2. FINANCE COMMITTEE

CHAIR: Rachelle Williams, Chair and Finance Director until March 2019, currently vacant

2.1.  2018-19 GOALS

GOAL 1. Ensure GST is paid as required for 2018/19.

GOAL 2. Implement Xero as our accounting package by August 2018.

GOAL 3. New Finance Director to manage invoicing, payments, reconciling accounts, and presenting monthly and annual finance reports by 31 December 2018.

GOAL 4. Establish suitable key performance indicators (KPIs) for the Board and FSIC by Planning Day 2019.

2.2.  REPORT

At the end of the 2018-19 Financial Year the Food Safety Information Council had a net profit of $4,117.64 having met all its liabilities. The total equity in our bank accounts at 30 June 2019 was $60,285.76 which includes $20,000 kept aside to cover any costs should we ever need to wind up the organisation.

GST for 2018/19 was submitted to the ATO in July 2019 and a refund received. Due to complexities in establishing AusKey access to the ATO payment systems our 2017/18 GST return for $69 was submitted late in June 2019 however penalties were waived.

The Xero accounting package has been implemented and volunteers trained. This has considerably sped up our invoicing and financial reporting system.

We are currently seeking a new Finance Director.

We recognise that our work is supported not only by cash sponsorship but the pro bono contributions in time and expertise of our supporters which is worth many thousands of dollars. The Board and members of the FSIC want to sincerely thank and acknowledge the following sponsors and supporters for their generous support both financially and in other ways. FSIC recognises that without this support the organisation would not have been able to spread the food safety message this year.

 

 

OrganisationSponsorship
South Australia Health

Food Standards Australia New Zealand

Tasmania Dept of Health and Human Services

Queensland Health

•     $6,000 towards Omnipoll consumer research about Listeria knowledge

•     $5,000 towards Australian Food Safety Week radio spots including indigenous radio (paid June 2018)

•     $1,000 towards Australian Food Safety Week evaluation

 

•     $10,000 in 2017-18 towards TV spot and YouTube video which was also run in 2018-19

Australian Chicken Meat Federation•     $3,000 in 2017-18 towards YouTube video which was also run in 2018-19
Tonic Health Media•     running video pro bono (value approximately $12,000)
Cater Care•     infographic and design work
FSANZ•     media monitoring
FSIC Ltd

CSIRO

 

 

 

•     members pro bono contribution

•     providing teleconference facilities for our monthly Board meetings, Annual General Meeting, Special General Meeting, and the Nomination Committee Interviews

•     providing the venue, catering and teleconference facilities for our Annual Planning Day

2.3.  2019-20 GOALS

GOAL 1.  New Finance Director to manage invoicing, payments, reconciling accounts, and presenting monthly and annual finance reports by 30 June 2020.

GOAL 2. Establish suitable key performance indicators (KPIs) for the Board and FSIC by Planning Day 2020

 

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