RHRS Inc long term financial plan:

• To raise funds by various means sufficient to cover year to year maintenance and management costs plus a provision towards non-annual but expected future costs.
• To maintain a balance at the end of a year of operation of one year’s forward ongoing management costs excluding provisions set aside for longer term maintenance.
• To fund new capital works or enhancements at the Railway Station site from grants, specific donations or fundraising in excess of that required for normal maintenance.

The financial progress of RHRSInc over the year 2015-16 has fulfilled our goals and fundraising activities have been successful in maintaining a sound financial position.

In broad figures the financial statement can be summarised:

• Net income from general fundraising and donations was around $9,200, with a further $1,000 from other sources (memberships, interest and tax refund).
• Ongoing maintenance and management outgo was about $8,000, which was slightly above budgeted costs.
• Capital projects this year were the addition of the windbreak walls to the Fettlers Shed Annexe and commencement of the concrete cancer remediation project. Contributions were also made to extension of the Junior model railway. A Southern Phones Grant funded the first and the second is being funded by a Transport Heritage Grant, with unexpended grant funds of around $8,000 retained in net assets.
• The net surplus for the year was thus around $2,000.

Anne Wilson
RHRS Inc Treasurer

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