ACT financial update

The API ACT continues to operate on a strong financial base.

FINANCIALS API (ACT) DIVISION AS AT JUNE 2015

Actual Income $274,901
Budgeted Income $196,189
Actual Expenses $180,719
Budgeted Expenses $140,311
Forecast Net Surplus for EOFY year based actual and current revised projections $55,548
Budgeted Net Surplus for EOFY $22061
Variance of Forecast Net Surplus for EOFY $33487


Fees from administering the Asbestos Taskforce boosted net income position. This has offset a slight downturn in budgeted membership income. Additional expenses due to Asbestos Taskforce administrative costs.