Community Benefit Statement
Name of approved Venue: MOONEE VALLEY RACING CLUB
Address of approved venue: CORNER WILSON & THOMAS STREET MOONEE PONDS VIC 3039
Venue operator: MOONEE VALLEY RACING CLUB INC
Licence number: V9780055
Financial year ended 30 June 2014

CLASS OF CLAIM AND CATEGORY WITHIN CLASS Amount of revenue applied
CLASS A: Venue operators may claim up to 100 percent of revenue applied to a Class A purpose or activity.
Class A (a).  Donations, gifts and sponsorship (including cash, goods and services) to another person resident in Victoria, not including to the club itself, for the purpose or activities set out below.
(i) any educational purpose; $0
(ii) the provision of health services or care; $0
(iii) services for the prevention and treatment of problem gambling and drug and alcohol addictions; $0
(iv) housing assistance for disadvantaged persons; $0
(v) the relief of poverty; $0
(vi) the provision of services and assistance for the aged; $0
(vii) the provision of services and assistance for young people; $0
(viii) the protection and preservation of the environment; $0
(ix) the provision of assistance to relieve distress caused by natural or other disasters; $0
(x) the provision of advice, support and services to ex-service personnel, their carers and families; $0
(xi) any other philanthropic or benevolent purpose; $14,688
(xii) any sporting or recreational purpose, excluding any club that holds a venue operator’s licence. $0
Class A (b). The cost of providing and maintaining sporting facilities for use by club members. $5,161,765
Class A (c). The cost of any subsidy for the provision of goods and services but excluding alcohol. $31,491
Class A (d). Voluntary services provided by members and/or staff of the club to another person in the community, in fulfilment of Class A(a)(i)-(xii) above. $0
Class A (e). Advice, support and services provided by the RSL (Victorian Branch) to ex-service personnel, their carers and families. $0
CLASS A – TOTAL $5,207,944
CLASS B: Venue operators may claim an amount equal to the proportion of the club’s non-gaming revenue to its total revenue for Class B.
Non-Gaming Revenue proportion % 0
Class B (a). Capital expenditure. $1,068,129
Class B (b). Financing Costs (including principal and interest). $0
Class B (c). Retained earnings accumulated during the year. $0
Class B (d). The provision of buildings, plant or equipment over $10,000 per item excluding gaming equipment or the gaming machine area of the venue. $0
Class B (e). Operating costs. $36,749,239
CLASS B – TOTAL $37,817,368
CLASS C: Venue operators may claim up to 100 percent of revenue applied to a Class C purpose or activity.
Class C (a). The provision of responsible gambling measures and activities but excluding those required by law. $0
Class C (b). Reimbursement of expenses reasonably incurred by volunteers. $0
Class C (c). CBS preparation and auditing expenses to a maximum of $3,000. $1,750
CLASS C – TOTAL $1,750
CBS TOTAL (CLASS A + B + C) $43,027,062


I, Michael John Browell, certify that:
1. The claims are consistent with the Ministerial Order made on 28 June 2012.
2. The following information is accurate for the financial year:
  a) The percentage (if any) of the venue’s gaming revenue applied to community purposes or activities under Classes A, B and C.
b) The value of any non-financial contribution to community purposes (e.g. voluntary work) by, or on behalf of the venue operator, expressed as a percentage of the venue’s revenue.
c) Any amount payable by a gaming operator under a declaration made by the VGCCC under section 3.6.8(4A) of the Gambling Regulation Act 2003 (the Act), expressed as a percentage of the venue's gaming revenue.
  The amount is
 
less than  
equal to  
greater than  X 
  8 1/3 per cent of the venue’s gaming revenue for that financial year, as the required by section 3.6.2 of the Act.
3. The CBS in relation to MOONEE VALLEY RACING CLUB INC, has been audited by the suitably qualified person of Glenn Carmody of Ernst & Young on 29/09/2014.
I confirm that an independent auditor’s statement dated 26/09/2014 has been received which states that, in the auditor’s opinion, this CBS presents fairly, in accordance with applicable Accounting Standards in Australia, and, is consistent with the auditor’s understanding of sections 3.6.9(2)(a) and (b) and section 3.6.9(3) of the Act, the MOONEE VALLEY RACING CLUB INC,’s compliance with the Act for the financial year ended 30 June 2014.

Declaration to be completed by the venue operator
  I, Michael John Browell, declare that:
1. The information contained in this CBS form is true and correct to the best of my knowledge.
2. I have retained all relevant documentation used in the preparation and auditing of this CBS.
3. I acknowledge that it is an offence to provide false or misleading information.

I understand that by typing my name below, I am deemed to have signed this CBS form.
Michael John Browell, Chief Executive Officer
Community Benefit Statement - Schedules
Class Details Amount
Class A (a). (xi)Donations / Gifts / Sponsorships$14,688
Class A (b).Racecourse preparation and maintenance$5,161,765
Class A (c). Bus Groups - Discount$840
Class A (c). Senior Meals - Discount$30,651
Class B (a).Floor Coverings & Coolroom Alterations$17,666
Class B (a).Internet Domain Name "TheValley.com.au"$9,167
Class B (a).New Furniture - Legends$134,209
Class B (a).Members Kitchen - Wash up Area$16,423
Class B (a).200s/m deck area on main lawn$17,578
Class B (a).compressors in air-conditioning$9,825
Class B (a).Plasma's for CP Marquees$26,677
Class B (a).Uni-directional turnstiles for members enclosure$42,133
Class B (a).Sink & Display Unit - Members Bistro$9,666
Class B (a).Virtual Host Expansion$12,653
Class B (a).Customer Relationship Management Project$157,373
Class B (a).Desktop Replacement Program$38,144
Class B (a).New Website - "thevalley.com.au"$13,382
Class B (a).Software Licensing - (office/windows)$17,374
Class B (a).Dutch Canopy Awnings$17,830
Class B (a).Great Plains Upgrade$12,579
Class B (a).Air condition Units Racecourse$43,403
Class B (a).Tulloch Bar Refurbishment$58,471
Class B (a).Sand Mixer$9,450
Class B (a).InnTouch loyalty kiosk$11,901
Class B (a).Mixing Unit & Grill$29,201
Class B (a).UPS IT Infrastructure$19,814
Class B (a).Gallery females toilets$90,657
Class B (a).Internet content filter$17,996
Class B (a).Asphalt 540 s/m of main lawn$65,420
Class B (a).Water Tanker$59,460
Class B (a).SAN Expansion - IT$18,087
Class B (a).Doc Matrix Cloud Document Management$10,852
Class B (a).4 HD Digital camera$22,199
Class B (a).Extend Legends lane by 35m - racecourse functions$58,539
Class B (e).Catering Cost of Goods Sold$3,113,780
Class B (e).Cleaning$580,450
Class B (e).Supplies$8,006
Class B (e).Rates and taxes$39,661
Class B (e).Occupancy services$227
Class B (e).Prizemoney & Other Payments & Subsidies$18,808,875
Class B (e).Meeting Expenses - Racing$74,956
Class B (e).Advertising and Promotions$1,494,039
Class B (e).Consumables$226,487
Class B (e).General occupancy$52
Class B (e).Race Books$145,591
Class B (e).Meeting Expenses - Catering$375,783
Class B (e).Room and Event Set-up$187,808
Class B (e).Meeting Expenses - Marketing$2,707
Class B (e).Motor Vehicle$48,855
Class B (e).Sponsorship$60,498
Class B (e).Merchandise$2,747
Class B (e).Contractors$74,099
Class B (e).Security$401,330
Class B (e).Utilities$165,352
Class B (e).Insurance$147,999
Class B (e).Travel and Accommodation$50,173
Class B (e).Repairs and Maintenance$202,582
Class B (e).Salary and wages$7,706,485
Class B (e).Telephone and Communication$152,025
Class B (e).Bank Fees$100,462
Class B (e).Photocopying$69,236
Class B (e).Printing and Stationery$236,001
Class B (e).Entertainment$632,165
Class B (e).Equipment Hire$790,350
Class B (e).Computer and Website$113,556
Class B (e).Commissions and Discounts$626
Class B (e).Staff Costs$97,372
Class B (e).Meeting Expenses - Operations$55,041
Class B (e).Administration$202,303
Class B (e).Postage and Courier$154,538
Class B (e).Consultancy$227,022
Class C (c).Audit Expenses - E&Y$1,750


 
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Audit Letter_CBS.pdf