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Financial Report to the 2018 CODATA General Assembly

Financial Report to the 2018 CODATA General Assembly. John Broome CODATA Treasurer. 2017 Audit. Audit prepared by Chartered Accountants Sadec-Akelys (Paris) in Euros using accrual method . No issues were identified by the auditor.

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Financial Report to the 2018 CODATA General Assembly

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  1. Financial Reportto the 2018 CODATA General Assembly John Broome CODATA Treasurer CODATA 2018 General Assembly

  2. 2017Audit • Audit prepared by Chartered Accountants Sadec-Akelys (Paris) in Euros using accrual method. • No issues were identified by the auditor. • Dues to time constraints and complexity, a summary of the 2017 audit and 2018 budget is presentedhere. CODATA 2018 General Assembly

  3. 2017 Balance Sheet (From final 2017 audit) CODATA 2018 General Assembly

  4. 2017 Assets CODATA 2018 General Assembly

  5. Reserve Fund • A reserve of US$100,000was established 2013 in the form of a term deposit in a Canadian bank. • The 2-year term matured April 12, 2018 with a value of C$115 818 ( ~77K Euro) • To address the risk of possible 2018 cash flow issues, in April 2018 the EC withdrew half of the reserve and reinvested the remaining C$57000 . CODATA 2018 General Assembly

  6. Dues 2016-2018 • 2016 Dues invoiced: ………. 220 686 Euros Dues received: ………. 219 460 Euros • 2017 Dues invoiced: ……….. 210 327 Euros Dues received to date:.. 198 801 Euros • 2018 Dues invoiced: ............ 223 657 Euros CODATA 2018 General Assembly

  7. CODATA 2018 General Assembly

  8. CODATA 2018 General Assembly

  9. 2017Expenditure Distribution Task Groups Strategic Activities Administration & Core Functions Governance & Meetings CODATA 2018 General Assembly Admin.

  10. Summary 2017 • No issues were identified in the 2017 audit. • The deficit was ~47K Euros - close to the EC budget. • Assets remainedadequate to cover 1 year of operations. • Increased spending areas: Strategic activities, administration, meeting travel. • Task Groups spent ~100% of allocated funds in 2017 2018 • The 2018 budget was reduced by 43K Euros and balanced. • Decreased spending on governance and meetings. • New sources of income are required to increase activities. CODATA 2018 General Assembly

  11. Thank you for your attention!

  12. 2018 BudgetDistribution Task Groups Strategic Activities Administration & Core Functions Governance & Meetings CODATA 2018 General Assembly Admin.

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