And yet they had a 5 million dollar shortfall for the year. How can this happen when there a lot of money (guesstimate 2 million) distributed to districts/clubs "to dispose of"? Could that money not have been used to reduce the shortfall? Maybe someone with more business accumin than I have can explain it.
No business has steady income and steady expenses. Must be a Way to purchase fuel ahead of time, do extra maintaince buy surplus parts etc to get ahead, then just handing out money to clubs at time too. Thanks for insight! I feel ofsc should have been better prepared for this to happen every 10 years. Disappointing it's come down to this no doubt.
Was told by local club president the the OFSC being a 'non profit organization' can't carry a surplus. Few years back when season was short and grooming was non-existing in many areas the OFSC sent all the clubs a cheque at end of year (surplus money) to dispose of. Our little club got 6k to spend, just do the multiplication.....