CHAIRMAN Steve Goode insists Worcester City’s current playing budget is “well below” the £108,980 spent last season.

The figure spent in 2017-18, City’s first in the Midland Football League, went public following the recent annual general meeting (AGM) and provides a total for all wages and expenses across a 40-week playing season.

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The homeless club lost more than £71,000 last season but Goode confirmed measures had been put in place to cut costs prior to four new directors coming on board following then-chairman Anthony Hampson’s resignation on the eve of this season.

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At the AGM, Goode told shareholders that manager John Snape is "under budget every week" with fellow director Dave Wood describing as "very prudent" the current playing budget.

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Wood added that he and other board members are emailed a breakdown of finances on a weekly basis with Goode stating that all player contracts are sanctioned by him following consultation with the directors.

“There was a figure put in place when we arrived and we kept to that but it was well below the one mentioned (from 2017-18),” said Goode, who recently confirmed plans to maintain the current budget for the 2019-20 campaign.

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“I cannot give out exact figures, that would not be right but we are now running the club within its means and trying to break even.

“We won’t break even this season because we came in too late but next season our main ambition will be to do that and we feel very positive that we will.”

Meanwhile, City has announced the follow-up meeting for shareholders to ratify the resolution to enable community ownership will take place on Tuesday, March 26 at Worcestershire Cricket Club (7.30pm).

It will be held in a different part to the AGM, in the View Suite.

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Shareholders voted in favour of changes to a club constitution that had stood for more than 90 years, including handing all unsold shares and a controlling interest to Worcester City Supporters’ Trust.

That special resolution required the backing of 75 per cent or more of the shareholding that voted in a ballot weighted by the number of shares.

Another vote must be held but this time only 50 per cent of the shareholding that votes in person or by proxy is required.