independent

Sunday 20 April 2014

Tipp coffers in 'precarious' state

TIPPERARY GAA officials have been told by independent auditors that their finances are in a "precarious" state.

The stark warning was issued on the same night that county board secretary Tim Floyd revealed that a substantial bill for under-declared VAT has been settled.

A VAT audit of the Tipperary GAA shop at Lar Na Pairce in Thurles concluded that charges totalling €56,713, made up of €40,000 VAT and the rest in penalties, were in order.

Floyd confirmed that these monies have now been paid.

Delegates also voted through a number of proposals from county board chiefs aimed at reducing expenditure and raising income this year.

Audited figures presented to Tuesday night's special board meeting confirmed a deficit of €244,390 for the 2012 financial year.

In the last four years, losses totalling over €650,000 have been recorded in Tipperary, but chairman Sean Nugent and his fellow officers are determined to arrest an alarming slide.

In 2013, Tipp top brass want to make a €400,000 saving by slashing expenditure by €200,000 and by raising an extra €200,000.

Nugent admitted accounting systems have not provided "adequate information" for board officers, but he is confident that the situation will improve and revealed that Tipp have received assistance from GAA HQ in recent times regarding accounting procedures.

Nugent conceded that team administration costs will remain high and it was confirmed that players' travel costs will vary between 20c and 30c per kilometre.

Savings in relation to team gear means no jersey swapping will be permitted.

An attractive Premier Gold plus package has also been announced for supporters, while free match passes will now be subject to a €25 levy, raising an estimated €17,000.

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