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RACE DAY - 2017 - FRIDAY 24TH NOVEMBER 


The Club has received a grant under the Community Building Partnership of $15,000 to assist with the upgrade of the toilet block on the 
hillside of the course. Thanks to our local Member, Jai Rowell, we hope to have this project finished before race day.

ANNUAL GENERAL MEETING

Nominations for a position on the Board of Directors has now closed. We received an additional nomination from Mrs Louise Campbell and this gives us 5 nominations to fill 4 vacant positions.  

Date for the AGM is set for Friday 7 April 2017 and commencing at 7.30pm in the pavilion building at the racecourse. 

Notices have been emailed or posted. We encourage all Members to consider submitting a proxy form if they are unable to attend.

Financial Report: 

Our annual financial report and Auditors statement can be downloaded here.

Any Member who would like to receive a paper copy of the report should contact the Office - 02 48622155, d it would posted to you. Our Auditor, George Lawrence, has continued to express concern that our approach treatment of fixed assets is technically correct in terms of new accounting standards (write off of $80,000 of impaired asset i.e. no longer identifiable, previously referred to as "course beautification")  however may mislead Members with regard to the true values. We undertook to discuss having our major assets assessed by a registered Valuer however the Board could not see its way clear to incurring a cost of up to $10,000 for a formal report that, at best, would need to be subject to land rezoning and lifting of usage restrictions. As an alternative, we are obtaining an opinion from local Agents for the land compared to nearby developments and trade in values for plant and machinery. As indicated in the report, Valuer Generals UCV is $1.85m however 43 hectares of prime real estate as a development site only requires support of Council to amend zonings and restrictions to provide a yield of tens of millions. To continue to restrict the use of the property as a Community asset, we are hoping our Members will agree to an amendment of the Constitution that will effectively require approval of a majority of Members for any dealings with the land other than as it is currently used. 

 

 

Upcoming Events:

Polo in the Highlands was a success and they have indicated it may become an annual event.

Dressage competitions and Polocrosse have been affected by weather. Polocrosse annual competition has been rescheduled for 3 & 4th of June.

Oxley College will be holding an equestrian day on 30th April and then an inter-school cross country race on 23 May.

Japanese school students will start to arrive for farm stays from early July.  

 

 






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