Bass derby expecting deficit

For the first time in three years, the one-year operating budget of the Fort Frances Canadian Bass Championship is expected to be in the red.
FFCBC media director Bud Edwards confirmed yesterday the total bill for last month’s three-day derby will be two percent over budget—translating into a hole of about $10,000.
The final year-end budget report should be confirmed in late September.
“I want to assure everyone the tournament remains financially sound,” FFCBC chair Gary Rogozinski said in a press release. “Bills are still coming in daily and we should know by the end of August exactly where we stand.
“With an operating budget exceeding $500,000, it doesn’t take much of a change to have a deficit,” he added.
When contacted, Rogozinski said he wasn’t surprised by the shortfall, citing it was a big “try out” year for the FFCBC committee, including the new Daytime Land (costing about $10,000), new tables and chairs, and the promotion and costume for the new basscot, “Bobber.”
Bringing back the “hawg trough” cost about $7,000.
“We had some money in reserve for things like this,” Rogozinski noted. “We spent money on some things to make a whole series of events, things to enhance the experience.”
Other additional costs included a 27.5 percent insurance increase while one-time expenses such as redesigning the stage, purchasing new overhead beams and trusses (carries big screens), and upgrading the electrical services were more than originally budgeted.
“These are things we can use for many years to come,” Rogozinski reasoned in the press release.
Mix in the low turnout on the Friday night—traditionally a big revenue drawer—and the numbers add (or subtract) up, he added.
Deficits are nothing new to the FFCBC. While it ran a surplus in 2000 and 2001, the 1999 edition finished with an operating deficit of $17,000-20,000, said former director Linda Plumridge.
“That’s what happens with a big change in directors because they do some different things,” she noted. “. . . it’s kind of scary when you have a bass tournament and so much depends on the weather. That’s always a worry for whoever is in charge.
“A bad storm means you don’t have the same revenues.”
“We originally budgeted a deficit of approximately $2,500 so we really came close,” Rogozinski said in the press release.
“We have reserves which have been set aside by previous directors which will fully cover any deficit this year,” he noted.

Facebooktwitterredditpinterestlinkedinmail