Mark French - 2002 Victorian Cyclist of the Year 2002 – 2003 Annual Report Cyclesport Victoria President’S Report Finance
Mark French - 2002 Victorian Cyclist of the Year 2002 – 2003 Annual Report CycleSport Victoria President’s Report Finance I am delighted to announce that for the fifth year running, CycleSport Victoria has returned a trading surplus and we have achieved what I believe is a better than satisfactory result. A lot of hard work has been invested in returning this result and I commend the Board and staff for their constant cost monitoring, with a special mention going to our finance director, Trevor Wilkie. With our new home within reach, this surplus will be essential in providing the best possible membership benefits from the new facility. As a result of the Junior Worlds being conducted, the surplus funds here have now been transacted to CSV under the agreement that the money is spent on a major project. In this case, the money will be allocated directly to the timing equipment required at the No 2 training velodrome. CSV has also now had the trust money passed across from the trustees, holding the money on our behalf. This money will be allocated directly to the seating provision in the back straight of the training velodrome. In terms of significant purchases made this financial year, a new photocopier was purchased for the office at a cost of $13,000. Membership CSV have continued to work tirelessly on offering and providing a greater level and range of servicing to our members. The website for one continues to provide excellent service. With race entries, results, club contacts, handicaps, velodrome details and latest information amongst many more sections, it is an excellent resource to any member and the general public.
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