With the year's large contracts, staff expansion and establishment of an internal infrastructure support team, financial planning and management has become even more important to ASAP. Lisa O'Sullivan has been made responsible for financial planning, tracking expenses, and ensuring that projects are run within budgets. The clarification of our aims and objectives has meant that we can also be very clear about our financial expectations from individual projects. As we continue to operate on a self-funded basis, all work we undertake must cover its costs. However, work with a high historical value is expected to cover only the time of staff and the supporting ASAP infrastructure. This ensures that collections are not lost simply through lack of resources to dedicate to them. The return generated by larger contracts is channelled into our Trust Fund, which is used to guarantee the re-employment of key staff, and to fund our own research and development. Ideally, this Fund will not have to be called upon on an annual basis, but only when there is a shortfall in funds for staff employment.
The Trust Fund currently holds $93,000, which includes the return from recent projects, and the generous donations of supporters such as Sally White, R.V Pavia, Baiba Berzins, Frances Guiney and others who have contributed to the Supporters' Fund over the years.
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