CORPORATE AND OPERATIONAL PERFORMANCE YMAC is governed by a series of frameworks to ensure the organisation is meeting our member and client objectives. YMAC’s financial management system requires regular reporting that meets statutory requirements, including the NTA, CATSI Act, and all tax and other relevant state and federal legislation. Further, the organisation adheres to Australian Accounting and International Financial Reporting Standards. YMAC acknowledges ongoing grant support from the Federal Government, and the receipt of additional targeted funding from various sources in the Financial Year 2021 (FY21) period for priority areas.
FINANCIAL PERFORMANCE YMAC’s total income for this reporting period increased to around $23 million. COVID-19 continued to present a complicated landscape to navigate, and we saw a reduction in some fee-for-service activities, along with a reduction in direct meetings activity across the Pilbara and Yamatji regions. Nevertheless, due to strong cost controls, effective and prudent financial management and support from government, a surplus has been recorded.
CORPORATE PERFORMANCE Staff and Salaries As at 30 June 2021, YMAC employed 148 staff. Staff turnover for FY21 was 12.1 percent (whereas the average turnover for not-for-profits is between 26 and 30 percent). YMAC’s salary structure is updated on 30 September each year, with an increase commensurate with the Consumer Price Index (CPI).
Staffing Full-time: 71 Part-time: 19 Casual: 3 + Rangers (55) = 58 Aboriginal: 13 + Rangers (55) = 68 Non-Aboriginal: 80
Staff Cultural Awareness training (2021)
14 | Yamatji Marlpa Aboriginal Corporation | Annual Report 2021
