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
