Attached is the proposed budget for the 2019-2020 fiscal year.  The proposed budget is in the right had column.  The left column is the income and expenses accrued to date in this fiscal year.

The proposed budget will be submitted to the members for their approval or rejection at the general meeting on Thursday the 10^th.

I have also attached the financial statements for the prior fiscal year that ended on June 30.  Again the budgeted amounts for the last fiscal  year is in the right hand column and the actual income and expenses are in the left hand column.  As you can see we ended up with a net income of $1,626 for the last fiscal year. If you compare last fiscals year’s budget with the proposed budget for this year you will see that our budget remains essentially the same from year to year with the major differences being related to bus and hut trips income and expenses.

Max Shepherd

Treasurer.