Record development expenditure
Sports Reporter
When the Bangladesh Cricket Board (BCB) holds its Annual General Meeting (AGM) next Tuesday endorsement of the financial matters will be the major issue for discussion. The meeting is likely to be the last under the tenure of BCB president Ali Asghar, who had already expressed his desire to step down once the caretaker government takes over.With cricket not only a sport but also a thriving business, the BCB is now the richest sports body in the country. Which is the reason behind everybody being interested to know about the financial situation of the board. There is no exception this time as the board prepares for the coming AGM. An audit firm has already prepared an auditor's report and audited financial statements for the year ended June 30 to present it on the highest forum of the board but interestingly there was not adequate disclosure regarding the income and expenditure. A councillor will however be able to know the details if he desires and the board and its appointed audit firm is bound to provide all those things. The most important fact in the report is that the board's income for the last fiscal year (2005-06) has decreased in comparison to the previous one (2004-2005). In the last fiscal year the board recorded an income of Tk 416,740,492 whereas the figure was Tk 463,832,843 in the period of 2004-05. General secretary Mahbubul Anam admitted the fact but he also explained the reasons behind the fallout. "It's true that this time the revenue has declined. But you should note that there was a projected income of US 2.5 million dollar expected from the Asia Cup (which did not take place) and I think that is the reason behind this negative fact," Mahbub explained. Among expenditures, the highest Tk 128,832,909 is shown contributed towards cricket development expenses, which is much higher than the previous fiscal year (Tk 77,382,661). Without elaborating Mahbub said that the area of development activities has been increased while chairman of the development committee Khondokar Jamiluddin said that he has to go through all the facts before commenting on the issue. "It would not be wise to comment on the issue without checking everything. But definitely the huge figure is not only because of the development committee's activities. Historically is has been a trend to show a lot of other facets as development activities," said Jamil. There was another issue in the report which will definitely be discussed on the forum as BCB once again showed the cricket complex in Khilgaon as a fixed asset although in October last year the AGM listed the property as development expenditure. Mahbub was also surprised by its inclusion and said that they will definitely look into the issue. "I don't know how it is included as fixed property because the last AGM already showed its as development expenditure of the board," he said.
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