The Battlefords North Stars ended up posting a loss for the last fiscal year, according to numbers presented at their 2018 annual general meeting Monday.
According to the financial statement presented at the meeting at the Gold Eagle Lodge, net income was in the red to the tune of $49,097 to May 31, 2018.
That is down from a profit of $9,768 for the period up to May 31, 2017.
Expenses were $582,323 and total revenues were $509,071. The good news was that the hockey club was helped considerably by another solid playoff run, which brought in revenues of $24,154.
The North Stars made the league semifinals in 2018, with the revenue from those home games cutting down the final deficit for the year.
Game day and season ticket sales declined somewhat, as did revenues from the annual agricultural project. According to team president Shandon Reichert, there was a good return of $54,145 from the wheat crop last year.
There were high hopes expressed for an improved showing from the ag project this coming year. This year’s crop will be canola, and Reichert said that if prices hold and it’s a good crop, the hope is it would bring in $100,000 this year.
The team recently announced the hiring of new head coach and general manager in Brayden Klimosko. The club was still on the lookout for a new trainer and a new assistant coach as of Monday.
