Small financial loss recorded ahead of junior world champs
Cycling Southland has posted a second consecutive loss, although that result is coloured by a $46,639 grant to the company running next month's junior world championships.
A $46,347 deficit was confirmed at last night's annual meeting.
The organisation had an operating surplus of just over $7000, following on from the $45,176 loss from the last financial year, which covered a 15-month period.
Income and expenditure were both down this year, with both slipping below $1 million from the last financial period.
In other news, former Cycling Southland president Lyn Randall was awarded life membership of the organisation.
Randall is a former Cycling New Zealand councillor and was at the helm of the sport locally through the late 1990s and early 2000s, playing an important role during the early development of plans for New Zealand's first indoor velodrome.
He joins Steve Canny, Bruce Ross, Graham Sycamore, Tony Ineson, Laurie Tall, Sonny Broad, Matt Scott, Robert Milne, Allan Hewitt, Eric Messan and Evan Lyon on the life members' roll.
- © Fairfax NZ News