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Published byLisa Walsh Modified over 9 years ago
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Financial Update – 2012 results and 2013 Projections Paul Evans Treasurer, iNADO
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Key Financial Facts 2012 INCOME: $185K 22 paid up members Membership income $78k WADA grant $107k 97% income target
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Key Financial Facts 2012 EXPENDITURE Budgeted expenditure $166K Actual expenditure $117k Spent 70%
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Key Financial Facts 2012 EXPENDITURE
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Key Financial Facts 2012 SURPLUS AT END 2012 Budgeted surplus $24K Actual surplus $68K Reserves target: 6 months worth operating activities 43% so far
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2013 Projections/ results to date INCOME BUDGET $330k Target of 40 members, with income target $170K So far 35 members, $187K WADA Grant $160K
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2013 Projections/ results to date BUDGETED EXPENDITURE $316,700
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Cash Position
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Cash at 31 December 2012 = $155k WADA Grant = $160K MEMBERSHIP INCOME = $187k LESS ADVANCED GRANT/INCOME = $80k TOTAL CASH = $422k BUDGETED SPEND & 2012 PAYABLES = $330k EXCESS OF CASH OVER SPEND = $92k
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Draft Financial Statements 2012
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STATEMENT OF COMPREHENSIVE INCOME
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STATEMENT OF FINANCIAL POSITION
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