At last Tuesday's council meeting, Dane Manzie sparked heated debate when he pointed to the club's debts and expected losses revealed in its long-awaited master plan received by Monash Council last month.

Cr Manzie said the club was predicting a $67,000 loss for the next two years on top of an accrued debt of $62,000.

He said the club's financial security was guaranteed by "three individuals", but that type of dependence was "unsustainable".

"If the club depends on the input of funds from individuals, I find that club is unsustainable."

In their master plan, the Cannons submitted a $674,00 wish list of future upgrades of its home ground, with a pledge to contribute $119,000, including $60,000 in donated steelworks.

But Cr Manzie said he'd try to ensure the council didn't fund the potential projects.

After the meeting, he said the club had contributed little to recent council-funded projects. "If the club doesn't come to the party, we should say they're not going to have funding."

The master plan was demanded by the council after approving a series of grants for the Cannons, including $200,000 for a $550,000 grandstand opened in March and $38,000 allocated last December to lengthen Jack Edwards Reserve's soccer field.

Last month, the Cannons received $50,000 for a lighting upgrade, sparking a review of the council's no-funding policy on sportsground lights.

Monash chief executive officer David Conran told the council the Cannons' plan was a preliminary plan, which was subject to Football Federation Victoria finalising its requirements for each club.

He said the plan contained "uncertainties", and a full plan wasn't expected until next year.

Oakleigh Ward councillor Stephen Dimopoulos said the club's financial issues were minor. He said the club had contributed enormously to the community for 25 years, drawing crowds of up to 5000.

The Cannons did not respond before deadline.