VICE PRESIDENT FINANCE James Zhao February 2016 COUNCIL FEB-16

Executive Summary Achievements  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 Profit & Loss Statement - through period MTDYTD Revenue Affiliation Fees - - Sponsorships - - Copyright - - Conf Council / Conference Profits - - Unknown Donation - - Interest Total Revenue Expense Administration - - Scholarship - - Equity Grant Insurance - - O-week - - Asia Conf - 3, Conf , Conf , Council Misc Total Expenses - 12, Net Profit for period ,581.10

Balance Sheet Balance Sheet - as at period end Bank Accounts Everyday Account 89, Deposit Bearing 0.11 Equity Trust Fund Emergency Reserve 29, Alumni Scholarships Trust Fund Total Bank Accounts 120, Other Assets Accounts ReceivableSponsor - Affiliation Fees - Conf Conf Total Other Assets - Liabilities Accounts Payable- 1, Total Other Assets - 1, Net Assets 119, Net Profit for period - 11, Retained Earnings 130, Total Equity 119,266.87

Budget Profit & Loss Statement - Year to date ActualForecastVariance Revenue Affiliation Fees - 14,500 15,000 Copyright ,540 Sponsorships - 45,000 42,400 Conference ,217 Council Profits Interest Donation Unknown Total Revenue ,150 59,487 91,717 Expense President O-week ,738 VP Education 2,500 Mental Health Video ,000 Wellbeing Guide ,040 NEC Prize ,000 Conf - Education Design Academic Journal Careers Guide TJMF VP Administration 500 ALSA Awards VP Finance Alumni - 2,500 0 Risk Management Iniative ,350 Scholarship - 3,000 2,850 Marketing - 4,000 0 Sponsorships Central (administered by VPF) Administration - 2,000 1,796 Equity Grant 500 4,500 4,0005,860 Telephone Insurance - 6,000 3,722 Amount to be processed Bad Debt Write-off ,500 Misc Unknown Conferences Asia Conf 3,682 5,000 1,3183,023 NZ Conf - 3,000 3,496 NZ Conf Back Payment ,177 Conference ,000 12,000 7,000 Conference , ,54712,081 Conference 2014 back payment ,345 Council ,000 13,19016,893 Planning Weekend ,527 Total Expenses 12,244 60,150 47,906 71,398 Net Profit- 11, ,581 20,319

Proposals  Reduce Affiliation Fees  Reduce Council Costs  Increase Reimbursement of Committee Members  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

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