Race fees at regional events

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