Burnley manager Sean Dyche admitted to enjoying the celebrations after winning the Championship title.
The Clarets have won two promotions in three years, which Dyche called a "win-win" for the town.
Burnley fans are gathering outside the town hall for the club's Championship title parade.
Burnley's players will take an open top bus from the Town Hall to Turf Moor after clinching the Championship title at the weeknd,
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The bitter pill of being relegated from the Premier League for Burnley has been sweetened with the news that the club has made a record profit thanks to their year in English football's top division.
The Clarets have reported a net profit of £30.14m during the financial year ending June 2015.
Burnley are currently sat top of the Championship and are on course to make an immediate return to the Premier League this season.
Here's the full statement from the club,
"Burnley Football Club made a record £30.14m net profit during their Premier League season in the financial year ending June, 2015.
The figure reverses a £7.6m pre-tax loss reported in the previous 12 months, earned during promotion to the top flight.
The accounts also do not include the sale of Danny Ings to Liverpool, for which a compensation fee is yet to be determined.
In a statement to shareholders, Chairman Mike Garlick said: “I’m sure you will all agree that the 2014/15 season was one where we showed great spirit and commitment, both on and off the pitch, and despite our eventual relegation, as a club, we gained a great deal of respect and admiration throughout the football world.
“A net profit of £30.1m is not only the biggest recorded by the club, but also one of the highest in the Premier League as a whole.
“In times of boom and bust for many clubs in the world of football we continue to be regarded by many as a role model of how to run a club in the modern era.”
Mr Garlick added: “It is worth noting that although these financial figures indicate that we now have a large sum of money in the bank, this isn’t the case.
“Decisions were taken early in the season to clear all the clubs external and internal debts, as people will remember that last time we were promoted we did have around £10m of debt, both in terms of external creditors and directors.
“They have been paid off, as have the Turf Moor Bond holders and, of course, the ground buy-back.
“We also committed to stadium improvements, such as the offices and new Clarets Store, as well as redeveloping our training ground at a cost of around £10m, in order to bring us in line with other clubs in both the Championship and Premier League and help to attract the best possible playing talent to the club, whatever their age group.
“Most of the development work will be completed by early 2017, and was long overdue, but lack of funds always previously prevented us from completing these projects.
“If you add all that up, the combined cost of eliminating all debt, plus the new developments is approximately £20m pounds.”
The latest accounts show a turnover of £78.77m, a £59.14m increase compared with 2013/14, due to the club’s Premier League status.
This includes a substantial rise in television rights, as well as increases in match income, catering sales, retail sales and other commercial activities.
All directors’ loans and external loans were repaid in full."
Burnley FC is to host another prostate cancer blood testing event, a year after a similar event that helped to save two lives.
Last year, Burnley became the first Premier League club to host such an event, which saw 273 men undertake the simple prostate-specific antigen (PSA) blood test.
As a result, 29 men were advised to see their GPs and two found to be extremely serious, ultimately leading to life-saving treatment.
This year’s screening programme will take place in the James Hargreaves Stand, between 10am and 1pm on Saturday, 13th February.
The club is subsidising the £40 private treatment cost of the blood testing day, which will cost £5 to anyone who turns up on the day.
Prostate Cancer is the most common form of male cancer, affecting one in eight men. The test is recommended for men over the age of 50, or over 45 if there is a history of cancer in the family.
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As if Saturday's Championship showdown between Lancashire rivals Burnley and Preston wasn't big enough, for Michael and Will Keane there's even more incentive to secure the bragging rights.
Michael plays for Burnley, while his twin brother Will plays for Preston. As David Chisnall has been finding out the sibling rivalry stretches beyond football.
New Burnley signing Joey Barton claims the Clarets can become Premier League regulars.
Joey Barton has said he's 'humbled and proud' after signing a one-year contract to join Burnley.Read the full story ›
Championship side Burnley have announced that they've signed Joey Barton.
Barton, who spent 5 years at Manchester City between 2002 and 2007, has agreed to a one year deal with the Clarets.
Burnley manager Sean Dyche said on the club's website “I’m delighted that we have Joey on board. He was very respectful when speaking about our club at the end of last season and during the summer."