2019 Financial Statement

STATEMENT OF INCOME AND EXPENDITURE FOR YEAR ENDED 31 DECEMBER 2019, PRECEDING CALENDAR YEARS AND ESTIMATED BUDGET FOR 2020

Reporting period 2014 2015 2016 2017 2018 2019 2020 (Budget)
Income
ARC Income* 2,943,492 2,996,205 3,047,140 3,092,847 3,139,239 3,198,884 3,256,462
Node/University Contributions
The University of Melbourne 526,400 377,013 365,699 388,242 288,470 337,011 337,011
Queensland University of Technology 159,336 476,006 315,580 355,555 332,428 332,464 332,463
The University of Queensland 98,280 100,479 100,479 107,084 103,072 98,707 106,105
The University of Adelaide 47,870 98,110 101,948 109,173 103,072 187,057 106,105
The University of New South Wales 60,227 59,251 30,802 109,013 106,094 106,099 106,105
University of Technology Sydney - 147,636 299,949 - 196,234 106,105 106,105
Monash University^ - - - 29,839 205,268 106,105 106,105
Other Income - 75,000 17,817 23,678 93,234 112,241 -
Total Income 3,835,605 4,329,700 4,279,414 4,215,431 4,567,111 4,584,673 4,456,461
Expenditure
Salaries 226,747 1,816,017 2,599,067 2,662,505 3,555,085 3,745,935 4,070,282
PhD Stipend Top Ups & Scholarships# 4,790 80,703 106,321 241,250 239,922 244,293 173,274
Travel, Accommodation and Conferences 53,417 317,124 345,015 491,682 670,191 624,676 591,241
Consultants, Materials and Provisions 109,324 37,907 17,727 - - 80,430 54,500
Scholarships - 59,100 82,400 - - - -
Marketing and Outreach and Sponsorship 6,007 96,965 42,776 132,440 113,353 16,706 91,000
Sponsorships** - - 129,593 121,123 148,013 184,153 173,500
Equipment 17,974 15,875 18,710 - 12,033 - -
Research Support Schemes - - - - 12,632 119,254 280,000
Strategic Operations - - - 21,448 88,166 91,105 149,500
Operating Expenses/Other 180,643 53,092 48,563 -12,505 28,297 50,434 82,725
Total Expenditure 598,903 2,476,783 3,390,173 3,657,943 4,867,692 5,156,987 5,666,022
Balance 3,236,702 1,852,917 889,242 557,488 -300,580 -572,314 -1,209,561
Six-month ARC/Uni Contribution Carry Forward*** -1,699,382 -159,336 - - - - -
Closing Balance at end of the year 1,537,321 1,693,581 889,242 557,488 -300,581 -572,314 -1,209,561
Previous year carry forward~ - 1,537,321 3,230,902 4,120,144 4,677,632 4,336,895 3,764,581
Adjusted Surplus at end of the year 1,537,321 3,230,902 4,120,144 4,677,632 4,377,051 3,764,581 2,555,020
Six-month ARC/Uni Contribution Carry Forward to 2021^^ 1,699,382 1,858,718 1,858,718 1,858,718 1,858,718 1,909,561 1,909,561

* 2020 - ARC Budget as per ARC Funding Summary on RMS Indexation included
^ Monash received 2 x years Uni Contribution payments in 2018
# Scholarships reported with Stipends from 2017
** Sponsorships reported separately from 2016
*** Six-month carry forward to final year due to July 2014 start. Funds from the ARC, UoM, UNSW and UQ were received in 2014, and from QUT in 2015
~ 2019 - Adjusted carry forward from 2018 including UNSW Uni Contribution received in 2014 but returned in 2016, amended CFW from 2018 at QUT and UOM
^^ 2019 - Six-month carry forward to final year due to July 2014 start. Funds from the ARC, UoM, UQ were received in 2014, from QUT in 2015 and from UoA in 2019, less from UNSW returned in 2016.

In-Kind Report 2019
The University of Melbourne $1,248,626
Queensland University of Technology $1,697,857
The University of Adelaide $533,158
The University of New South Wales $436,074
The University of Queensland $324,900
University of Technology Sydney $534,637
Monash University $538,246
ACEMS members from other universities/institutions $121,892
Australian Bureau of Statistics (ABS) $114,214
Australian Institute of Marine Science (AIMS) $400,738
Sax Institute $6,428
Commonwealth Scientific and Industrial Research Organistaion (CSIRO) $18,203
Roads Corporation of Victoria (VicRoads) $25,850
AT&T Labs $1,256
Total $6,002,079