In update no.6 we highlighted that Rugby has cost Briars $150,000 over the last 10 years and it is rare for us to experience a positive year of even modest proportions.
For 2017 we are heading for a solid financial result. The Rugby Restoration Board set the objective of Rugby to be profitable in excess of the Club grant of $20,000 or, in other words, break even or a profit without counting the Club grant. Thus we are targeting for a profit of $20,000 - $30,000.
We will achieve this result.
• Players registrations forecast income of $19,000 has to cover ARU NSW SRU fees of
$10,385 plus jerseys $9,149 for total $19,534 for loss of $534.
• Sponsorship forecast to come of $20,000 covers coaching costs of $10,000 plus
physiotherapy of $5,295 for total $15,295 or surplus of $4,705.
• Rothwell forecast canteen surplus of $6,397 almost covers Rothwell & Greenlees training
ground costs of $6,614.
• The Rugby Lunch profit of $10,000 together with raffle forecast profits of almost $10,000
are our major profit contributors.
The 2018 profit target above club grant of $20,000 is $20,000. That is an overall profit of $40,000.
Remember the Club guaranteed grant of $20,000 cuts out at the end of 2019.