The audited accounts for the year are provided in the Annual Report. In summary we recorded a surplus of $2243 and carried forward a balance of $6915.
Changes in our banking arrangements during the year reduced bank fees and improved interest receipts – a turnaround of nearly $200 compared with last year.
Income of $6017 in 2008 was up by less than 1% (when last year’s Cartoon Exhibition is excluded from the comparison). Most of our income is from membership fees ($4790). New membership receipts were about the same as last year; renewals were up by nearly 50%. Donations were down by about 25%.
Expenditure at $3774 in 2008 was up by about 13% (when last year’s Cartoon Exhibition is excluded from the comparison). The expenditure figure is not a measure of the effort and impact of CLA as it takes no account of non-monetary factors such as the unpaid time and resources contributed by many members, whose commitment is absolutely central to the success of CLA.