Gate receipt revenue increase sees Louth GAA record 2018 budget surplus of over €100,000

An increase in gate receipt revenue has helped Louth GAA to make an end-of-year financial surplus of €153,384.

The figure is up from last year’s profit of €50,321, with income from the 2018 club championship standing at €224,804, compared to 2017’s total of almost 10,000 less.

Huge attendances at both the senior and intermediate football championship finals are likely reasons behind the profit.

Louth’s commercial income and share of the National League revenue - where entry prices in Divisions One and Two are higher than in the lower tiers - has all contributed to a total income of €883,364, compared to €879,085 twelve months ago.

Non-surprisingly, given the lack of fundraising activities, this particular tally has dropped by over €7,000.

A major cut in county teams expenditure has played a huge part in the income increase, with the total outlay reducing from €828,764 in 2017 to €729,980 this year. There was an almost €40k drop in the finance designated to Louth sides, mainly through a reduction in travel expenses and coverage of medical/physio bills. Over €20,000 was spent on legal fees relating to the Gaelic Grounds in Drogheda.

The operating cost of Darver and general administrative expenses were also reduced, while, mainly due to a dramatic increase of over €90k in coaching grants and summer camps revenue, Coaching & Games expenditure has profited to the tune of €14,865.

The bank loan on Darver was reduced to €551,995 from €618,753, while the much maligned club contributions scheme accrued over €94,000 again, suggesting all clubs are up to date.

Louth GAA's annual convention takes place at Darver tomorrow evening.