TREASURER'S REPORT-  KRISTIAN KOSTOV

The club is in a strong financial position. Total income for FY2023 was $61,731, the club had net earnings of $15,140.

With respect to the balance sheet, the club had  total shareholders’ equity of $372,166 and bank balances of $302,348.

The club has public liability insurance as part of its affiliation with Tennis Victoria. The policy protects the tennis club’s legal liability for personal injury and property damage.

Please note that council did not invoice the club for rent since FY2020 hence the club paid rent for FYs 2021, 2022 and 2023.

Please refer to the financial reports in appendix 1.