Wayne's budget sees club to eventually achieve record revenues protecting record expenditure

Treasurer Wayne announced our budget for next year at our committee meeting at Reg’s house last night.

Wayne said a massive write down in revenue was to blame. He had forecast club revenue at $3,000,000, up from $5,010 last year after our record year of $5,252 in 2010-11. A massive revenue shortfall of $2,994,748 has meant poor Wayne has a large gap in his budget.

To his credit Wayne said he wouldn’t sacrifice the club’s key programs, Julia’s Junior Socialist Lawn Bowls Academy and the 25 Disabled parking bays being installed. Vovo Biscuits and International Roast Coffee are now cut as is the baby bowlers bonus paid to members who give birth (to anything).   

Wayne says he expects our budget to come back in to surplus in 5 years when revenues are projected to hit a record $14,600,000.