||Where this information is gathered from within your Financial Audit
||All grants provided to the art centre.
||Includes bank interest, donations, sale of an asset etc. Any income not from sales or grants.
||The art centre’s total income, including total sales (not just the
||Employee wages plus superannuation, workers compensation and any
holiday/long service leave allocations.
||Travel costs: flights, accommodation, disbursements etc.
||Vehicle maintenance, registration and insurance costs.
||Your profit or loss for the year, sometimes shown as
surplus/deficit. Calculated from total
income minus total expenses.
||Total of all expenses other than wages, art materials, travel costs,
vehicle costs and depreciation.
||The art centre’s total expenses (including artist payments, that is, the
||This is not on your audit report.
|This is the baseline income for an individual
in your community and helps to show how important art sales are to people’s
financial wellbeing. |