2016 – 17 Financial Report

Your elected representatives, the Branch Committee of Management, met last night to finalise VAHPA’s audited annual financial report for the year ending 30 June 2017. The Committee is happy to report that our numbers look good right across the board.

Our surplus for the financial year was $190,419. This sees our equity position improve from $462,440 to $652,859 in just 12 months. Our revenue base, from Members Contributions, has also increased significantly over the years, from $1,300,722 at 30 June 2013 to $2,336,473 at 30 June 2017. We have increased our staffing contingent from 11.4 EFT in 2016 to 14.6 EFT in 2017. And, our membership is up by just under 200 over the past 12 months, from 4272 to 4451.

“I am incredibly proud of these numbers and of what we have achieved more broadly over the past 5 years,” said VAHPA President, Cheryl O’Connor.

“Right from the outset we had a set of objectives that we saw as being essential pillars of a good union. And, I am thrilled to be able to report that we have hit the mark in each of the priority areas: financial stability, transparency, good democratic practice and industrial strength,” said O’Connor.

As a Branch of a Registered Organisation, VAHPA has an array of legislated compliance obligations as well as specific obligations under accounting standards and the Rules of the HSU. The financial audit, including the complicated process underpinning it, is both mandatory and essential to financial transparency.

VAHPA encourages all members to take the time to properly examine the report. You will of course need your personal login and password to access your member portal where you can view the report.

Every single VAHPA member has an obligation to make sure that the union is open, democratic, financially responsible, politically active and industrially effective. This is an important part of being a member of the VAHPA community.