Palmerston Annual Report 2012 - Palmerston Girls Academy

Part D:AdministrationIncome and expenditure statement 1 January 2012 to 1 December 2012Australian Association for the Development of Role Models& Leaders Inc T/A Palmerston Girls Academy, NTIncome and Expenses ReportFor the period 1 January 2012 to 31 December 2012Budget for 1 January to31 December 2012$Total$Difference$INCOME (GST excl.)Source of fundsDEEWR Fund $ 257,000 $ 257,000 $ -Palmerston High School Contributions $ 197,000 $ 197,000 $ -Private Sector Sponsorship $ 171,000 $ 129,623 $ (41,377)TOTAL INCOME $ 625,000 $ 583,623 $ (41,377)EXPENDITURE (GST excl.)Salaries $ 207,333 $ 319,591 $ 112,258Contingencies $ 153,833 $ 105,258 $ (48,575)Administration $ 137,167 $ 134,093 $ (3,074)Equipment $ 53,667 $ 28,527 $ (25,140)Total Expenditures $ 552,000 $ 587,469 $ 35,469TOTAL EXPENDITURE $ 552,000 $ 587,469 $ 35,469SURPLUS / (DEFICIT) $ 73,000 $ (3,847) $ (76,847)©RM&LA Palmerston Girls Academy Annual Report: December 2012 pg 23