Financial Reports
Financial Report (Year Ending 2021)
Income and Expenditure Analysis from 2021
- Our income from membership fees in 2021: $3780
- Our largest expenditure item was the ACCS website: $4620
- Spending on professional development resources are categorised as:
- Speakers: $3910.50
- Catering and venue hire: $2432.83
- Misc: $43.65
- Our calendar year of 2021 ended with a balance: $1,834
Balance Sheet Forecasting (2023 - 2025)
The Exec committee aims to further increase our financial reserves over the next three years.
This will be achieved by:
- Reducing expenditure and increasing capital by adhering to a budget in 2022 - 2025
- Increasing the annual membership fee to help meet the increasing resource costs and rebuild strong financial reserves. This fee increase will be aligned with the Capital Price Index (CPI).
2022 Budget
|
Item |
Budget Limit per Qtr/Term |
Budget Limit per YEAR |
|
Speaker |
$800 |
$3200 |
|
Catering |
$250 |
$1000 |
|
Gifts |
Nil |
Nil |
|
|
TOTAL |
$4200 |
These strategies will help ensure ACCS is financially secure to deliver our mission moving forward. Strong reserves will enable ACCS to continue investing in our new website, delivering quality professional development to its members, and be sustainable as a member-based organisation. Strong reserves will also allow us to respond to emerging priorities as we adapt to working withing the context of Covid.