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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.