Tuesday 19 September 2017

US fundraising drive boosts Kerry's coffers

Kerry GAA is back in the black again thanks chiefly to a hugely successful US fundraising campaign that took in over €150,000 earlier this year.

A profit of €284,000 is showing on the balance sheet as a massive €441,000 swing was recorded following on from the €157,000 deficit in 2012.

But treasurer John Joe O'Carroll did caution that when the US fundraising venture and the sale of five-year tickets, which amassed €165,000, was stripped out, the board had an operating loss of €6,000.

"During 2013, the finance committee closely managed the day-to-day operational expenses. It's imperative tight expenditure controls and adherence to budget limits are preserved," said O'Carroll in his financial report to next Monday night's convention.

An improvement of €31,000 in gate receipts has also been noted but this was due directly to replays in the senior hurling championship. O'Carroll believes that emigration and economic pressures have led to a decrease of €100,000 in recent years at the turnstiles.

Kerry managed to control their team-preparation expenses, which were down €11,000 to €755,000 for 2013. But venues were a key factor in that. Physiotherapy and medical bills, at €150,000, remain as high as 2012.

Irish Independent

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