No Racing Calandar, 2025, 2026, yet.

[mikeynz]

Just note they have released the gallops calandar, Waipukurau is back on the go.

[Special Agent]

4 hours ago, Chief Stipe said:

No they are not.  Overheads are expenses that are not directly linked to the cost of producing a service or product.

And that is why you are the accountant.

Wages are definitely a huge expense.

[Chief Stipe]

2 minutes ago, Special Agent said:

And that is why you are the accountant.

Wages are definitely a huge expense.

For EVERY track.  For example over a $100k at Foxton and they don't have an event centre or hospitality venues.  Other than the hot dog and coffee stand.

You can't rely anymore on members having either the knowledge or the time or the training to pitch up and work on a race track.

Time we all thought about sustaining the infrastructure professionally.

[Special Agent]

1 hour ago, mikeynz said:

Just note they have released the gallops calandar, Waipukurau is back on the go.

There might be some tweaking to come.  Waipukurau at Hastings, and Hawkes Bay at Waipukurau.  Interesting none-the-less.

[Special Agent]

2 minutes ago, Chief Stipe said:

Time we all thought about sustaining the infrastructure professionally.

Is that what Trentham, Awapuni and Hastings have been doing?

[Special Agent]

3 minutes ago, Chief Stipe said:

For EVERY track.  For example over a $100k at Foxton and they don't have an event centre or hospitality venues.  Other than the hot dog

Foxton has other revenue streams though.  Event centres and hospitality venues aren't the only way to bring some cash in.

[curious]

15 minutes ago, Special Agent said:

Foxton has other revenue streams though.  Event centres and hospitality venues aren't the only way to bring some cash in.

Bugger all. They still lose money and industry level racedays in winter would only worsen that.

 

[mikeynz]

30 minutes ago, Special Agent said:

There might be some tweaking to come.  Waipukurau at Hastings, and Hawkes Bay at Waipukurau.  Interesting none-the-less.

More than likely in light of recent events probably many changes by this time next year, didn't Wairoa have their cup run in Taranaki this season, now temporary at Waipuk.

[Chief Stipe]

44 minutes ago, Special Agent said:

Foxton has other revenue streams though.  Event centres and hospitality venues aren't the only way to bring some cash in.

I didn't say they were.  I was just offering an explanation why some Clubs have managers (other than track workers) and others don't.  

[Chief Stipe]

33 minutes ago, curious said:

Bugger all. They still lose money and industry level racedays in winter would only worsen that.

 

Yes if you look at the financials of Foxton it only breaks even with grants.

[Murray Fish]

On 18/05/2025 at 2:25 PM, Chief Stipe said:

The Wellington Racing Club - 403.  

use to have a 'waiting list' of 3000+ in the 70's

[Chief Stipe]

33 minutes ago, Murray Fish said:

use to have a 'waiting list' of 3000+ in the 70's

At least two thirds of the 403 are Life Members.  

[Special Agent]

4 minutes ago, Chief Stipe said:

At least two thirds of the 403 are Life Members.  

That is one hell of a lot of life members.

Hard to create a vibrant vibe with a stuffy sect.

[Chief Stipe]

25 minutes ago, Special Agent said:

That is one hell of a lot of life members.

Hard to create a vibrant vibe with a stuffy sect.

To be fair I was exaggerating.  Probably a third are life members who joined in the 60's and 70's.

[Special Agent]

18 hours ago, Chief Stipe said:

Yes if you look at the financials of Foxton it only breaks even with grants.

There would be a lot members and staff of clubs who would love to be in the position of breaking even.

[Chief Stipe]

41 minutes ago, Special Agent said:

There would be a lot members and staff of clubs who would love to be in the position of breaking even.

The point is if you look at the financials they only broke even because of:

NZTR $29k
DIA Grant (Pokies?) $19k
MSD Wage Subsidy $9k.

The loss from core trading activities (i.e. horse activities) was $55k!

[Special Agent]

2 minutes ago, Chief Stipe said:

The point is if you look at the financials they only broke even because of:

NZTR $29k
DIA Grant (Pokies?) $19k
MSD Wage Subsidy $9k.

The loss from core trading activities (i.e. horse activities) was $55k!

Thanks for the info.

As you are the figures man can you do the same analysis for RACE so we can judge the comparison?

[Chief Stipe]

16 minutes ago, Special Agent said:

Thanks for the info.

As you are the figures man can you do the same analysis for RACE so we can judge the comparison?

I've posted their latest financial report.

[Special Agent]

7 minutes ago, Chief Stipe said:

I've posted their latest financial report.

As an accountant what do you think of Foxton's performance compared to that of RACE?

[Special Agent]

On 5/21/2025 at 5:38 AM, Freda said:

Riccarton has around 250 horses utilizing the tracks per month.

Rangiora,  120.  That doesn't include the harness numbers which i forgot to ask for.

What does everyone think of the significant numbers in work at Rangiora?

[Chief Stipe]

25 minutes ago, Special Agent said:

Thanks for the info.

As you are the figures man can you do the same analysis for RACE so we can judge the comparison?

RACE Inc.

Surplus from Race Meeting activity:
$2.2m
Surplus from Catering:
$64k

Fees from Horse Activity:
$748k

 

 

 

RACE_Inc (2).pdf

[Murray Fish]

9 hours ago, Special Agent said:

What does everyone think of the significant numbers in work at Rangiora?

How many at work at Riverton?

[curious]

5 hours ago, Murray Fish said:

How many at work at Riverton?

That would be interesting to know. Do you MF?

[Murray Fish]

6 hours ago, curious said:

That would be interesting to know. Do you MF?

nope

 

[Chief Stipe]

13 hours ago, Murray Fish said:

How many at work at Riverton?

 

8 hours ago, curious said:

That would be interesting to know. Do you MF?

In the last two Financial Years Riverton Racing Club earned $20k each year from track fees.  That figure gives you an indication.  

BTW they earnt $112k from farming activities.

 

Riverton Racing Club 225294_-_Accounts_2024.pdf