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Treasurer's Report (2022-23)
Treasurer's Report (2022-23)
This fiscal year we had an operative surplus of ARS 21.515.266 versus last year, when we had an operative deficit of ARS 12.537.718, adjusted by inflation to comparable values.
The reasons for this surplus are
Donations and contributions exceeded the previous year in ARS 10.649.233
Events exceeded the previous year in ARS 5.491.519
Results of the sale of properties (Legacies/Donations) increased the surplus in ARS 13.581.428.
The net worth of the entity remains robust at ARS 200.682.222,14.28% higher than the previous year.
The administrative expenses represent 25,6% of the total revenue.
I wish to thank all the donors, sponsors, volunteers, staff, districts, honorary professionals, and Community members in providing the support required to carry out the necessary changes to convert the ABCC in a modern organization in these challenging times.
Robert Cox, ABCC Honorary Treasurer
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