Presidents Report 2015-2016

 

 

It is my pleasure to be able to report on a profit of $237,048 for the year ending June 2016.  This, in a very trying year for Dubbo racing, with many washed out meetings, the most significant of which was Derby Day.  Although we managed to break even on the day, the loss of potential earnings makes our reported profit even more outstanding.

A major contributor to our result was funds received for starters that trained on our facilities.  This brought in around $200,000.  Dubbo provided 1406 starters for 15/16 placing us third in Country Racing.

It is our intention to encourage future growth in this area by providing better facilities and to encourage more horses trained in Dubbo, underpinning the viability of the club going forward and to grow Dubbo into a regional centre of which we can all be proud.

The club has recently purchased a set of four portable starting gates which will be a great benefit to our trainers and shows our commitment to providing the best services we can.

As is evident by the developments inside our course proper, funding of $1.5m, proposed several years ago, has been provided from Racefields Capital Works which is fully funded by Racing NSW.

This will see a new 900m slow work track, new pump and associated system, new 40 megalitre dam and substantial work on our course proper.  This includes slit drainage to the entire track and lifting the turf and re-levelling the trouble spot at the 350m mark.

All this will result in improved racing and training facilities, ensure our water supply in drought times and allow us to race more often in wet.

The club is currently undertaking a three months recess from racing to allow for some of this work to take place.

Furthermore $480k will be spent on the clubhouse through money provided by Country Racing Development Fund on a 80/20 basis.  This will result in a larger female jockey’s room, stewards’ room and members’ area and bring the club in line with current fire regulations and disability access.

All in all it has been a very exciting year and I believe we have achieved a great deal.

I would like to thank previous boards who set these processes in motion as well as Racing NSW and Dubbo Regional Council whose continued support allows us to provide you with quality race days.

Thank you also to our many sponsors, members and supporters as well as the participants of racing, our trainers, jockeys and support staff, without who we would not have achieved these great results.

Last but not least, a huge thank you to our general manager, Vince Gordon and his team.  Their dedication, passion and drive to see the club succeed, inspiring us all.

To my fellow board members, it has been a pleasure working with you for the last twelve months.  Thank you also for giving up your free time to give a little back to racing in Dubbo.  We have a very diverse group of skills on the Board, people who are well skilled to meet the future challenges of the club but who are also open to ideas and suggestions from the wider community.  We look forward to your input.

 

Chris Davis

President