Small surplus sees Meath finances back on track
MEATH GAA has turned its finances around quite dramatically in just 12 months with a swing of almost €200,000 putting the County Board back into profit again.
A perilous situation loomed last December when the annual convention heard how an annual deficit of €180,801 had been run up.
Meath had enjoyed a healthy surplus in each of the four previous years, but the alarming dip on the back of falling gate receipts and a spike in the upkeep and maintenance of grounds prompted the Board's auditor Oliver Cassells to warn of a "serious wake-up call."
That call has been taken on board as the deficit has turned into a €16,676 profit.
New treasurer Brendan Dempsey will report to convention on Monday night next that income of €1,215,517 outstrips expenditure of €1,198,841.
The biggest improvement has come in the gate receipts taken.
For many of the club championship games in 2013 just €5 entrance was charged and this policy clearly worked with a jump from €246,872 in 2012 to €381,240 in 2013. Gate receipts had dropped €90,000 in 2012.
There was also an improvement in commercial income, with some €267,147 taken in. Sponsorship of the county teams rose from €110,000 to €137,500.
The running of county teams also took a significant dip on the balance sheet, down €54,183 from €484,614 in 2012 to €430,431.
The other significant saving was in upkeep and maintenance of grounds, primarily Pairc Tailteann and the centre of excellence at Dunganny, which was scaled down from €324,323 in 2012 to €230,930 in 2013.
Meath failed to appoint a treasurer at last year's convention with Dempsey only assuming the role at the adjourned convention in January.