The American Club 2019/2020 Annual Report

63 PAGE

NOTES TO FINANCIAL STATEMENTS 30 June 2020

15. NET INVESTMENT GAIN

2020

2019

$

$

Interest income

285,449

553,420

16. OTHER INCOME

2020

2019

$

$

New member operations surcharge

750,540

546,810

Premium fee – new member instalment payment plan

108, 1 55

46,594

Parking fees

426,034

433,458

Advertising income

47,402

89,506

Sundry income

699,433

439,816

Fortitude budget subsidy (Note 1)

2,193,445

-

4,225,009

1,556,184

Note 1: Fortitude budget subsidy

- Grant income for jobs support scheme

1,232,867

-

- Foreign worker levy waiver and rebate

273,378

-

- Property tax rebate

365,650

-

- Cash grant/rental waiver

321,550

-

2,193,445

-