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 2017

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; $87,751
(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. $4,311,374
Class A (c). The cost of any subsidy for the provision of goods and services but excluding alcohol. $0
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 $4,399,125
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. $380,272
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. $14,413,970
CLASS B – TOTAL $14,794,242
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. $904
CLASS C – TOTAL $904
CBS TOTAL (CLASS A + B + C) $19,194,272


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 Brett R Croft of Ernst & Young on 28/09/2017.
I confirm that an independent auditor’s statement dated 28/09/2017 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 2017.

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$87,751
Class A (b).Supplies$38,215
Class A (b).Equipment Hire$5,349
Class A (b).Utilities$614,946
Class A (b).Consumables$12,335
Class A (b).Cleaning$53,707
Class A (b).Administration$3,408
Class A (b).Entertainment$5,353
Class A (b).Contractors$78,010
Class A (b).Postage and Courier$189
Class A (b).Merchandise$447
Class A (b).Permanent Wages - Non COGS$1,557,494
Class A (b).Track and Ground Supplies$176,702
Class A (b).Travel and Accommodation$1,445
Class A (b).Telephone and Communication$6,622
Class A (b).Repairs and Maintenance$193,933
Class A (b).Photocopying$270
Class A (b).Motor Vehicle$51,109
Class A (b).General occupancy$46,840
Class A (b).Casuals Wages - Non COGS$114,106
Class A (b).Printing and Stationery$19
Class A (b).Security$59,766
Class A (b).Rates and taxes$1,037,547
Class A (b).Staff Costs$8,090
Class A (b).Occupancy services$245,470
Class B (a).Modifications to MVRC Wifi$4,965
Class B (a).Airconditioning Unit #3 - Legends$9,760
Class B (a).Master Plan$318,396
Class B (a).New Tower at 400m$8,732
Class B (a).10 Tray Combi Oven$6,864
Class B (a).Combi Oven Legends$5,289
Class B (a).Migrate MVRC Intranet to MS Sharepoint$6,314
Class B (a).Eticketing$3,605
Class B (a).Barcode Readers x 7$6,136
Class B (a).TV for bar menus$4,254
Class B (a).Pedestrian walkway from Northern turnstile to Legends$5,956
Class B (e).Telephone and Communication$61,581
Class B (e).Commissions and Discounts$150
Class B (e).Meeting Expenses - Racing$53,052
Class B (e).Utilities$68,321
Class B (e).Occupancy services$635
Class B (e).Printing and Stationery$79,856
Class B (e).Catering COGS$1,183,632
Class B (e).Computer and Website$64,835
Class B (e).Cleaning$321,395
Class B (e).Promotions$312,990
Class B (e).Consultancy$187,616
Class B (e).Entertainment$231,892
Class B (e).Bank Fees$63,127
Class B (e).Meeting Expenses - Catering$76,378
Class B (e).Meeting Expenses - Audio$4,684
Class B (e).Insurance$103,396
Class B (e).Returns to Owners$6,555,908
Class B (e).Security$180,038
Class B (e).Equipment Hire$253,626
Class B (e).Meeting Expenses - Operations$17,532
Class B (e).Staff Costs$79,708
Class B (e).Permanent Wages COGS$132,672
Class B (e).Contractors$80,629
Class B (e).Travel and Accommodation$17,235
Class B (e).Administration$64,525
Class B (e).Repairs and Maintenance$86,557
Class B (e).Merchandise$28,882
Class B (e).Room and Event Set-up$71,398
Class B (e).Postage and Courier$36,417
Class B (e).Consumables$80,995
Class B (e).Sponsorship$23,907
Class B (e).Photocopying$23,497
Class B (e).Interest$41,771
Class B (e).Advertising$499,519
Class B (e).Motor Vehicle$1,303
Class B (e).Supplies$3,024
Class B (e).Permanent Wages - Non COGS$1,862,754
Class B (e).Casual Wages COGS$1,095,804
Class B (e).Race Books$64,898
Class B (e).Casual Wages - Non COGS$297,833
Class C (c).CBS preparation and auditing expenses$904


 
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2017 MVRC Legends CBS Opinion.pdf