Second surplus in a row for Football South

Chris Wright. Photo: Gregor Richardson
Chris Wright. Photo: Gregor Richardson
Football South has recorded a surplus for a second consecutive year.

It finished the 2020 financial year with a $167,507 surplus, leaving it with equity of $285,429.

That follows a trend among local sporting organisations finishing the year with a surplus.

It is a strong result after returning deficits each year between 2016 and 2018, which had left the organisation with a bottom line of just over $55,000.

Football South chairman Graeme Marshall said in his report the result was ‘‘somewhat surprising’’ given the impact of Covid-19.

However, he said government and funder support, staff reductions, governance decisions and a reduction in operational expenses were all key.

The Covid-19 wage subsidy boosted its income by $145,000.

However, while major savings were made in futsal costs and football development and tournament costs.

Both Marshall and CEO Chris Wright acknowledged the staff which worked at reduced hours and lower pay.

The organisation had lost six key members of staff last year too and Wright said that posed challenges.

However, he highlighted the federation’s ability to complete a full community club season and a summer futsal competition without further disruptions following the lockdown.

That notably included more than 750 football teams and 1200 futsal teams.

Add a Comment

drivesouth-pow-classic-2.png

 

Advertisement

postanote_header_620_x_80.png

postanote_620_x_25.jpg

Our journalists are your neighbours

We are the South's eyes and ears in crucial council meetings, at court hearings, on the sidelines of sporting events and on the frontline of breaking news.

As our region faces uncharted waters in the wake of a global pandemic, Otago Daily Times continues to bring you local stories that matter.

We employ local journalists and photographers to tell your stories, as other outlets cut local coverage in favour of stories told out of Auckland, Wellington and Christchurch.

You can help us continue to bring you local news you can trust by becoming a supporter.

Become a Supporter