Kim Dotcom had the ''Moment of Truth''. Basketball Otago has October 30.

That is the date set down for the organisation's annual meeting and it shapes as a vital day for the future of sport in the region.

The most pressing priority will be appointing a new board, which will be charged with resolving the organisation's deepening financial crisis.

Just how bad the financial position is should become clear next week when accounts for the period ended December 31, 2013 are expected to be made public.

What the books will reveal is uncertain. In June, former deputy chairman Simon Eddy said BBO expected to report ''upwards of a $50,000 loss''.

In August, chairman Ricky Carr said the loss ''will be way less than that [$50,000]''.

Either way, BBO will report a third consecutive deficit and face a daunting challenge to turn its financial position around.

Money is not the only issue. BBO has lost a lot of institutional knowledge due to a series of resignations.

There are just three surviving board members - Carr, Marie Taylor-Cyphers and Todd Marshall - although former board member Simon Clarke has recently been seconded to take the number of board members to four, one fewer than required by BBO's constitution to form a quorum.

Eddy, Chris Timms, Gavin Briggs, Donovan Clarke and Rene Sterk have all left for various reasons.

Three key staff members have also departed. General manager Markham Brown resigned in June, following a review of the organisation's poor financial performance.

Office and events manager Sandy Wallace was made redundant in the same month and has taken BBO to the Employment Relations Authority to recover costs she incurred chasing money she was owed. She is also seeking a penalty payment.

And in August, director of development and Otago Nuggets player-coach Mark Dickel accepted a role with the Canterbury Rams.

BBO also has a lot of repair work to do in the community. People have been left burnt and out of pocket.

In July, Hansen and Driven Rentals managing director Jarrod Hansen contacted the Otago Daily Times to advise he was owed $3557.18.

As of yesterday, he was still owed that money and said he given up on recouping the funds.

His company was a silver-level sponsor and the Otago Daily Times understands a gold-level sponsor is also owed money by BBO.

The Dunedin Indoor Sports Venue Trust is also owed for court hire at the Edgar Centre. In July, the total it was owed was about $27,000.