The Estevan Bruins had a surplus in the 2012-13 fiscal year, but it wasn't as impressive as what they experienced previously.
Financial statements released at the annual general meeting on October 15 showed $11,476 in net income for 2012-13, compared to $201,075 the year before.
"We'd obviously like to see a year where we're making a little more than $11,000, but $200,000 is not what we're expecting," said treasurer Cory Prokop.
Revenues increased from $920,775 to $987,304, even though the regular season revenues dropped from $356,254 to $283,693. Season ticket sales, game day ticket sales and 50/50 sales were down in the regular season.
"The year before was an exceptional year from a revenue standpoint with the opening of Spectra Place, and our season tickets were up that year," said Prokop.
The lost regular season revenue was offset by a slight increase in post-season money, and the team's fundraising efforts. The 2012 Sportsman's Dinner, which generated about $110,000 in revenue, was included in the 2012-13 financial statements.
But expenses soared to about $976,000, compared with approximately $820,000 from the year before.
Salaries and benefits experienced one of the biggest increases, as the club hired a second person to work in their office. They also had to give a three-month severance package to former head coach/GM Keith Cassidy, who was fired in March.
There were some other one-time expenses, such as the purchase of an enormous inflatable bear head that has been used at the front entrance to the Leisure Centre on game nights. Travel expenses also increased due to the cost of bringing more out-of-province players to Estevan.
Prokop said there were some accounting changes for this past fiscal year, too.
"Certainly there will be a little more attention with the expense side of the operation," he said.
Prokop, Chad Saxon, Brian Skjonsby, Randy Bye and Brent Sauter are returning to the executive for this season. Brant Kersey is, at this time, the lone new member. There is one vacancy.
Jeff Pierson, who served as president for several years, has stated that he won't be back as president this season. If needed, he would return to the executive to fill the vacant spot.
A decision has yet to be made on who will be the president for this season.