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 2016

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; $21,928
(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. $4,422,725
Class A (c). The cost of any subsidy for the provision of goods and services but excluding alcohol. $48,882
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 $4,493,535
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. $1,601,669
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. $38,656,766
CLASS B – TOTAL $40,258,435
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. $2,000
CLASS C – TOTAL $2,000
CBS TOTAL (CLASS A + B + C) $44,753,970


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 29/09/2016.
I confirm that an independent auditor’s statement dated 27/09/2016 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 2016.

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$21,928
Class A (b).Consumables$14,276
Class A (b).Telephones$7,811
Class A (b).General occupancy$57,792
Class A (b).Contractors$93,132
Class A (b).Casuals Wages$107,819
Class A (b).Utilities$626,185
Class A (b).Track and Ground Supplies$198,389
Class A (b).Postage$69
Class A (b).Administration$5,269
Class A (b).Rates$811,690
Class A (b).Occupancy services$260,893
Class A (b).Printing & Stationery$134
Class A (b).Permanent Wages$1,771,188
Class A (b).Equipment Hire$5,648
Class A (b).Supplies$47,881
Class A (b).Photocopying$207
Class A (b).Entertainment$5,783
Class A (b).Staff Costs$18,049
Class A (b).Cleaning$62,085
Class A (b).Motor Vehicle$52,649
Class A (b).Repairs and Maintenance$223,143
Class A (b).Security$50,643
Class A (b).Travel and Accommodation$1,990
Class A (c). Bus groups$400
Class A (c). Seniors meals$48,482
Class B (a).New back up solution$29,747
Class B (a).10 x touch screen POS terminals 23 x barcode readers$49,013
Class B (a).2 Hot water units - Kitchen, laundry & Grandstand$9,816
Class B (a).PABX replacement project$9,533
Class B (a).Upgrade virtual infrastructure and SAN capabilities$20,992
Class B (a).UpBeat software upgrade - CRM$14,994
Class B (a).Upgrade server OS to Windows Server 2012$23,402
Class B (a).Office 365 Exchange Migration$20,034
Class B (a).Master Plan - New Track Design$20,296
Class B (a).IT Network upgrades phase 3 & 4$23,452
Class B (a).Food Kiosk Upgrade$12,737
Class B (a).Additional outside rail$14,132
Class B (a).Flags & Fence wrap CP carnival 2015 & 2016$35,677
Class B (a).New Tower at 400m$21,134
Class B (a).IT Network upgrades$21,145
Class B (a).MVRC website phase 2 - CRM Integration$20,137
Class B (a).Trakus installation$569,980
Class B (a).Master Plan$537,268
Class B (a).Hot Boxes x 4$22,843
Class B (a).Updgrade Catering Stores Offices$13,579
Class B (a).POS touch screen terminals$41,763
Class B (a).Fire protection systems to specific generator rooms$12,289
Class B (a).Main kitchen equipment upgrade$44,169
Class B (a).Jockey Bar Carvery section upgrade$13,537
Class B (e).Administration$221,531
Class B (e).Cleaning$812,640
Class B (e).Insurance$139,685
Class B (e).Entertainment$673,686
Class B (e).Consultancy$422,312
Class B (e).Catering COGS$3,012,440
Class B (e).Advertising$1,362,766
Class B (e).Computer$156,346
Class B (e).Assets <$1k$14,276
Class B (e).Contractors$135,289
Class B (e).Bank Fees$123,683
Class B (e).Equipment Hire$712,383
Class B (e).Consumables$228,350
Class B (e).Supplier Commissions$1,831
Class B (e).Casual Wages$3,928,066
Class B (e).Meeting Expenses$603,442
Class B (e).Permanent Wages$4,926,144
Class B (e).Motor Vehicle$2,854
Class B (e).Occupancy services$510
Class B (e).Merchandise$59,142
Class B (e).Postage$95,826
Class B (e).Photocopying$59,953
Class B (e).Interest$9,043
Class B (e).Room Set-up$129,685
Class B (e).Utilities$153,060
Class B (e).Race Books$165,515
Class B (e).Telephone$160,941
Class B (e).Rates and taxes$3,127
Class B (e).Travel and Accommodation$79,273
Class B (e).Returns to Owners$18,165,772
Class B (e).Promotions$881,053
Class B (e).Sponsorship$58,886
Class B (e).Printing$214,062
Class B (e).Security$443,927
Class B (e).Supplies$5,478
Class B (e).Repairs and Maintenance$240,850
Class B (e).Staff Costs$252,939
Class C (c).Preparation & audit$2,000


 
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2016 MVRC CBS Independent Auditors Report.pdf