NZCS $34,000 in red after revenue slump

Gross operating revenues declined, while some expenses, notably for staff and management costs, rose markedly during the year

The New Zealand Computer Society is $33,757 in the red.

The society turned in a net loss of $33,757 for the calendar year 2006 — an amount almost equal to its $33,467 surplus of the previous year.

Gross operating revenues declined by almost $30,000, while some expenses, notably for staff and management costs, rose markedly during the year. Much hard work has since been undertaken to improve the society’s finances, said NZCS president Richard Donaldson, speaking at the society’s recent Annual General Meeting, which was held in Wellington on June 29.

“However, [we have] … a long way to go before we can say we have achieved a healthy financial position,” Donaldson said.

Nevertheless he projects the society will break even next year. National office and branch banking facilities have been consolidated and this should result in closer monitoring of finances, he said.

Another hot topic, amalgamation with the new umbrella industry group ICTNZ, was only briefly discussed at the AGM. A decision was made earlier in the year to back out of discussions concerning amalgamation. The possibility of joining ICTNZ, as well as alternatives, is presently being considered by an internal working group, headed by NZCS’s Wellington branch head Don Robertson. However, doubts were expressed at the AGM over the effort needed to push the matter forward.

“It can’t all be done by volunteers,” said consultant Alick Wilson. Donaldson said he was disappointed expected government funding to a single industry organisation had not yet eventuated.

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