Last night in the Penman Suite at Dens Park, the Club held a Q&A with the CEO and Board of Directors. It was designed to give the fans in attendance something of a report on the events of the last 8 months and on the various Depts and aspects of the Club.
The evening lasted more than two hours and was filmed. Excerpts will appear on DFC TV in due course and the entire evening is being transcribed by the DFCSS for everyone to see and this too will be published but in advance of this, here is just some of the information released by the Club last night.
KPI's and Management Accounts
F.D Mark Gallacher said “Our KPI's were published on the website earlier today and as at 31st July 2012, the Board can confirm that all KPIs were achieved as outlined online.
Further to this, Mark released information from the Management Accounts to July 2012. He stated that the Club had lost £300,000 before taking into account funds of £300,000 received in the previous financial year from the Dundee FC Supporters Society, The Dark Blue Business Trust and the Colvin family, none of which shows as income on this year’s P&L.
As the Club operates without an overdraft, sufficient funds were maintained throughout the year to ensure that it continued to meet its financial obligations.
Mark also projected that the Club would remain in the black with a positive cash flow throughout the coming season and at worst, the Club would break even , regardless of our final league position . In addition, a number of new revenue streams were being worked on in order to create substantial further income.