| The Centre
continues to maintain financial stability with significant growth this
year through increased Government funding and an expansion in fee for service
activity. The Centre has completed a capital building project this year
with funds provided by the Department of Human Services and through accumulated
reserves. This investment is reflected on the balance sheet with a significant
reduction in cash at bank and a corresponding increase in non current assets.
Financial
statements are prepared on an accruals basis in accordance with Australian
Accounting Standards and other mandatory professional reporting requirements.
The set of Financial Statements includes the Balance Sheet, Statement of
Income and Expenditure, Statement of Cash Flows, Notes to the Accounts,
and the Auditor's Report.
Balance
Sheet
The Consolidated
Balance Sheet shows the movement between current and non current assets.
The net result at 30th June 2000 is an increase in the accumulated surplus
of $18,955 shown under Member's Funds.
Staff numbers
have increased by 15% this year which is reflected in the increased salaries
and the associated on costs including provisions.
Statement
of Income and Expenditure As shown on the Statement, the total income for
this financial year is $469,929 higher than in 1998/99. This figure includes
an increase in program funds of $391,192 and $78,737 obtained through interest
on investments and one off grants and donations. Additional funds were
provided by the Department of Human Services for the Home Care and Financial
Counselling programs.
The other
significant area of increased funding of $150,178 is through additional
fee for service activity, the majority of which is provided through home
and community care services. |
