Finance Report
It is my privilege to present the treasurers report for Maccabi Victoria (“Mac Vic”) for the financial year ended 30 June 2025. I will provide an overview of Mac Vic financial status over the period which will give a clear financial picture to the members.
Overall, Mac Vic made a small loss for the year. While this was not where we want to be there were still some improvements over the corresponding 12 months. Income was up due to the following: (i) donations (ii) sponsorship (iii) the Grand Final Breakfast and (iv) the growing Maccabi aquatics distribution which has continued to be an excellent revenue source. Once again, we are delighted to receive funding and support from our Maccabi Foundation.
The cash balance at the end of the financial year has fallen year on year however at $109,169 this still ensures that we have the sufficient liquidity to meet our obligations going forward.
As in previous years the All-Abilities Program and the Henry Jolson Pathways Program are included in the Mac Vic Financial Statements. All programs are funded primarily through grants from the Maccabi Foundation, private donors and State Government grants. We sincerely thank the generous supporters who donate to make these programs possible.
I would like to thank Nicole Postan from Postan Miller and Associates for her and her teams’ services in relation to the audit of the financial statements.
Once again, the treasurer has received remarkable support from Ruth Clare (Finance Manager) and Shari Cohen (General Manager).
In my first year as Treasurer, I would like to thank the many generous donors who with their support we can make a difference to the many sporting pursuits that our community participates in. Finally, I would like to thank Sharon and Dean and the rest of the board for giving me an opportunity to contribute.
James Joseph – Treasurer, Maccabi Victoria
