Donegal hit by €0.5m shortfall
Published 10/04/2011 | 05:00
Donegal GAA need an extra €500,000 to finance the county's affairs for 2011.
The shocking figures were revealed by county treasurer Seamus O'Donnell at the bi-monthly meeting of the Donegal County Committee last week in Ballybofey.
Based on an expenditure of €1,162,000, O'Donnell is predicting a loss of €480,800 for the year. The reason for the substantial loss is the development of the county's new Centre of Excellence at Convoy. The Donegal county team will train at this new facility and development is well under way.
The treasurer also revealed that the main officers of the county's finance advisory committee were meeting Croke Park officials in the coming weeks to discuss the board's financial situation.
Donegal County Board are also faced with the additional expense of building a new 200-seater stand at the centre. O'Donnell's figures do not take into account the cost of the stand, which is being insisted on by the Croke Park National Infrastructure Committee because of the regional status of the new centre.
This means it will also be open to use by neighbouring counties Derry and Tyrone and is expected to cost around €100,000.
Sunday Indo Sport