VAC posts surplus

The Victorian AIDS Council/Gay Men’s Health Centre posted a combined $119,989 surplus for the last financial year, up from $35,750 the year before.

The result was announced at its annual general meeting on October 23.

Individually, the Victorian AIDS Council posted a $121,988 surplus (up from $40,291 the year before) and the Gay Men’s Health Centre reported a loss of $1999 (compared with a $4541 downturn the year before).

Almost 80 percent of the combined organisations’ income comes from Victorian Department of Health grants.

A further 10 percent comes from fees received and 5 percent from donations.

VAC/GMHC treasurer Greg Carter told the meeting 54 percent of expenditure goes on salaries.

He said 16 percent is spent on operating expenses, 10 percent on advertising and 7 percent on consultancy fees.

The organisation also handed out its annual awards. Academic and former VAC vice president Dennis Altman, comedians Judith Lucy and Denise Scott and longtime community volunteer Paul Stokes received life memberships.