Treasurer’s Report – (Wendy Hillman) Audited Financial Year Accounts New Preparation Procedures of Annual Audit Report Accounting and Reporting procedures
Presentation of Audited Financial Year Accounts The audited accounts of the association for the financial year, 2008-2009 have been circulated to members of the Executive and the Association. The auditors were Geraghty Accountants (formerly known as: E.J. Sinclair and Co) of Brisbane.
Auditor’s letter ‘…the accounts of the Australian Sociological Association, are properly drawn up in accordance with the provisions of the Association Incorporation Act (A.CT.) 1991, so as to present fairly the financial position of the Association as at June 30, 2009 and are in accordance with Statements of Accounting Concepts and Australian Accounting Standards’.
The Student Awards and Assistance Funds TASA maintains a separate account for these activities. Reserves of $39 389.75 from the previous year were increased $612.30 by donations and interest. The reserves now stand at $40,002.05.
TASA Main Accounts: Net Surplus/Deficit Surplus/Deficit (at June 30, 2008) is down on previous year. Decrease of $100,153.94
Operations Accounts Main income is from membership subscriptions and royalty payments Total income - $118,447.40 Total expenditure - $218,601.34
Additional Note on CAL payments 2006 2007 2008 2009 Mar 4 519.78 April 2 530.50 6,304.16 July 30 079.81 June 27 378.02 Oct 8 983.38 3 206.82 794.98 Total $8 983.38 $37 806.41 $30 703.50 Total (ytd) We may well expect more income in the 2009 calendar year.
Membership fee adjustment The constitution allows the executive to increase the membership fees each year in line with CPI increases for that year. The CPI for 2008-2009 was 1.5%
Current Fee Structure Membership Category 1 Year 2 Year 3 Year 0 to $24,999 50 n/a $25,000 - $54,999 125 243 358 $55,000 - $99,999 230 448 660 $100,000+ 280 546 805 Contributing membership 278 537 795
Proposed Fee Structure 2010 Membership Category 1 Year 2 Year 3 Year 0 to $24,999 50 n/a $25,000 - $54,999 127 252 363 $55,000 - $99,999 233 455 670 $100,000+ 284 554 817 Contributing membership 282 545 807