Treasurer’s report – “As per Raelene McBride’s report”

“We have a bank balance of $144,016.13 as of the 30

$26,300.00 finally for the wirelessing and cabling we approved quite a few months ago.

I have also paid the extra superannuation that had to be paid due to the wrong box being ticked in the

MYOB accounting system we use. The amount ended up being $1,621.67 for the six month period it was

wrong.

The tuckshop are adapting to the register although are still having some “teething problems”. I am going to

contact Ken Liddell from Cross Office Choice to go through the “Read” procedures and the workings of the

register so that I have a better idea when I do the total read for the end of the month. I have been keeping

track of the differences banked to the amount of the read and over the month we have an “overage” banked

of $420.45 to the register read which is better that a shortage. Some days it has been up to $30 short and

then some days over by $100. I know they are pushed for time but the idea of a register is to get a better

idea of what is taken over the counter is what is being banked. After talking to Ken I will then sit down

with Sue & Natalie to see if we can get a closer reading. I have also yet to get in contact with the auditor to

see what I need to do in the case of the register being out. I have told Sue that if they are having a “bad

day” and they know that they are going to be out, to write an explanation on the strip.”

At the last meeting we passed that we would put $60,000 into a term deposit for three months. When I

went in to ask a few questions the interest we would earn is only 3.25% which I believe is hardly

worthwhile doing. Leanne from the Commonwealth Bank looked into better options and suggested an

account that we can earn 7.15% monthly with no fees. Funds can be accessed when we need them. I have

set up this account but have not transferred the money until I get the okay to do so.

The Tuckshop has made a profit of $3,227.38 for the month and a total of $11,739.06 for the year so far.

The Uniform Shop made a profit of $570.55 and a total profit of $6,157.35 for the year so far.

Fundraising raised $4,915.50 from the Cent Sale last month. Well done Linda & Lisa and all those that

helped in any way.

“I would like to have the accounts that were paid in May which were $17,268.49 be ratified”

Accounts were ratified.