C LUB F INANCE
The Treasurer is the Manager and accountable person for all Club finance.

C LUB F INANCE
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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.

C LUB F INANCE
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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.
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Clubs with taxable activities should ensure tax compliance.

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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.

C LUB F INANCE .
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Report to AGM should include the following,
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Income
Expenditure.
Bank balances (with statements reconciled)
List of accruals and pre-payments.
Details of all investments and loans.

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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.

C LUB F INANCE
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Any plan to provide new or additional facilities must take account of the revenue costs that will accrue for maintenance, light -heat etc.
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Capital projects should only be undertaken after a detailed feasibility study is done.
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The real property of the Club should be vested in the GAA.
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Only vested property is elegible for GAA
Grants.

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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.

C LUB F INANCE .
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Loan Requirements,
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Income and expenditure accounts.
Authorisation to borrow.
Balance sheet.
Financial Plan----cash flow forecast.
The Club Constitution.

S OURCES OF F UNDS
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Fundraising.
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County Committee draws.
Local Lotto.
Donations and Sponsorship.
Interest Free loans.
Local Authority Grants.
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Sports Capital funding.

D ONATIONS
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To qualify for tax relief on donations, the
Club must have a Tax exemption or Tax compliance certificate.
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The donation must be for a specifically approved Capital project and does not include any element for running costs.
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Donations must be at least €250, paid by an Irish tax resident, be unconditional, non-refundable and not otherwise tax deductible.

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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.