Treasurer’s Report for IT-SIG 2007–2008
Statement of Financial Position
| | 2008 | 2007 |
| Accumulated funds |
| Balance as at 1 July | $2493.13 | $2,106.09 |
| Surplus/(Deficit) of revenue over expenditure | $628.64 | $387.04 |
| TOTAL ACCUMULATED FUNDS | $3121.77 | $2,493.13 |
| Represented by |
| Current Assets |
| Cash at bank | $3121.80 | $2,493.16 |
| Receivable | $0.00 | $0.00 |
| Total Current Assets | $3121.80 | $2,493.16 |
| less: Current Liabilities |
| Accounts payable | $0.00 | $0.00 |
| Total Current liabilities | $0.00 | $0.00 |
| Total current assets less current liabilities | $3121.80 | $2,493.16 |
Statement of Financial Performance
| | 2008 | 2007 |
| Revenue |
| LIANZA grant | $943.40 | $979.00 |
| Bank fee refund | $0.00 | $0.00 |
| Interest | $4.00 | $3.11 |
| GST refunds from LIANZA | $18.76 | $81.20 |
| TOTAL REVENUE | $966.16 | $1,063.31 |
| Expenditure |
| LIANZA sponsorship | $0.00 | 0.00 |
| VALA sponsorship | $0.00 | 0.00 |
| Digiweb wiki setup/hosting | $337.52 | $337.52 |
| Digiweb file restore | $0.00 | $0.00 |
| Audioconference charges | $0.00 | $338.72 |
| Bank charges | $0.00 | $0.00 |
| TOTAL EXPENDITURE | $337.52 | $676.27 |
| Surplus/(Deficit) of income over expenditure | $628.64 | $387.04 |
Comments
- The balance at bank of 3121.80 reflects a continuing healthy level of membership but some thought needs to be given to how some of this money should be spent.
- The grant from LIANZA is at a steady level but still not as much as the $1413.31 of 2003.
- No sponsorships were granted in the current financial year.
- There were no audioconferences and money was saved. Can we conference online next year?
- The above Profit and Loss Account and Balance sheet were sent to Anna O’Keeffe at LIANZA at the end of July.
John Laurie, Treasurer
[Treasurer’s Report for IT-SIG 2007–2008]
