Legislative Assembly for the ACT: 2003 Week 7 Hansard (26 June) . . Page.. 2678..
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Tuggeranong Community Arts Association
(Question No 715)
Mr Cornwell asked the Minister for Arts and Heritage, upon notice:
In relation to Tuggeranong Community Arts Incorporated's 2002 Annual Report (given that Tuggeranong Community Arts Association is in receipt of significant government funding).
(1) Can an explanation be given as to why the Association's 'Receivables' increased from $27,093 in 2001 to $186,391 in 2002 (page 32 of 2002 Annual Report - Statement of Financial Position), an increase of almost 700%;
(2) Can an explanation be given as to the factors that have caused the Association's 'Cash assets' to decrease from $105,628 as at 31 December 2001 to $27,267 as at 31 December 2002 (page 32 of 2002 Annual Report - Statement of Financial Position), a decrease of around 400%.
Mr Wood: The answer to both the member's questions is as follows:
The Tuggeranong Community Arts Association Inc is an independent organisation that is responsible for its own Annual Report. The organisation is an incorporated association under the ACT Associations Incorporation Act 1991. This legislation requires the Association to lodge annual returns, including audited statement of its accounts, to the ACT Registrar Generals Office.
The Association has satisfactorily acquitted its 2002 multiyear funding from the Funding Program. It also generates significant activity beyond the level of ACT Government funding.
I feel certain that this successful arts body would willingly respond to questions arising from its Annual Report.