FSC surplus drops

While it turned in a surplus of more than $200,000 last year, it only had a surplus of $68,506 in the most recent financial year.

Member subscriptions provided $1.315 million in the year, up from $1.08 million last year, and conference and event income leapt from $65,188 to $483,615.

But conference and events expenses also jumped ten-fold from $58,471 to $519,656.

Chairman Rob Flannagan said the drop in surplus was largely due to increasing capability and delivering new projects in support of the members.