Well the New Year is upon us and I am sure we are all looking forward to a great year of racing in 08.
In reflecting back over the previous year I happened upon the recently posted minutes from the last BOD meeting in Omaha along with the Attachment A Financial Report for Oct1 – Nov 28 2007. Mighty fine readin if you ask me. It brings some questions to mind that I have been unable to put answers to (yes and maybe I should be putting these questions to the bod but thought I would share them with the flyball public to see their feelings on it). For those that would like to follow along please see Attachment A - Profit & Loss for the November 30, 2007 Board Meeting in Omaha, NE.
In looking at the figures for Cynosports for 07 we see that they recorded expenditures of $17,619.19 (not counting the $1040.00 listed in the meeting minutes as not being included for a total of $18,659.19) and income of $9400.00. This would give us a loss of -$9259.19.
In looking back at the 06 Cynosports (sorry you will have to go back to previous minutes to see this) we see that they recorded expenditures of $11,906.29 and income of $5442.66. This would give us a loss of -$6463.63. Total loss between both years is -$15,722.82. Wow this is a lot of money spent in these two years.
To put this into better perspective that would add up to 786.141 team fees ($20) to NAFA® for tournaments. I can understand where this is considered a good marketing audience but to what audience or who and how are they able to track benefits of this event? It was stated in the minutes that the goal of Cynosports is not to make money. But, as an owner of a club that sends a substantial amount of tournament fees to NAFA both from our club entering tournaments to us hosting tournament, what is the benefit of Cynosports to me/us in the flyball community? I could see a better benefit for all of us would be for our money to go to the purchase of more lights and maintenance of existing ones. How many years can we continue to hold this event at such a loss? Do any of the clubs that are hosting tournaments at this time continue to hold them at a loss year after year? I know that we wouldn’t if we were going in the hole each year. Maybe there are better ways of marketing flyball that should be looked into.
Well I have stated my quarters worth. You can either agree with me or disagree. I have only stated the facts of what is being published. I look forward to hearing other people opinions on this. Maybe there is another side that I am not seeing.
Happy racing in 08.
Judy
2 comments ↓
Judy, I think your comments are valid. I think you should go ahead and write the BOD about your concerns. I know of at least one member who is looking for comments and questions before he attends the next meeting. I’ll bring that one to him also.
Beth
OK, I’m no math wizard and P/L statements are certainly not my strong point but have a question as to why the per diem costs (meals/hotel/lodging) were over $6K? The other expenses seem like viable ones - advertising, site fees (wish we could find a site for that price in my Region!), awards (though I think they could tone the awards down a little bit - but that’s my own opinion) but I can’t pull myself away from the per diem costs. Who exactly did NAFA put up and where to rack up those kinds of costs? I think people are entitled to know… Beth, maybe something else to forwarrd to your contact on the BOD?
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