2. FINANCE COMMITTEE

CHAIR: Rachelle Williams, Chair and Finance Director

2.1.  2017-18 GOALS

GOAL 1. Get a contract CEO subject to funding.

GOAL 2. Board  key performance indicators (KPIs).

2.2.  REPORT

The appointment of a contract CEO has been a priority for the whole FSIC during the year and to date has remained unachieved. It continues to remain the priority for the Board.

Board KPIs have not been undertaken due to lack of resources.

There was a significant GST payment of $3658 made in July 2017 to clear an outstanding tax liability, which had not been paid on the last funding received from the Department of Health and Ageing. This liability is now cleared.

2.3.  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.

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