TREASURERS REPORT Dear Members of the Association, I regret not being personally able to attend the meeting, but

here is the report I would have orally delivered had I been there. Overall, the Association is in good financial health, although there are some worries I have on the horizon. That being said, given how reasonably dicey it looked at some points, I am quite proud of the efforts of the entire Executive to get to the place we are today. In terms of net financial position, we have $990.51 in the bank, which is our yearly operating surplus (it is worth noting that this is not a profit, as we are a not for profit association). As such, it is my recommendation that the Association keep this money to both tide us over for expenses such as liability insurance etc, which are incurred on a yearly basis. My second recommendation is that the Association cut the amount of money it compensates adjudicators for transport costs and research expenses with. This is for two primary reasons: partly because we can afford to not fully reimburse people for the fees they incur as part of being an adjudicator and partly because of concerns that this may create liabilities for payroll tax at the current level. My third recommendation is that the Association slightly increase fees in order to compensate for an expected decrease in the amount of sponsorship we will receive. While QUT and other firms provided much needed financial help this year, it will be difficult to maintain this level of sponsorship both due to the generally deteriorating sponsorship climate and the loss of 2 executive members parents companies. Exactly how this would occur is a matter for the next Executive, but we are too dependent on fluctuating sponsorship money (indeed, except for the late intervention of QUT, we would be $1100 in the red). In terms of achievements this year achieved under my Treasurership: I personally wrote the whole Constitution, which Im proud of having - it entrenches the mission and organisational structure this Association needs. We managed to pay everyone reasonably on time and kept in the black, to which I also thank the President and VP of Sponsorship for their involvement. We also have managed to comply with ATO and Office of Fair Trading requirements, which has been important for the Association. Even though my tenure will officially end while this report is being tabled, I will still virtually stay on to finish the process of finalising the accounts and the audit which Ive had done- I intend to complete proper handover to my successor in about a month, once this process is completed, even though the accounts etc. will be handed over immediately. Finally, sincere thanks to the rest of the Executive for a productive year, we survived! N.B. The accounts are attached. Daniel James Gibbons BComm (UMelb)

BRISBANE GIRLS DEBATING ASSOCIATION ABN 12 301 487 327 BALANCE SHEET YEAR ENDED 30 JUNE 2013 OPENING BALANCE AS OF 5TH NOVEMBER 2012: $0.00
INCOME School Payment Fees Sponsorship TOTAL INCOME LESS EXPENDITURE Bank Charges Bank Interest Insurance Hobbyist fees Food, Beverages, Transport for Final Night Incorporation Fee TOTAL EXPENDITURE NET OPERATING SURPLUS CLOSING BALANCE 70.00 0.50 1315.60 2400.00 394.39 129.00 4309.49 990.51 990.51 $ 2300.00 3000.00 5300.00