Tipp board must slash costs as finances in ‘precarious’ state

Tipperary GAA officials have been told by independent auditors that their finances are in a “precarious” state.

The stark warning was issued on the same night that county board secretary Tim Floyd revealed a substantial bill for under-declared VAT has been settled. A VAT audit of the Tipperary GAA shop at Lár Na Páirce in Thurles concluded that charges totalling €56,713 was made up of €40,000 VAT and the rest in penalties, were in order.

Audited figures presented to Tuesday night’s special board meeting, convened to discuss the current financial crisis, confirmed a deficit of €244,390 for the 2012 financial year.