SACBCI 2018 AGM Minutes and Audited Financial Statements

Hi Everyone,

Our apologies for the delay in sending the following:

At the time of the AGM the 2017/2018 Financial Statements were being audited, therefore our 2017/2018 Financial performance was presented.  We were advised post AGM there had been a number of book keeping errors which required significant revision before being accepted for re-auditing.  The errors were resolved and accepted with the revised 2017/2018 Financial Statements be resubmitted for auditing.

The revised 2017/2018 Financial Statements were audited and accepted by the Council Executive (16th February 2019) resulting in a loss of ($10,694.83).  This loss is attributed to incorrect bookkeeping errors related to inventory that was received and not recorded and as a result was written down ($18,164.85) as well as a number of other small book keeping errors.  Originally it was reported at the AGM we had made a surplus of $6000.

As this was a long process and occurred during our busiest time we have been in a position to send the minutes and audited financials until now.

More than happy to discuss.

Regards

Julie




Comments

Comment Guidelines: The SportsTG Network is made up of players, families and passionate sports followers like you who have a strong opinion about sport. That's great - we want you to have your say and share your thoughts with the world. However, we have a few rules that you must follow to keep it fun for all. Please don't be rude, abusive, swear or vilify others. Apart from some pretty serious sport sanctions, we also can ban you and report you if things get out of hand. So play fair and have fun, and thanks for your contribution.

Major Sponsor - SportsCentre

Basketball Australia News

Association Links - Navbar