Otago Cricket surplus surpasses initial expectations

Mike Coggan.
Mike Coggan.
The Otago Cricket Association (OCA) edged ahead of predictions and reported a slightly larger surplus than expected at its general meeting last night.

No-one will be moving into the penthouse, but the OCA returned a profit of $14,669 for the financial period ending July 31.

That is up from the modest surplus of $8281 it recorded in the previous financial period.

OCA chief executive Mike Coggan said the association had budgeted for a smaller surplus of about $4000.

''At the end of the day we have to be pretty pleased we made a small surplus,'' he said.

''But we have been able to invest, particularly in our women's programme which is good.''

New Zealand Cricket funds the high performance programmes, which eases the pressure on the six major associations.

However, the associations still have to fund and support the community programmes, and the funding environment remains challenging.

The OCA's net revenue grew from $3,495,147 to $3,778,529. But total expenses rose as well, increasing from $3,486,866 to $3,763,860.

Its equity has risen from $356,941 to $371,610.

Basically the association is treading water, although it will not run out of new cricket balls for a while. It has almost $20,000 worth in stock.

''We budgeted to use so many for all of our fixtures right down to the under-15 girls. But some of those fixtures did not happen, so we are left with a large amount.

''Normally, we would not have more than two or three dozen left in total.''

Chairman James Lovelock and board members Mark Knox and Jason Cushen have stepped down from the board after long stints.

Lovelock and Cushen have been on the board since 2007 and Knox served for 11 years.

Former Otago and New Zealand cricketer Rachel Pullar, University of Otago senior communications adviser Liane Topham-Kindley and North East Valley Cricket Club stalwart Nathan Pitcher will replace the trio on the board, while former Otago gloveman and real estate agent Shane Robinson was elected as chairman.

The inclusion of Pullar and Topham-Kindley means the OCA will have four females on its board.

 

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