For your information: Breakdown of costs to run the OC1 Champs (5 Dec 09)
The below table shows all income and expenses regarding the Regional OC1 Champs held on 5 December 2009 at Onepoto, Porirua.
Hoe Tonga is releasing this information to provide transparency about how race fees are used.
Expenses:
| Food and drink for volunteers |
$99.00 |
| Admin (incl. stationary, printer cartridge, duct tape, etc.) |
283.50 |
| Generator 1x |
$40.00 |
| Safety boat 1x |
$150.00 |
| Lanes set-up |
$100.00 |
| Portable toilets (2x) |
$200.00 |
| Race manager software and online entries |
$200.00 |
| TOTAL |
$1,072.50 |
Revenue:
| Registration fees |
$1,130.00 |
Profit/Loss
| Surplus |
$57.50 |
Note that Hoe Tonga runs races on a not-for-profit and break-even basis. That means that at the very least all costs regarding an event have to be covered by race fees (and/or other event specific sources, e.g. sponsorship). Any surplus is re-invested into the sport for the benefit of all.
You will note that following the OC1 Champs Hoe Tonga was left with a surplus of $57.50. In it’s the meeting on 7 December, the Hoe Tonga Committee decided to invest this money to contribute to the purchase of its first VHF radio to improve the running and safety of future races.
ENDS
Hoe Tonga Pacifica Waka Ama Association 