THE Lautoka Football Association recorded a net loss of $8,468 for its financial year ending December 31, 2011.
This is major reduction from the $121,115 loss recorded in 2010.
Last year's total income recorded was $194,819. Much of this was derived from the players release fees which totalled $72,800. Lautoka's gate taking dropped from $100,895 in 2010 to $53,288 last year.
The total income in 2010 was $415,455. Last year's expenses totalled $203,287 compared to $532,570 in 2010.
Much of last year's expenses went for the players release and welfare which totalled $54,920.
The LFA's total accumulated deficit stands at $192,345.
The financial account was passed during the annual congress at the Sugarcane Growers Council hall yesterday.
Fiji community police commander western Faaiyaz Ali was appointed as the vice president. Nitin Vikash was appointed as the treasurer while Satendra Philip and Hanif Sahib were appointed as the new life members.
LFA vice president Sudesh Singh urged the club delegates to support the Blues team during the meeting.
He said the clubs were the backbone of LFA.
"Many people turn away when their team is losing," Singh said.
"This should not happen. People must have the heart for their team and must support them in any situation. Through unity the team will always get stronger. We have a big season ahead with the Fiji FACT in Lautoka. We will try and pay off the debts accumulated over the years through fundraising drives."
A minutes silence was held in respect of the late Nicholas Rounds and Bobby Smith.
Both players represented the Blues as goalkeepers.