CLUB FINANCE
The Treasurer is the Manager and accountable
person for all Club finance.
CLUB FINANCE
All members have a responsibility to help raise
the necessary finance to run the Club.
 All activities should be examined to ensure value
for money is being achieved.
 All expenditure should be approved in advance
and be in compliance with Club policies and
procedures.

CLUB FINANCE
Club Executive should regularly review financial
statements.
 A full report on all financial affairs should be
presented to members at AGM time.
 Clubs should have a tax exemption certificate
from Revenue.
 Clubs with taxable activities should ensure tax
compliance.

CLUB FINANCE
All Clubs should operate a current bank account.
 All payments should be made by cheque with
details on cheque stub.
 All monies received should be lodged to bank
account using a lodgement book with details on
lodgement stub.
 Bank statements should be sent to Club
Secretary.

CLUB FINANCE.
Report to AGM should include the following,
 Income
 Expenditure.
 Bank balances (with statements reconciled)
 List of accruals and pre-payments.
 Details of all investments and loans.

CLUB FINANCE.
 The
income and expenditure account
should categorise all items of cost and
income in the relevant year with a
comparison to the previous year’s
accounts.
 Every Club should set a budget for each
year and report on variances at Club
Executive Meetings.
 It is recommended that Club accounts be
independently Audited.
 Copy of Accounts should be forwarded to
County Board after AGM.
CLUB FINANCE
 Any
plan to provide new or additional
facilities must take account of the revenue
costs that will accrue for maintenance,
light -heat etc.
 Capital projects should only be
undertaken after a detailed feasibility
study is done.
 The real property of the Club should be
vested in the GAA.
 Only vested property is elegible for GAA
Grants.
CLUB FINANCE.
 Property
is vested in 5 Trustees----3 from
the Club and 1 each from County
Committee and Provincial Council.
 Clubs require permission for borrowings
as follows, up to €50,000 County
Committee, €50,000 to €150,000 County +
Provincial and for sums in excess of
€150,000 County, Provincial and Central
Council.
 Borrowings are in the name of the Club
Trustees.
CLUB FINANCE.
Loan Requirements,
 Income and expenditure accounts.
 Authorisation to borrow.
 Balance sheet.
 Financial Plan----cash flow forecast.
 The Club Constitution.

SOURCES OF FUNDS
Fundraising.
 County Committee draws.
 Local Lotto.
 Donations and Sponsorship.
 Interest Free loans.
 Local Authority Grants.
 Sports Capital funding.

DONATIONS
 To
qualify for tax relief on donations, the
Club must have a Tax exemption or Tax
compliance certificate.
 The donation must be for a specifically
approved Capital project and does not
include any element for running costs.
 Donations must be at least €250, paid by
an Irish tax resident, be unconditional,
non-refundable and not otherwise tax
deductible.
CLUB FINANCE.
 Club
finance should always operate in an
open and transparent fashion which gives
confidence to the community and
encourages involvement and support.
 The operational procedures at Club level
should be managed in a manner which
minimises the opportunity for misappropriation of funds or fraud.
 This is best achieved by regular reporting
and sharing of documentation by
Chairman, Secretary and Treasurer and
regular reporting to Club Executive.