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Financial from the Chairman’s report

Despite the current ‘cost of living challenges’ facing all community events, Bike Manawatu is 100% committed to ensuring the 51st year of the Novice Tour – once again provides a safe, fun, competitive cycle racing event.
 

We will adopt a high-quality assured approach in implementing the Local Roading Authority’s/Cycling New Zealand’s ‘Safe Traffic Management System’ (STMS) standards which ensure best practices and rider and spectator safety.

 

If the level of community funding secured is not sufficient to contract in external road management service providers with the ability to stop/go traffic, the Novice Tour will proceed on a ‘local club racing’ model, whereby our team of trained/experienced road marshals will, where necessary, pause racing in order to give way to traffic and ensure rider safety. 

 

Although funding  external road management services with the ability to stop/go traffic is ideal, if this is not feasible – we are confident that the event’s ‘Safe Traffic Management System’ (STMS) will provide a competitive, fair, enjoyable and importantly safe racing environment.  

 

Irrespective of which model of traffic management/racing is finalised, as with all CNZ/Bike Manawatu events, normal road rules will apply and a full rider briefing confirming the event rules will be provided to all riders prior to the start of each race. 

Finances

The Club is financially sound. Through the prudent running of events, success in attaining grants and with increased membership subscription, we have traded through the current year successfully.

The accounts show Operating Income of $48,341 (including grants of $22.616) for the year to 31 December 2011 and Expenditure of $39,063 leaving Operating Profit of $9,278.

We still hold funds in the Velodrome Project. Given the failure to secure the New Zealand Cycling Centre of Excellence, the Board will need to revisit this sum invested for perhaps some other “special” project.