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<strong>ACEM</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2011</strong><br />
INCOME AND EXPENDITURE<br />
ACCOUNT for the year ended 30 June <strong>2011</strong><br />
60 <strong>2011</strong><br />
INCOME<br />
<strong>2011</strong><br />
$<br />
2010<br />
$<br />
Fellows annual and entrance fees 1,352,963 1,304,172<br />
Reimbursement of secretarial<br />
services<br />
255,476 281,579<br />
Exam fees received 1,501,704 1,393,939<br />
Trainee annual & entrance Fees 1,654,056 1,435,294<br />
Sundry subscriptions & fees 81,789 52,287<br />
Continuing professional<br />
development levy (non-fellows)<br />
57,127 27,403<br />
DOHA Project income 145,569 -<br />
Project Grant surplus 104,545 -<br />
Conference surplus 47,112 109,138<br />
Surplus on sale of non-current<br />
assets<br />
122 -<br />
Gross surplus from trading - 559<br />
OTHER INCOME<br />
5,200,463 4,604,371<br />
Investment Trusts Distributions<br />
Received<br />
113,625 133,926<br />
Interest received 305,566 132,753<br />
419,191 266,679<br />
5,619,654 4,871,050<br />
EXPENDITURE<br />
Access Block Summit 2008 (11,000) 832<br />
Accountancy fees 20,500 14,400<br />
Accreditation expenses 59,256 50,313<br />
ACME Course development 15,131 2,675<br />
<strong>Annual</strong> leave 21,890 27,716<br />
Amortisation 76,775 95,141<br />
Auditor’s remuneration 13,000 11,500<br />
Awards, gifts and memorabilia 10,676 1,323<br />
Bad debts 12,062 -<br />
Bank merchant charges 40,915 54,780<br />
Bank charges 4,918 2,436<br />
BOE expenses 63,521 59,386<br />
Cleaning 10,723 10,975<br />
Computer software support 111,055 71,341<br />
College committee expenditure 275,182 154,620<br />
Council expenses 49,110 50,102<br />
Conferences 9,194 6,795<br />
Consultancy fees 2,431 47,621<br />
Consultants - Web & Print 36,230 33,152<br />
$<br />
2010<br />
$<br />
Depreciation 209,881 155,151<br />
DEMT expenditure 72,269 70,803<br />
DOHA Project expenses 145,569 -<br />
Donations 2,000 550<br />
Doubtful debts 1,260 6,870<br />
Electricity 20,337 16,577<br />
Exam expenses - Primary 302,376 241,455<br />
Exam expenses - Fellowship 226,643 239,420<br />
Faculty expenses 35,158 26,002<br />
Fellowship entry interview 6,889 7,511<br />
Filing fees 990 145<br />
Freight 4,757 2,999<br />
General expenses 19,231 19,104<br />
Insurance 32,140 32,761<br />
IFEM expenses 26,201 36,885<br />
International Development Fund - 20,000<br />
Investment advice 21,631 17,631<br />
Journal<br />
Emergency Medicine Australasia<br />
5,122 6,683<br />
Legal costs 37,769 10,285<br />
Long service leave provided 16,768 (5,575)<br />
Defi cit on disposal of non-current<br />
assets<br />
58,226 110,493<br />
Media – monitoring 14,090 13,202<br />
Media – publicity 21,449 26,326<br />
Meeting expenses 37,149 24,857<br />
John Gilroy Potts - Memorial<br />
Award paid<br />
1,500 2,550<br />
Offi ce expenses 1,737 1,140<br />
Printing, postage & stationery 64,445 281,468<br />
Rates 1,538 1,386<br />
Repairs & maintenance 25,694 17,460<br />
Staff recruitment 60,231 72,833<br />
Subscriptions & memberships 11,330 12,442<br />
Superannuation contributions 108,210 87,195<br />
Telecommunications 28,198 21,169<br />
Wages 1,215,468 981,354<br />
Staff benefi ts 21,536 6,720<br />
Workcare levy 10,625 12,239<br />
3,689,986 3,273,199<br />
Surplus 1,929,668 1,597,851<br />
This account is to be read in conjunction with the attached<br />
Accountants’ <strong>Report</strong>.
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