The Sri Lanka Cricket Board (SLC) has saved 2 billion in 2019 financial Year against a budget forecast of 2.7 billion deficit, Cricket Age Exclusively learns.
Last Year, the financial statement of SLC had forecasted a negative balance of 2.7 billion. That Budget Forecast was approved by then Competent Authority Kamal Padmasiri, as there was no functioning Cricket Board at the Maitland Place at that time. However, against the forecast, Shammi Silva led administration at SLC recorded a net loss of 677,810,860 for the entire year.
Cricket Age has the access of the SLC Financial Statement documents for the year 2019, that reads:
“The Current Executive Committee, which was elected on 21 February 2019 wishes to highlight that for the entire year of 2019 a net loss of Rs. 677,819,860 has been recorded against a budget loss of Rs. 2,709,606,299 as estimated at the beginning of the year, approved by then Sports Minister Faizer Mustapha appointed Competent Authority Kamal.”
The Financial Statement, which shows the loss of approximately 700 Million against budget forecast of approximately 2.7 Billion has been approved by Board treasurer Lasantha Wickramsingha.
“When we took over in March last year, we reviewed the budget and planned the expenditures accordingly” a top SLC administrator told Cricket Age.
Since Shammi Silva’s led administration arrival in March last year, the SLC has focused on renovation of the majority of Cricket Grounds and allocating funds to the Provincial and District associations for the same.
“We setup a Dormitory at Khetteramama, established the Women’s Cricket Centre at P Sara Oval, increased tournament participation fee for stakeholders and established U15 and U17 national pools. At the same time, many overseas tours of national team and Emerging, U19 and A teams also took place last year. After all these, saving approximately 2 Billion against the budget forecast of 2.7 billion is a testimony of fund management” the top official added further.