Financial Losses of the NSWCA - Page 7 - OzChess

**Just2Good** · 11-04-2009, 08:05 PM

Originally Posted by Bill Gletsos

What a load of rubbish, there was nothing about the NSWCA finances staying barely afloat as even after the $11000 loss in financial year 2005-2006 the NSWCA still had over $70,000 in the bank.
As for Parr 'steering them back into the black' the NSWCA already had this well in hand prior to Parr joining the council as I already explained in post #79 in this thread

In that case I stand corrected and will make the necessary change to the above posts.

Best Regards,

J2G

**Axiom** · 11-04-2009, 08:34 PM

Originally Posted by Just2Good

In that case I stand corrected and will make the necessary change to the above posts.

Best Regards,

J2G

brown nose toady !

**Iconoclast** · 11-04-2009, 10:12 PM

Now take away the $10k anon donation and there was a $6k increase on a $80k balance over 6 years. You go girl, 1% p.a. makes me wet my pants.

NSWCA rate < deemed interest rate.

**antichrist** · 11-27-2009, 03:49 PM

St Vinnies Hospital lost $24M SPECULating on the stock exchange - donations and research grants as well. wow. Does NSWCA have any risky investment? Matt I suggest you get back on committee so that you can spill the beans on any shenigans

**Iconoclast** · 11-27-2009, 05:27 PM

Originally Posted by antichrist

St Vinnies Hospital lost $24M SPECULating on the stock exchange - donations and research grants as well. wow. Does NSWCA have any risky investment? Matt I suggest you get back on committee so that you can spill the beans on any shenigans

Sorry mate, there are no "shenigans." I have never even implied that there wer. It is simple mal-management.

**Bill Gletsos** · 11-28-2009, 09:26 PM

2008-2009 figures added

Financial Year	President or Defacto NSWCA President	Annual Result in $	Loss or Profit
1 August 2002 to 30 July 2003 .	Bill Gletsos	$17,739	Profit
1 August 2003 to 30 July 2004	Bill Gletsos	-$509	Loss
1 August 2004 to 30 July 2005	Bill Gletsos	$4057	Profit
1 August 2005 to 30 July 2006	Bill Gletsos	-$11,248	Loss
1 August 2006 to 30 July 2007	Bill Gletsos	-$3,443	Loss
1 August 2007 to 30 July 2008	Bill Gletsos	$9,361	Profit
1 August 2008 to 30 July 2009	Bill Gletsos	$11,683	Profit
Totals	Bill Gletsos	$27,640	Profit

**Just2Good** · 11-29-2009, 05:46 AM

Originally Posted by Bill Gletsos

2008-2009 figures added

Financial Year President or Defacto NSWCA President Annual Result in $ Loss or Profit
1 August 2005 to 30 July 2006
Bill Gletsos

-$11,248

Loss

1 August 2006 to 30 July 2007
Bill Gletsos

-$3,443

Loss

1 August 2007 to 30 July 2008
Bill Gletsos

$9,361

Profit
1 August 2008 to 30 July 2009
Bill Gletsos

$11,683

Profit
Totals
Bill Gletsos

$27,640

Profit

So the 2005-06 $11,000 loss is pretty much cancelled out by the 2008-09 $11,000 profit.

Thank God for Peter Parr who had the NSWCA introduce Associate Memberships which seem to have turned the situation around. Peter also told me he advocated against the NSWCA supporting so many tournaments which was costing the NSWCA a small fortune.

See the difference one man can make to the NSWCA Bill?

**Iconoclast** · 11-29-2009, 06:40 AM

Creadit where it is due. The NSWCA has turned a corner. How did this happen? An injection of business sense from Peter Parr. No doubt Gletsos will try to steal the lime light when the best he should expect is to bathe in reflected glory.

**Bill Gletsos** · 11-29-2009, 11:32 AM

Originally Posted by Just2Good

So the 2005-06 $11,000 loss is pretty much cancelled out by the 2008-09 $11,000 profit.

Thank God for Peter Parr who had the NSWCA introduce Associate Memberships which seem to have turned the situation around.

This is just simply rubbish which I dispelled previously.

The revenue from the Associate membership fee (total $980) in the 2007-2008 financial year only represented 10.49% and only made a 7.66% difference in the turnaround from a $3,443 loss to the $9,361 profit.

Coincidentally the the revenue this financial year (2008-2009) from Associate membership fees (actually called the Registered player fee) was the same as the previous year ($980).
The revenue from the Registered player fee this year represented just 8.39% of this years profit.

Originally Posted by Just2Good

Peter also told me he advocated against the NSWCA supporting so many tournaments which was costing the NSWCA a small fortune.

My post #79 in this thread made it clear that the NSWCA Council had taken the decision to stop running a number of weekenders prior to Peter Parr joining the Council in 2008.

Peter made no such suggestion/recommendation to the NSWCA Council either at the 2008 AGM or whilst he was on Council in 2008.

**Iconoclast** · 11-29-2009, 01:17 PM

Quoting myself is so naff but on this occasion I cannot resist LOL

Originally Posted by Iconoclast

No doubt Gletsos will try to steal the lime light when the best he should expect is to bathe in reflected glory.

.

**antichrist** · 11-29-2009, 03:01 PM

Peter Parr may or may not have saved the day but when is he going to say something good about my friend Mr Ilic? Poor Mr Ilic will go to his grave with never a good word said about his games.

**Just2Good** · 11-29-2009, 06:35 PM

Originally Posted by Bill Gletsos

Peter made no such suggestion/recommendation to the NSWCA Council either at the 2008 AGM or whilst he was on Council in 2008.

That's at odds with what I was informed.

View Poll Results: Do you believe the NSWCA lost money during the 2006-2007 financial year?
Yes	7	70.00%
No	3	30.00%
I Don't Know	3	30.00%
Multiple Choice Poll. Voters: 10. You may not vote on this poll

11-04-2009, 08:05 PM	#91 (permalink)
Just2Good Tin Cup Champ 2004 Join Date: Jul 2007 Location: Cairns Posts: 6,233 ICC Handle: Advantage FICS Handle: Advantage	Correction Originally Posted by Bill Gletsos What a load of rubbish, there was nothing about the NSWCA finances staying barely afloat as even after the $11000 loss in financial year 2005-2006 the NSWCA still had over $70,000 in the bank. As for Parr 'steering them back into the black' the NSWCA already had this well in hand prior to Parr joining the council as I already explained in post #79 in this thread In that case I stand corrected and will make the necessary change to the above posts. Best Regards, J2G __________________ . "The fox knows many things, but the hedgehog knows one big thing." ~ Isaiah Berlin ~

11-04-2009, 08:34 PM	#92 (permalink)
Axiom Reality Analyst Join Date: Aug 2007 Location: Australia Posts: 3,498	Originally Posted by Just2Good In that case I stand corrected and will make the necessary change to the above posts. Best Regards, J2G brown nose toady ! __________________ "Sometimes the obligation of the intelligent is to restate the obvious. None more important than emphatically stating that there is a : ' Naked Emperor Elephant in the Room' " Axiom

11-04-2009, 10:12 PM	#93 (permalink)
Iconoclast Immoderator Join Date: Jul 2007 Location: Wollongong NSW Posts: 2,302	Now take away the $10k anon donation and there was a $6k increase on a $80k balance over 6 years. You go girl, 1% p.a. makes me wet my pants. NSWCA rate < deemed interest rate. __________________ The individual is hopeless without the group. The group is hopeless without its individuals.

11-27-2009, 05:27 PM	#95 (permalink)
Iconoclast Immoderator Join Date: Jul 2007 Location: Wollongong NSW Posts: 2,302	Originally Posted by antichrist St Vinnies Hospital lost $24M SPECULating on the stock exchange - donations and research grants as well. wow. Does NSWCA have any risky investment? Matt I suggest you get back on committee so that you can spill the beans on any shenigans Sorry mate, there are no "shenigans." I have never even implied that there wer. It is simple mal-management. __________________ The individual is hopeless without the group. The group is hopeless without its individuals.

11-27-2009, 03:49 PM	#94 (permalink)
antichrist Senior Member Join Date: Feb 2009 Location: Byron Bay, NSW Posts: 2,821	St Vinnies Hospital lost $24M SPECULating on the stock exchange - donations and research grants as well. wow. Does NSWCA have any risky investment? Matt I suggest you get back on committee so that you can spill the beans on any shenigans

11-29-2009, 06:40 AM	#98 (permalink)
Iconoclast Immoderator Join Date: Jul 2007 Location: Wollongong NSW Posts: 2,302	Creadit where it is due. The NSWCA has turned a corner. How did this happen? An injection of business sense from Peter Parr. No doubt Gletsos will try to steal the lime light when the best he should expect is to bathe in reflected glory. __________________ The individual is hopeless without the group. The group is hopeless without its individuals.

11-29-2009, 11:32 AM	#99 (permalink)
Bill Gletsos Senior Member Join Date: Nov 2007 Posts: 653	Originally Posted by Just2Good So the 2005-06 $11,000 loss is pretty much cancelled out by the 2008-09 $11,000 profit. Thank God for Peter Parr who had the NSWCA introduce Associate Memberships which seem to have turned the situation around. This is just simply rubbish which I dispelled previously. The revenue from the Associate membership fee (total $980) in the 2007-2008 financial year only represented 10.49% and only made a 7.66% difference in the turnaround from a $3,443 loss to the $9,361 profit. Coincidentally the the revenue this financial year (2008-2009) from Associate membership fees (actually called the Registered player fee) was the same as the previous year ($980). The revenue from the Registered player fee this year represented just 8.39% of this years profit. Originally Posted by Just2Good Peter also told me he advocated against the NSWCA supporting so many tournaments which was costing the NSWCA a small fortune. My post #79 in this thread made it clear that the NSWCA Council had taken the decision to stop running a number of weekenders prior to Peter Parr joining the Council in 2008. Peter made no such suggestion/recommendation to the NSWCA Council either at the 2008 AGM or whilst he was on Council in 2008.

11-29-2009, 01:17 PM	#100 (permalink)
Iconoclast Immoderator Join Date: Jul 2007 Location: Wollongong NSW Posts: 2,302	Quoting myself is so naff but on this occasion I cannot resist LOL Originally Posted by Iconoclast No doubt Gletsos will try to steal the lime light when the best he should expect is to bathe in reflected glory. . __________________ The individual is hopeless without the group. The group is hopeless without its individuals.

11-29-2009, 03:01 PM	#101 (permalink)
antichrist Senior Member Join Date: Feb 2009 Location: Byron Bay, NSW Posts: 2,821	Peter Parr may or may not have saved the day but when is he going to say something good about my friend Mr Ilic? Poor Mr Ilic will go to his grave with never a good word said about his games.

11-29-2009, 06:35 PM	#102 (permalink)
Just2Good Tin Cup Champ 2004 Join Date: Jul 2007 Location: Cairns Posts: 6,233 ICC Handle: Advantage FICS Handle: Advantage	Peter's Contribution Originally Posted by Bill Gletsos Peter made no such suggestion/recommendation to the NSWCA Council either at the 2008 AGM or whilst he was on Council in 2008. That's at odds with what I was informed. __________________ . "The fox knows many things, but the hedgehog knows one big thing." ~ Isaiah Berlin ~

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