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FINANCIAL STATEMENTS
Queensland Art Gallery Board of Trustees Annual Report 2013–14
PART B
29
29
Queensland Ar t Gallery Board of Trustees
Notes to and forming par t of the Financial Statements 2013–14
25. Remuneration of Board Members
Remuneration received, or due and receivable, by board members from the Gallery in
connection with the management of the Gallery was as follows:
2014
$
2013
$
Bacon, P
1,938
846
Bell, A
455
846
Fairfax, G
1,000
-
Fraser, M
797
705
Lobban, J
938
846
Patane, R
1,312
-
Pidgeon, L
1,188
-
Street, S
3,800
1,002
Wilkinson, R
1,984
705
Williams, D
152
705
Young, P
656
705
Total remuneration paid to all Board Members
14,220
6,360
Board meetings miscellaneous expenses
3,122
4,790
Total
17,342
11,150
26. Commitments for Expenditure
(a) Forward Exhibition Commitments
No later than one year
-
300
Later than one year and not later than five years
-
-
Total
-
300
(b) Operating Lease
No later than one year
136
166
Later than one year and not later than five years
137
340
Total
273
506
The Gallery has one operating lease for a storage facility for three years commencing from
1/07/2013 with four one-year options. The lease payment is fixed, with an escalation clause
based on CPI.
In addition, the Gallery enters operating leases for photocopier equipment hire. Lease
payments are generally fixed for five years. These leases do not have escalation clauses.
(c) Purchase Orders Outstanding
No later than one year
90
236
Later than one year and not later than five years
-
-
Total
90
236