Progress Bar Charitable

As a result of internal and external influences, particularly the financial impact of the change of our Association from internal to external Alumni Network of the University of Adelaide, and also a recognition of the progressive decline in the value of our Association’s financial reserves over a number of decades, your Committee has been taking a close look at our Association’s financial position.As a result, your Committee believes our Association’s current financial position is not as strong as it needs to be.In the past our Association’s financial reserves were able to accrue interest with sufficient spending power to cover some…