2024 was a fairly uneventful year as far as the Association’s finances are concerned. The main income and expenditure related to the AGM and membership with no other abnormal items.
AGM / reunion
A total of 41 members and guests attended the Annual Meeting and lunch at the RACV Club on 20th April, similar to the previous two years.
The cost for the 2024 AGM was $4116 which works out to $98 per head. This year, the cost has increased to a minimum of $105 per head. Over the years, the Association has subsidised the cost of the AGM, and for this year the committee decided to keep the out-of-pocket cost to members and guests unchanged at $60 and $65. Looking forward to 2026 and future events, we need to review the amount we can afford to subsidise. This may involve an increase in the cost borne by attendees and/or a change to a lower cost venue.
Subscriptions & donations
Membership of the Association is stable at 101 members, with 83 being financial at 31/12/2024. Following our policy, members who have not paid subscriptions for two years will be removed from the membership roll. Subscriptions allow the Association to continue to maintain our website, subsidise the AGM lunch, produce Take Post and cover most of our other operating expenses. $50 membership received by EFT from Mirtlef Pty Ltd on 26/4/24 could not be attributed to a particular member as there was no name on the transaction.
Prepared by: Ian Campbell, Treasurer March 2025
