VICE PRESIDENT FINANCE James Zhao February 2016 COUNCIL FEB-16
Finance Portfolio Sponsorship Officer – Andreena Kardamis Marketing Officer – Grace Norris Risk Officer – Stefanie Fraser Developing risk policies, ensuring compliance of risk policy; and regularly reviewing and updating any policy documents related to the operations of the Company. Alumni & Scholarship Officer – Unappointed
Executive Summary Achievements Insurance 1) Public Liability Insurance 2) Associations Liability insurance; and 3) Personal Accident insurance. Monthly Financial Reports Registered for ABN Registered for GST Implemented Accounting Software Xero Items for the next few months Obtain tax exempt status, register as a charity, and get deductible gift recipient status. Create proposal and by-law as to how the surplus should be spent. Transfer all remaining balance from the old ALSA bank accounts to the new.
Profit and Loss Statement
Balance Sheet
Budget (Expenses) Expense Forecast 15/16Actual 14/15 O-week -2,738 VP Education2,500 Mental Health Video -1,000 Wellbeing Guide -1,040 NEC Prize -1,000 VP Administration500 Alumni2,5000 Risk Management Iniative -9,350 Scholarship3,0002,850 Marketing4,0000 Sponsorships5000 Administration2,0001,796 Equity Grant4,5005,860 Insurance6,0003,722 Bad Debt Write-off -1,500 Misc6500 Asia Conf5,0003,023 NZ Conf3,0003,496 NZ Conf Back Payment -2,177 Conference ,000 Conference ,081 Conference 2014 back payment -1,345 Council14,00016,893 Planning Weekend -1,527 Total Expenses60,15071,398
Budget (Revenue & Net Profit) Revenue Affiliation Fees14,50015,000 Copyright -7,540 Sponsorships45,00042,400 Conference ,217 Council Profits -160 Interest Donation -500 Unknown -252 Total Revenue60,15091,717 Total Expenses60,15071,398 Net Profit -20,319
Proposals Reduce Affiliation Fees Reduce Council Costs Lower Registration Fees for All Council Members Reduce Conference Costs Lower Registration Fees for Conference Increase Conference Events Increase Reserves Increase Equity Grants and/or Scholarships
Questions?