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Killarney Sports and Leisure Centre has deficit of €1.8 million

Jul 8, 2021 13:07 By radiokerrynews
Killarney Sports and Leisure Centre has deficit of €1.8 million Killarney Sports and Leisure Centre has deficit of €1.8 million
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Killarney Sports and Leisure Centre has a deficit of almost €1.8 million.

The figure was given to Independent Councillor Brendan Cronin who asked about the financial status of the centre at the monthly meeting of Killarney Municipal District.

The meeting heard that the most recently available financial statements show Killarney Sports and Leisure Centre at an operating loss of just over €73,000 (€73,251) for 2019.

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The centre had a cumulative revenue deficit of €1,782,450 at the end of 2019.

Last year, Kerry County Council paid €130,000 to the centre to help cover operating costs; the council also owes almost €270,000 (€266,668) on a loan for building the centre.

Killarney MD Manager, Angela McAllen, who is also on the board of the centre, said the council is closely monitoring and managing the finances of the centre, which has availed of all Government COVID-19 supports.

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The HSE is also paying to use the centre as a vaccination hub.

Ms McAllen told Cllr Cronin there are structures in place to erode the considerable deficit which will take some years to clear.

Cllr Brendan Cronin says the key is to make the Killarney Sports and Leisure Centre self sufficient and not in need of council support to cover operating costs:

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