The Guyana Football Federation [GFF] staged an Extraordinary Congress yesterday at the National Research Centre, Woolford Avenue, with the main activity being the presentation of its 2019 budget and the 2018 audited financial statements.
According to the report which was seen by this publication, the projected income for 2019 is $473,115,319 while the estimated expenditure is $472,245,878.
The expenditure is divided into four categories namely – Administration Cost, Referees, Technical Department and Competition Department.
The bulk of the expenditure emanates from the Technical Department and Administration which are pegged at $279,956,580 and $147,649,298 respectively.
Competition Department and Referees account for $38,930,000 and $5,710,000 correspondingly.
Meanwhile a source close to the federation told this newspapers that the auditors were not present at yesterday’s Congress.
“The auditors were not at the Congress and the GFF accountant presented on their behalf. Also, all questions that were asked will be forwarded to the auditors.”
The source also said that amendments will be made so that the yearly budgets will be presented earlier.
With regards to the 2018 audited financial statement, the Wayne Forde led administration income for 2018 was $417,747,572 while expenditure was pegged at $424,580,062.
This audited financial statement was conducted by Ram & McRae Chartered Accountants Professional Services Firm.
According to the document which was viewed by this publication, the GFF received $405,157,603 in financial grants from FIFA, CONCACAF and CFU.
FIFA funding totaled $328,524,418 while CONCACAF’s aid amounted to $58,765,548. CFU’s funding was $17,867,637.
Games Income accounted for $6, 282, 500, with Sponsorship and Donations raking in $6,059,538. Other Income amounted to $247,931.
According to the document, the two main areas of expenses were Tournament and Development Expenses and Administration Expenses, which accounted for $259,542,919 and $163,926,518 respectively.
The remainder is accounted for between Affiliation Expenses ($488,800) and Finance Cost ($621,825). An initial breakdown of the Tournament and Development Expenses indicate that six major items were associated with the aggregate.
Travel costs led the way with $70,319,171, while the unspecified Other category accounted for $68,392,194.
The remaining four items were Meals and Accommodation ($37,303,044), Match Expenses ($30,015,535), Emoluments-Coaches and Players ($29,585,552) and Football Development ($23,927,423).
The sum of $104,892,858 was spent on men’s football and $24,107,783 and $37,680,897 on women and youth football respectively.
Some $53,843,145 was spent on the Elite League while Development Expenses and Events and Programmes and Activities Management accounted for $23,927,423 and $13,798,945 respectively. Grassroots Programmes accounted for $1,291,868 while $80,944,843 was spent on Staff Administration.
The other major categories were Travelling ($20,189,565), Rent ($12,326,234), Consultancy Services ($12,229,234), Other Administration and General Expenses ($10,467,772) and Meetings ($6,409,823). 16 other items accounted for the difference of $33,588,281.
In 2017, the GFF’s income was $248,132,649. Financial Grants from FIFA and CONCACAF totalled $230,414,916.
CFU did not provide any fiscal aid with Sponsorship and Donations amounting for $13,507,655 while Games Income and Other Income accounted for $3,213,000 and $997,078 respectively.
Total expenses for the year was $270,457,664, of which Tournament and Development Costs and Administration Expenses were $154,500,027 and $115,482,264 respectively.
Affiliation Expenses ($109,250) and Finance Cost ($366,123) were responsible for the remainder of the expenses.
Travel and Other expenses were $47,761,981 and $43,276,696 respectively.
The other categories, Football Development ($18,491,480), Match Expenses ($17,420,418), Meals and Accommodation ($15,997,355) and Emoluments-Coaches and Players ($11,552,097).
Men’s Football, Youth Football and the Elite League incurred $49,236,275, $38,855,828 and $37,108,583 respectively.
There were other expenses such as Development Expenses ($18,491,480), Grassroots Programmes ($5,940,658), Women’s Football ($2,458,461) and Events, Activities Management ($2,408,742).
The six most costly Administration Expenses were Staff ($72,770,085), Meetings ($8,867,166), Consultancy Services ($8,005,026), Traveling ($6,002,013), Rent ($3,751,000) and Other Administration and General Expenses ($1,079,138).
The other 16 line items of the Administration Expenses accounted for the remaining $15,007,836.
