[wellylug] Very Important: Meeting of 13th Feb 2005

[Mark Foster]

On Wed, 15 Feb 2006, David Murray wrote:

> On Wed, 15 Feb 2006, Michael Bordignon wrote:
>
>> Mark Foster wrote:
>> 
>>> How much does it cost to engage an auditor to audit the yearly accounts?
>> 
>> As far as I'm aware one of the few obligations as such is to send the IRD 
>> an Annual Financial Statement, which can be created in something like MYOB. 
>> I may be wrong about having to be audited, but it seems unnecessary for a 
>> organisation such as WellyLUG..
>
> My understanding, having been on a few committies over the years, is that all 
> incorporated societies need to submit a statement of accounts annually, and 
> that the accounts need to be supported by a statement from an auditor that 
> says to the effect they are a true and correct record of the organisations 
> finances.
>
> This is not an onerous task.

David,

I'll conceed the point on the cost.  I think from memory the Auditor that 
Papakura Radio Club has designated charges ~$150 to audit the yearly 
books, which would likely be somewhat more complex that the LUGs.

I guess the point I was trying to make - and failing badly - is that there 
_is_ a financial cost, and therefore we'd need to seek membership fees or 
donations from people who attend meetings, or _something_ to cover the 
cost of sundries... which changes the membership dynamic, and may not in 
the end be worth the trouble....

... Ok I think i 'll leave that horse alone for a while.

Mark.