the costs of running triathlon events especially road control and pool entry continues to increase.
I am also extremely concerned about the NSW Triathlon push to limit ODL’s to two per person annually. In my opinion this disadvantages clubs as opposed to the big event promotors like Elite and Ironman to whom these restrictions do not apply and who have no interest in encouraging people to take up membership. Bathurst is also in a unique position for our interclub events where we incur significant costs to run our events where it is my understanding the other clubs in our region do not. I feel it is time to investigate if we can make some effort to recover costs from participants in the Interclub event we host.
The increased participation numbers in 24/25 provide the most optimism going forward, If we can continue that trend and convert some of those participants to members our financial position as a club should be reasonable.
Gary Hamer
Treasurers Report
Things were a little challenging to begin with. Having little experience with the club and none with Triathlon NSW it was all a bit of a learning curve. Initially getting a picture of where the club was sitting financially and in relation to compliance took a bit of effort.
We are now up to date with our details with Department of Fair Trading, The Australian Tax Office and the Australian Business Register, each of which were very outdated. Returns for the Department of Fair Trading have been lodged for all outstanding years.
Thankfully the club was in a very strong financial position with the opening balance 1/7/2024 of $21,496.52. Our closing position year to date is $19,923.91. When considering this balance, it is important to consider the following
$2000 sponsorship outstanding, Mark Windsor to confirm if this will be forthcoming
I believe we still have 1 invoice yet to receive from Work Control and at least one
from Belgravia.
The club is extremely grateful for the sponsorship support it has received from D2F/Cityfit, Bathurst Physiotherapy and Capital Chemist. We are also fortunate to have received $1500 in support from NSW Triathlon for running the Women’s Finish Lines not Finish Times round.
Looking forward to 2025/26 I believe it is important that we focus on setting entry fees that cover the costs of holding events. Sponsorship money is becoming increasingly difficult to obtain and the costs of running triathlon events especially road control and pool entry continues to increase.
I am also extremely concerned about the NSW Triathlon push to limit ODL’s to two per person annually. In my opinion this disadvantages clubs as opposed to the big event promotors like Elite and Ironman to whom these restrictions do not apply and who have no interest in encouraging people to take up membership. Bathurst is also in a unique position for our interclub events where we incur significant costs to run our events where it is my understanding the other clubs in our region do not. I feel it is time to investigate if we can make some effort to recover costs from participants in the Interclub event we host.
The increased participation numbers in 24/25 provide the most optimism going forward, If we can continue that trend and convert some of those participants to members our financial position as a club should be reasonable.
Gary Hamer