The Dauphin Kings reported a profit of more than $30,000 at its annual general meeting, Monday at the Parkland Recreation Complex Aspen Lodge.

The Kings reported revenues of $702,120, with the fund-raising being the largest contributor, with the team fund-raising $261,239.

There was also $175,326 in ticket sales and $132,252 in sponsorships, as well as $55,527 from game night revenue, $39,413 from other revenue and $38,363 from travel fees.

Salaries and benefits in the amount of $190,863 was the largest expense the team reported, with the overall total coming in at $671,942, giving the club an overall profit of $30,678 and net assets of $153,597.

Kings president Ashley Shaw said the club could not have done it without the help of the sponsors, support from the community and fans.

“And everyone who came out to support the Dauphin Kings. It’s very exciting that we’re able to have no debt and then also still be able to put some away, as well,” she said.

It is also a testament to the work the board of directors has put in to not only eliminate the team’s debt, but to put money in the bank.

“A great group of board members. I couldn’t ask for better people to sit on the board with. But also past board members, right? They also put a lot of time and effort into making sure that the fund-raisers are in place and we’re on the right path. So kudos to them, as well, for making this happen in our organization,” she said.

Lindsey Kyle stepped down from the board of directors, but she will still be around to help where needed.

New to the board are Christian Laughland, who returns to the Kings as governor, as well as Cam Abrey and Erin Sigvaldason.

Shaw was pleased to see more people stepping up to serve on the board.

“Lindsey has been a huge part of this organization, but she’s not fully stepping away. She’ll still help a little bit on the sidelines with some things,” she said. “But it’s really great to have some new faces come and join the team. And these are three phenomenal people that I think will bring a lot to our board.”

During the meeting, it was announced the Kings had signed head coach and general manager Doug Hedley to a new one-year contract.

Shaw said it was important to get Hedley under contract for next season.

“We’re very happy that we were able to do that,” Shaw said.

“I know he’s excited, we’re excited for the team that he’s going to have this coming fall. So we’re very happy that he’ll be with us for the next season.”

Shaw said the team will revisit Hedley’s contract situation at some point in the fall to possibly talk about an extension.