Managing your centres income and expenditures successfully will allow your centre to remain financially viable for the future.

Good financial management of your centre starts with a budget.

Budgeting

A budget is used for managing the centres financial resources on a day-to-day basis in order to meet your Centres long-term goals.

When creating a budget, the following should be taken into consideration:

• Income from sponsors, registration fees, fundraising, canteen, grants etc
• Expenses ground hire, equipment, water usage, etc
• If there are any projects or upgrades that need to be carried out
• A sinking fund should the Centre need funds in an emergency

A review should be conducted of the budget at the end of the season to ensure that their is sufficient funds leading into next season.

Financial Reporting

All Centres are required to have a clear process of control for financial reporting within the Centre. The Treasurer is required to present a financial report to the committee each meeting, so that the committee have an awareness of how the Centre is going financially.

Insurance 

Registered players, officials, and volunteers will be covered by the Little Athletics Australia Insurance Program. The program ensures that all registered participants have insurance protection.

Honan are the national insurance broker and details of the insurance cover, policy wording, claims portal and certificates of currency can be found on their Little Athletics-specific website, athletics.honansport.com.au/.

The website also contains information on how to upgrade your personal level of cover should you wish to purchase additional insurance on top of what is already provided by your state association.

Little Athletics Clubs Certificate of Currency (Public Liability)

The Certificate of Currency is a document that confirms the insurance cover for each affiliated Little Athletics club. To obtain a copy of the clubs most up to date Certificate of Currency, please click here.

Registration of Members

To ensure compliance of insurance, any athletes that competing at the centre must be registered financial members or recorded as a triallist for the until the trial has been completed.

Importance of Asset Register

As part of meeting insurance requirements, it is important that the centres keep a register of all their assets.

Funding – Association and Centres
Funding is vital to all organisations and Little Athletics is no exception. Our funds are primarily obtained from Sponsors, Government and Members. If support from these areas is low usually the only option is to increase membership fees, something we all like to avoid. The Role of Government
Government plays a very important part in Sport in Queensland. The State Government has invested a great deal of money in support of sporting organisations throughout the State. Their aim, ultimately, is to strengthen the administration and development of these sports to such an extent that Government support could be withdrawn with minimal effect. Currently, the Government is one of the greatest sources of external funding to LAQ, for which the Association is very grateful and formally expresses its thanks to the Minister for Sport and his Staff.
For Centres
Active Gameday Projects Active Gameday Projects is designed to provide funding for infrastructure projects or upgrades to help community and sport clubs. There are two types of projects available for funding:
• installing or upgrading of sports lighting
• developing or upgrading of playing surfaces/space(s) including irrigation. Funding from $50,000 up to $150,000 (GST exclusive) will be available for eligible Centres and projects who are able contribute a minimum 20 per cent of their project’s cost. For further information, please click here. Gambling Community Fund Not-for-profit community groups can apply for funding between a minimum of $500 and a maximum of $35,000 through the Gambling Community Benefit Fund. For more information, please click here. Councils Local Councils offer grants to help not-for-profit organisations improve their facilities and services.
For Parents and Kids
FairPlay vouchers Parents, carers or guardians can apply for a voucher valued up to $150 for their child or young person. These vouchers can be used towards the cost of membership, registration and/or participation fees for eligible activities with registered physical activity providers. For more information, please click here. Emerging Athlete Pathways Emerging Athlete Pathways aims to foster the development of young athletes and support elite athlete pathways by providing financial assistance to help alleviate the costs associated with attending championship events. The subsidy provides financial assistance through 3 event tiers and supports attendance at specific state, national and international events. To check the criteria for eligibility, please click here.