The Yorkton Terriers managed to turn a modest profit over the 2010-11 season.
Gerry Smysnuik, with Parker Quine Chartered Accountants in Yorkton told the annual general meeting of the Yorkton Terrier Junior Hockey Booster Club Inc. that through an audit the organization realized a net income of $13,484, massively better than the $130,490 deficit from a season earlier.
The actual loss in 2009-2010, as determined by audit of $130,490, was actually greater than the $124,541 loss reported at the 2010 AGM, reported Smysnuik. The auditing process also determined the profit reported at the 2009 AGM of $58,000 was actually only $38,000.
The small profit last season leaves the Terriers in a significant deficit situation, remaining $80,710 in the red.
The return to a profit position last season was a result of both increased revenues and lower expenses, said Smysnuik.
On the revenue side the Terriers took in $717,167 during the 2010-11 season, up from $642,120 a season earlier.
The lion's share of the increased revenues came from the Terrier's off-ice efforts with fundraising revenue growing to $170,507, up from $96,318. Smysnuik said the Sportsman's Dinner and team lottery both had better years.
Season ticket sales, about 700, were static generating $148,680, within two thousand of a year earlier.
Walk up ticket sale revenues actually declined from $182,114 to $147,627.
On the expense side the Terriers spent $703,683 over the 2010-11 season, said Smysnuik, down from $772,610 a year earlier. The decrease did include moving $29,109 in marketing commissions to personnel expenses in 2010-11.
The greatest declines in expenses came in terms of general operating expenses, at $96,837, down from $121,173, and in player costs at $348,914 down from $391,490.
The savings in player costs included seeing equipment and uniform costs shrink by 18 per cent, said Smysnuik, going from $89,902 to $68,648.
Player allowances were down to $56,725 from $69,184.
Transportation costs did rise six per cent, said Smysnuik, to $53,374.
