TREASURER’S REPORT 2022-23
In the absence of our Treasurer, Joe Gunning, I am pleased to report that the Association’s finances remain robust with 2022-23 returning a small surplus of $734 and bank balances totalling $65,756 as at 30 June.
The accounts passed audit. My thanks go to Paul Scollen for once again auditing the books.
Our revenue from weekly competitions and subscriptions was boosted by generous support from the Tradies Club and through in kind contributions from The Lakes Club. We thank and acknowledge them for their support.
The Committee made a conscious decision to ensure the 50th Anniversary of the Association was both marked and enjoyed by members. The associated expenditure was $3807. Some additional, one off, expenditure was also incurred in adopting MiScore.
The Association does not face any significant liabilities. At year end $2,005 in unclaimed prize vouchers was its only financial liability.
2023/24 revenue will benefit from higher interest rates accruing on bank deposits.
FINANCIAL YEAR ENDING 30 JUNE 2023