Monday, December 13, 2010

Carenne Support now earning $150,000 a year, bank balance shrunk

In July, Carenne Gate asked why the Department of Education and Training was representing a contractor with $95,000 in the bank. Carenne Gate can now report that in just a year, Carenne Support's bank balance shrunk by around $23,000.

According to Carenne Support's financial documents for the year to 30 June 2010, Carenne Support's receipts rose by around $15,000 to $150,866. Despite this amount incoming, Carenne Support's expenses also rose by $35,000.

Carenne Support also spent far less on "plant and equipment" than in 2009.

Its bank balance for the financial year shrunk by $23,000 to $74,766, the lowest it has been for the past three financial years.