N Srinivasan-led TNCA’s surplus up by Rs 7 crore


first_imgN SrinivasanDespite continuing to face various political and administrative roadblocks, the Tamil Nadu Cricket Association (TNCA) has a reason to smile, albeit in an entirely different area.The N. Srinivasan-headed TNCA improved upon its financial might in the year 2013-14. It earned a surplus of `15.28 crore during the year, despite being involved in cases with government agencies over several issues.This surplus was `6.8 crore more than it earned in 2012-13, which was `8.48 crore. And it was a handsome `12.90 crore more than the total surplus budgeted, according to the TNCAs annual report 2013-14, which is strictly meant for circulation amongst members only??.TNCAs problems did not end with the financial year. The Chennai Municipal Corporation did not allow TNCA to stage any IPL match in 2014 at the M. Chidambaram Stadium over the use of its three contentious spectator stands. Its impact would reflect in the 2014-15 balance sheet.TNCA officials would be feeling proud that the income in 2013-14 exceeded their expectations. For instance, under the head receipts from the BCCI, which is associations share of the Boards income from the media rights and IPL, the TNCA had budget of `26 crore. But it actually received `37.14 crore `11.14 crore more than it expected.The other source from which the eventual income exceeded its expectation was the interest. TNCA had budgeted `50 lakh for 2013-14, but received `1.08 lakh. This was `58.88 lakh more than they had anticipated.Under the head expenditure, depreciation occupied the biggest chunk. It was `8.06 crore in 2013-14.The next biggest spending was on development, and the areas under this head included the TNCA academy, consumption of cricket materials by districts and others, assistance and grants to districts, coaching schemes, coaches salaries, and ground expenses etc.advertisementThe total amount under this section was In 2013-14, Tamil Nadus surplus was `15.28cr, up by almost `7cr `3.58 crore, which was `1.08 crore more than in 2013-13. TNCA spent a lot of money on its various state-level tournaments these include interschool meets, under-14 to under-25 tournaments, TNCA League and Buchi Babu tournament etc., all of which are meticulously organised.The total expenditure on these was `2.74 crore. And on nationallevel tournaments, like the Ranji Trophy, Duleep Trophy, Deodhar Trophy and the various age-group competitions, the TNCA spent `3.44 crore.TNCAs administrative expenses during 2013-14 was `2.66 crore, which included `1.22 crore spent on salaries alone. And the amount shown under other expenses section was `56.56 lakh.The association, however, has not painted a rosy picture in the 2014-15 budget.last_img