Raith Rovers chairman Turnbull Hutton insists he will not waste the extra cash set to be generated by league reconstruction.
The Scottish Premier League and Scottish Football League will be merged under one body following a successful vote of lower-league clubs last week.
Among the details of the plan are play-off places for the top-flight and a fairer share of cash throughout Scotland's 42 senior clubs.
But Stark's Park chief Hutton insists he will keep the purse strings tight after vowing he will not allow boss Grant Murray to engage in "profligate" spending on players.
In a statement published on the club's official website, Hutton said: "At long last, [we] seem to have a consensus view on governance, financial distribution, play-offs, and a pyramid system. This, in the opinion of the RRFC Board, is significant progress and it should be applauded and supported throughout Scottish football generally.
"On its own, however, this will deliver nothing unless the fans get behind their respective teams. Attendances are generally down for many clubs. We know all about the recession, alternative attractions, the cost of supporting your team - we hear the complaints about all-seater stadiums, the weather, the players.
"Yet we find ourselves a good, established First Division Club with a reputation for doing things well. We continue to get the club on a firm financial basis. There will be no profligate spending resulting from any improved financial redistribution.
"Grant and the management team will operate within their given budget, every cost at Stark's Park will continue to be monitored closely. We have no fat cats in Kirkcaldy!
"We will continue to rely on the combined contributions and input from the board down, our staff, the supporters organisations, our sponsors and, of course, our fan base who we depend on to make our budget numbers stack up."
The Rovers chairman claims the Fife outfit are in good shape financially, with their situation helped by two meetings with SPL champions Celtic in the Scottish Communities League Cup and William Hill Scottish Cup.
However, he admits losses were still made but is hopeful of a brighter future.
"Last season was successful from an income perspective", said Hutton. "The team's progression in the various cup competitions, resulting in two games with Celtic, made an enormous difference and helped counter losses that would have accrued as a result of our attendances being down against budget. This was a common theme throughout Scottish Football and again underpins the need for all fans to get behind the team.
"Interestingly, the losses we have incurred over the past two years would have been profits had the new financial distribution model now proposed been in play. This merely underpins that our current set-up will be largely maintained - a mix of full-time, part-time and youth.
"We can all identify other things we would ideally like to see, whether that is major development on the Railway Stand, installation of a plastic pitch, video screens or electronic scoreboards - no doubt the list is endless!
"We will not, however, be dragged into additional debt servicing to attain any of the foregoing. This board will remain resolute and focused on establishing and maintaining a manageable cost base going forward."
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