Corps Finances

In the past we've endeavoured to always be transparent with details about our Corps Finances. This is a continued intention.

You would be pleased to hear that following our end of year wrap up, we can report a surplus of $44,341.91 for our Corps (Seacombe centre) in 2010-2011. This is a massive turnaround on previous years and allows us to be able to continue working towards our stratgic plan and building repairs.

At the same time this year we reduced our Corps loan to under $500,000 for the first time. This means that we have paid off 3/4 of our building costs in some way in just the first 10 years we have been here.

It's not all rosy, just yet, however. Our Glenelg cost centre is running very close to the wire and unless we pick up some extra shop sales, we may need to consider cross funding (i.e. our Seacombe account pays for some Glenelg activities) or approaching the Division to return onto Mission Support Funding (previously known as 'deficit' funding). This year is the first year in many that Glenelg has not been on deficit and we would like to keep it that way, however, it remains an option unless we can generate some more funds.

If you have any questions about our finances, please speak directly to Brad or Iris.