Treasurer’s Report
I’m pleased to share the Treasurer’s Report for AMaGA Victoria, covering the 12-month period ending 31 December 2024.
We commenced 2024 with healthy reserves and cash flow, which were closely monitored by the Branch Committee throughout the year. I'm pleased to report that the organisation concluded the year in a robust financial position.
FINANCE COMMENTARY
The financial statements for the reporting period indicate a surplus of $12,591. This was largely due to savings in program costs and staffing, high engagement with of our on-demand and event offerings, and further implementation of efficiencies in core administration costs.
Our grant income for the year was $601,763, which was $305,160 less than the previous year due to the conclusion of special project funding. Our total expenses for the year were $705,057, which was $232,217 less than the previous year.
As at 31 December 2024, our members' equity was $208,742, which is up $12,591 from 2023. Our end of 2024 cash position was strong at $463,706, which is slightly down from our cash-on-hand balance of $484,842 in 2023. Full financial statements can be accessed below.
With the ongoing support of our members and stakeholders, we remain well-placed to continue our work championing museums and galleries across Victoria, and to navigate any future uncertainties.
I extend sincere thanks to Finance Manager Tammy Currie, Executive Director Ash Robertson, incoming President Anthony Camm, outgoing President Andrew Hiskens, and all members of the Branch Committee for their invaluable contributions throughout the year.
SIOBHAN BARKER
Treasurer
