Healthy balance

The Bays Community Group released its financial report on Thursday, February 23.

The group recorded a surplus of $578.65 for the year.

Income for the year was $80,451.13 made up of grants totalling $51,000, a private donation of $10,000 and income from activities.

Expenditure was $79,872.48 which included hall repairs and improvements of $65,742, rates, insurances and utilities of $3,019.30 leaving a carry forward balance of $5 323.76.

The Bays group has a term deposit held on behalf of the History Group of $5500 and has commenced a special building and maintenance fund which has a current balance of $941.27 to provide for ongoing maintenance of the hall.

Newsletter, 23 Feb 2012 Greg McMullen, Bays Community Group