ADAMSVILLE – The Imperial Treasury of the Empire of Adammia released its annual fiscal year-end report yesterday, reporting a significant rise in year-to-year government revenue for the micronation.
For the fiscal year-ending on September 30, 2015, the Empire had annual revenue of £81.12, a roughly 160% rise from revenue of £50.15 for the year-ending September 30, 2014. The annual surplus for the micronation nonetheless was lower – £22.11 this year versus £45.15 last year – due to a significant rise in government expenditures from £5.00 to £58.00. Despite the rise in expenditures and lower subsequent budgetary surplus, the micronation remains financially healthy, with a total of £67.26 in its reserves.
News from the Imperial Treasury was not all positive, however, as it reported that £1.01 had been misplaced in August. While the wayward monies represent only approximately 1% of government revenue in the year, it is the first year such an event has been reported. The Treasury did not offer a comment in its annual report as to how the funds were misplaced or as to if a criminal act had occurred within the confines of the organization.
The storehouse of the Adammic government’s financial assets, the Imperial Treasury collects revenue primarily through a “Contributions Scheme” introduced in September 2013. The voluntary opt-out scheme requires all citizens over the age of 18 years living in or near the home regions of the micronation to pay a small monthly fee of £0.50 to the treasury. The treasury also collects a 20% tax on local business profits.