2001 $
2000 $
2. AUDITOR’S REMUNERATION For audit of accounts 4,000 For other services Nil (no other benefits were received by the auditor)
4,000 Nil
The Council members of the Graduate Union of the University of Melbourne Inc have not received and do not receive any remuneration for their services. 51,753 1,983
170,838 Nil
1,000 162,662 ___________
1,000 Nil ___________
217,398 ___________
171,838 ___________
5. PROPERTY, PLANT AND EQUIPMENT (a) Owner-Occupied Properties Nos 210-214 Leicester Street, Carlton Freehold land and buildings at Council’s valuation November 2001 1,950,000 ___________
625,000 ___________
1,950,000 ___________
625,000 ___________
550,000 47,873 ___________
2,600,000 ___________
597,873 ___________
Nos 230-234 Leicester Street, Carlton Freehold land and buildings at Council’s valuation November 2001 1,950,000 Improvements at cost Nil ___________
600,000 1,303 ___________
1,950,000 ___________
601,303 ___________
Nil ___________
(177,625) ___________
6,500,000 ___________
1,646,551 ___________
Nos 216-220 Leicester Street, Carlton and No 233 Bouverie Street, Carlton Freehold land and buildings at contract price (see (f)) 5,150,000 ___________
1,500,000 ___________
5,150,000
1,500,000
Nil ___________
(37,500) ___________
5,150,000 ___________
1,462,500 ___________
11,650,000 ___________
3,109,051 ___________
The Melbourne Graduate,April 2002
294,973 (236,350) ___________
55,253 ___________
58,623 ___________
28,490 (2,671) ___________
Nil Nil ___________
25,819 ___________
Nil ___________
11,731,072 ___________
3,167,674 ___________
(e) Consulting Fees re Re-development The Graduate Union has incurred the following preliminary costs of re-development including consulting fees, legal fees, architects and engineers fees. Incurred to 31 December 1999 capitalised $152,595 Incurred to 31 December 1999 not capitalised 8,086 Incurred to 31 December 2000 124,157 Incurred to 31 December 2001 97,836 ___________ Reimbursed 18 January 2001 Reimbursed 18 December 2001 To be reimbursed by the University of Melbourne
274,453 60,250 47,971 ___________ $382,674 ___________
(f) Commitments and Contingent Liabilities
(b) Rental Properties
(a) + (b)
303,087 (247,834) ___________
382,674 ___________
Nos 222-228 Leicester Street, Carlton Freehold land and buildings at Council’s valuation November 2001 2,600,000 Improvements at cost Nil ___________
Provision for depreciation on rented properties
Motor vehicle at cost Provision for depreciation Total Property, Plant & Equipment
4. CASH
Provision for depreciation
Plant and equipment at cost Provision for depreciation
2000 $
(d) Motor Vehicles
3. COUNCIL MEMBERS’ EMOLUMENTS
Term Deposit Unbanked Deposits Melbourne University Cash Float Cash at Bank
(c) Plant and Equipment
2001 $
(i) The Graduate Council authorised the Chairman to sign a contract with the University of Melbourne to sell certain property and this transaction was approved in accordance with Rule 90 of the registered rules of the Graduate Union, at a general meeting of members on 14 December 2000. This sale will cover 233 Bouverie St, being the land in certificate of title volume 9611 folio 364 and part of 216-220 Leicester Street, being part of certificate of title volume 9767 folio 292 which lies below ground level and certain other rights including the right to demolish the Kidd’s Warehouse Building. The total consideration is $5,150,000. Finalisation of the sale contract depends on agreement covering engineering aspects of the proposed tunnel to be constructed on the site and the processing of a title. Matters relating to the engineering design of the proposed tunnel have been resolved and the process of securing the registration of the strata title is in progress. (ii) Graduate Council invited proposals from a number of architectural firms. After evaluating these proposals Graduate Council engaged Perrott Lyon Mathieson. Initially it was necessary to secure advice to resolve the engineering aspects of the design of the proposed tunnel. The professional costs to this stage have all been reimbursed by the University of Melbourne. Perrott Lyon Mathieson have continued their work with the process of securing necessary planning permits. When settlement has been made by the University of Melbourne, decisions will be made on more specific details of a proposed building and the necessary work done to proceed towards calling tenders for the building.
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