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IAS FINANCES

IAS FINANCES. Members ’ meeting Outgoing Treasurer: Alan Whiteside, Incoming: Anton Pozniak FSC: Chris Beyrer, Anton Pozniak FSC-Elect: Celia DC Christie-Samuels, Alex Munganzi Washington D.C., USA, 25 July 2012. General Situation. IAS Core 2011: Surplus of $2K

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IAS FINANCES

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  1. IAS FINANCES Members’ meeting Outgoing Treasurer: Alan Whiteside, Incoming: Anton Pozniak FSC: Chris Beyrer, Anton Pozniak FSC-Elect: Celia DC Christie-Samuels, Alex Munganzi Washington D.C., USA, 25 July 2012

  2. General Situation • IAS Core 2011: Surplus of $2K • IAS Conference 2011 : Surplus of $207K • IAS Core 2012 : Projecteddeficitisnow $304K • AIDS 2012 : Projected surplus about $343K • IAS Conference 2013 : budgeteddeficit of $414K

  3. IAS HQ – 2011 results • Core report for 2011: The result for this year is a surplus of $2K (predicted in November was a deficit of $49K). • the General reserve increased from $1,078K to $1,080. • IAS solidity is good: for example the two revolving conference funds: • IAC: $3M, no change in 2011 • IAS Conference: $1,5M, +$345K in 2011

  4. IAS HQ 2012 – Projection • Budgeteddeficit of $59K (Nov11) • Projecteddeficitisnow $304K Mainlydue to shortfall of projecteddonor& sponsor income

  5. Policy & Advocacy budget Summary 2012

  6. AIDS 2012 – Washington Conference Budget • AIDS 2012 has a budgeted surplus of $343K (vs deficit of $622K forecasted in November 2011) • Registration fees in USD, minimizes risk for exchange rate losses. • Income: • Fundraisingtargetreached • Fullypayingdelegatesexceed the budget • Expenses: • More delegates = more staff, security, hostesses, infrastructures…

  7. AIDS 2012 Surplus allocation • Surplus willbe split as follows • 60% of to help to keep the lowerfeelevel for low-and-middle-income countries • 20% towards the Global Village in AIDS 2014 • 20% to the International ScholarshipFund

  8. Business • Formal approval of the financial reports as per 2011 Annual Report • Formal approval of KPMG as external auditors

  9. Final thoughts • IAS is a membersorganization • Elections are your chance to influence • The money allows us to run the programs • The accounts are audited by KPMG and the last one wasunqualified • Thankyou to Bertrand, Mats and Olivia

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