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Financial woes prevent club from spending

25 Mar, 2010 10:17 AM
WHILE the bottom line doesn’t look good, the Junee Ex-Services Memorial Club is not in dire straits, according to secretary manager Jim Wallace.

Junee Ex-Services Memorial Club Limited has reported a higher loss of $67,035 in 2009, giving a net profit loss of $128,154 in the last two years.

Citing the ongoing drought as the the main contributor, Mr Wallace said with people eating out less and poker revenue down it was a similar situation facing many clubs across the Riverina.

One of the main reasons behind the losses is the repayment of a loan taken out to finance the club’s refurbishments a number of years ago.

“At the time we did what we thought was right, but the benefit of hindsight is that if we saw it coming we wouldn’t have done it,” Mr Wallace said.

Planning for the renovations commenced in 2003 and took place from 2004 onwards.

A concern for the club at present are the bowling greens, which Mr Wallace admits are not viable.

He said despite having a number of dedicated weekly players, the current use of the greens was not enough to sustain it.

Long-time greenkeeper Paul Diggins resigned last year and has not been replaced.

With little use, the greens are now being kept on a casual basis.

Mr Wallace said the club would not be looking at taking on any further major expenditures at present.

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