Member Nigel Williams (5327) has requested the following General Business for the AGM.
“I would like 2023, 2024 and 2025 figures for total Administration cost added so members can see what the increase was between 2023, 2024 to 2025.
The 2026 is just a budget or (educated guess) so of no real value in this case.”
Response: Below are the total Administration expenses as per the respective audited accounts within the annual reports.
|
2023 |
2024 |
2025 |
2026 (Budget) |
|
$531,662 |
$643,159 |
$816,122 |
$723,456 |
The 2026 budget is based on many known figures and contracts. The budget development starts with the wages set out in the individual contracts. Payroll taxes as set out by government legislation are then added as is superannuation – again in line with legislation. The sum of these elements forms the budget for Administration wages and associated costs. In addition, the budget includes a mid-year cost of living increase for all personnel. There is no guesswork involved for the wages element and many other costs.
The year-to-year cost increases were published in the 2024 and 2025 reports along with explanations for some significant variations to budget.
In 2026 our budget, as explained above, is based on actual headcount and wages. However we will not incur additional contract wages as we did in 2024 and 2025.
Matt Espie
General Manager
27 February 2026
