Meeting:2018 AGM/Treasurer's Report
Annual Financial Statements
The attached financial statements will be submitted to Consumer Affairs Victoria as part of our annual information statement.
Current balance
As of 8 October 2018, there is $59,750.01 in the Westpac account, $166.57 in our debit Credit Card account and $556.81 in the PayPal account.
Income
WMAU received a total of $50,672.37 in revenue for the 2017-18 financial year.
Grants
$2,372.86 was paid to WMAU for the Strategy Tour, this grant was applied to by Tom Hogarth. WMAU received $33,725 Simple Annual Plan Grant for the 2018-19 financial year.
Membership dues
$452.69 in membership dues were received during 2017-18, over 55 transactions which was down on 2016-17, eleven of which were new members. Six memberships are currently overdue, with three new memberships currently on-hold until after the AGM, when the membership opens.
Donations
$13,751 in donations was received during 2017-18, which was up from what WMAU received during 2015-16 and 2016-17. $10,000 of that was received by an anonymous donor.
Bank interest
Interest for the 2016-27 financial year was $38.46, slightly down on 2016-17 financial year
Expenditure
Ongoing expenses
Google Apps
Xero
Xero currently it costs WMAU $50 per month and has for sometime.