1. Financial Report 10/11 and Budget 11/12
MUBC AGM
Financial Report 10/11 and Budget 11/12

2. Financial Reports 10/12 MUBC Financial Structure:
Two sets of accounts – MUBC and Uni of Melb
Different financial years:
Uni Melb – Calendar year
MUBC – Financial year

7. Consolidate Position
MUBC position consolidate between Uni of Melb and MUBC accounts.
Difficult to consolidate with two sets of accounts over 2 separate reporting years.
Consolidate Position which is a better represents than our Balance sheet.

8. Future Direction Support MUBC Coaching structure Fleet maintenance
Provide accommodation and travel expense to support coaches
Honorarium payments to ancillary coaches
Training Expenses for MUBC employees
Fleet maintenance
Better maintenance of Fleet
Enable
Club House
New bay racking and workshop fit out.
Spare/Tools
Audit fees

9. Budget 2011/2012

15. Notes
2 Club Vehicle lease termination with large balloon payment 2013/ $44K
Regatta Float System - $10k currently held for members.

16. Question