ACT Financial Update

The API ACT continues to operate on a strong financial base, with its principal revenue sourced from memberships and CPD events

Expenses remain relatively static:

As at the end of September 2014, year to date (YTD) income was $187,275, with a budgeted full year income of $218,315. The YTD expenses were $145,269, with a budgeted full year expense of $214,183. As at September 2014, income was $4,849 below budget and expenses were $22,367 below budget.

A slight end of financial year surplus is expected.