Meeting: 2020 AGM/Treasurer's Report

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Revision as of 06:41, 13 September 2020 by Steven Crossin (talk | contribs) (→‎Non-operational expenses: add detail)

The attached financial statements will be submitted to Consumer Affairs Victoria and Australian Charities and Not-for-profits Commission as part of our annual information statement.

The association held assets of $99,554.72 at 30 June 2020, on a cash basis.

Current balance

As of 12 September 2020, there is $90,126.39 in the Westpac account, $450.00 in our debit card account and $405.10 in the PayPal account.

Income

WMAU received a total of $81,139.35 revenue for the 2019-20 financial year.

Membership dues

$490.65 in membership dues was received.

Donations

$3114.54 of donations was received during 2019-20.

Bank interest

$67.02 received.

Simple APG

$76,272.89 was received in two grants from the Wikimedia Foundation, one for our 2019-20 Simple APG plan of $37,125 and the other for our 2020-21 plan of $39,147.89

Expenditure

Ongoing operational expenses

Xero & Accounting

Xero continues to be our method of accounting and costs us $50 per month. This year, we also engaged an external resource to assist us in reviewing our accounting practices and providing suggestions and assistance on improvements, and this was at a cost of $800.

Webhosting

Our website hosting is currently provided by Linode at a cost of US$20 per month.

Public Liability Insurance

$952.88 through AON.

PO Box

$201.00 at Australia Post in Bennettswood

Fees

Westpac

No bank fees

PayPal

PayPal fees for 2019-20 financial year was $116.76

Non-operational expenses

This year, we recategorised some of our expenses, based on recommendations we received from our consulting accountant, which is more in line with our Simple APG. The breakdown is below.

  • Community Engagement: $741.01
  • F2F Committee Meeting: $3,378.36
  • GLAM Outreach: $9,160.53
  • Volunteer Support Program: $1,252.73
  • Wiki Loves Earth: $106.23
  • Wiki Loves Monuments: $616.64
  • Wiki Loves Science: $148.96
  • WikiCite: $1,485.09
  • WikiClub Q: $112.63
  • WikiClubWest: $370.45
  • WikiClubs ACT/NSW: $100.37
  • WikiClubs NT/SA: $100.37
  • WikiClubs TAS/VIC: $100.37
  • Wikimania: $3,448.89
  • Other operating expenses, which are detailed above: $2,874.92

Concluding remarks

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