Page 4 - ICD Newsletter May 2022 Final rev

Grant Payments

Approvals of grant applications over the past few years have been complicated by COVID-19 with many applications
deferred for one or more years. Consequently, the Board approved grant applications at both the September 2021
and the February 2022 Board meetings resulting in payment of $63,546 for grants in FY2022. Unspent grant funds
from FY2021 had been rolled over into the FY2022 budget. Grant applications approved by the Board for FY2022
are listed in the table below.

Region Program Contact/Program Leader
Adelaide Community Dental Outreach Program Margie Steffens OAM
ADRF Named ICD Syd Dobbins AM grant Saso Ivanovski
Cambodia Healthy Kids Cambodia Bethy Turton
Cambodia M'Lop Tapang Petrina Bowden

Cook Islands Aitutaki Project - screening of children Clive Ross CNZM/Liz Webb
Kimberley Kimberley Dental Team John Owen AM
Nepal Project Yeti George Manos
Nepal Village Health Improvement Program Sandra Meihubers AM
NZDRF ICD research funding Mo Amso
PNG Webinar Development Len Crocombe/Mahmood Siddiqi
Timor Leste Dental education of Ana Paula Salgado David Sheen AM
Timor Leste Maluk Timor CPD Ross Dunn AM
Tonga Clinics on 3 school campuses & repair shop David Goldsmith
Tonga Tonga Perio Disease Management Program Mohammed Shorab
Vanuatu Gudfala Tut Skul Program (school program) David Goldsmith/Barry Stewart
Vietnam Long Tan Dental Program Greg Miller

Audit FY2021

The annual audit conducted for FY2021 confirmed income of $160,393 for the year and expenses of $125,914
resulting in a net profit of $34,479. It must be kept in mind that FY2021 was extraordinary due to COVID-19.
Scheduled induction ceremonies and dinners were cancelled. Decisions on some grant applications were deferred.

Capital & Budget

At the end of March 2022, capital funds of Section VIII totalled $420,486 for assets held in a society cheque account
and two term deposits. The equivalent of one year’s expenditure (approximately $150,000) is held in reserve.

The FY2022 budget was approved by the Board when the Board met on 6 March 2021. The Board also examined
5-year budget projections to ensure the Section can continue to support dentally related humanitarian programs
led by our Fellows well into the future. The level of support our Section dedicates to these programs is only made
possible by the generous donations our Fellows include with their annual renewal payments. Thank you!

Dr Tom Tseng, President Elect

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