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CENL Board Meeting TEL Finances

CENL Board Meeting TEL Finances. Half year report 2012 . www.theeuropeanlibrary.org. TEL Finances end June 2012. Page 16 Half Year Report. Income: CENL Members budgeted at €672,500 for 2012 (Total income to date from membership fees is €565,500)

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CENL Board Meeting TEL Finances

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  1. CENL Board Meeting TEL Finances Half year report 2012 www.theeuropeanlibrary.org

  2. TEL Finances end June 2012 Page 16 Half Year Report Income: CENL Members budgeted at €672,500 for 2012 (Total income to date from membership fees is €565,500) Projects income is €695,200 + €35,275 = €734,475 Total = €1,402,975 Spend at half year €616,813 (44%)

  3. TEL Finances detail on costs Total costs for 2012 excluding projects are expected to stay within budget. From the general budget TEL personnel costs are at 50%, from the projects there is a small under-spend of 6% Hosting costs are 20% over budget at half year due to need of memory upgrade – forecast is to be 10% over budget

  4. TEL Finances detail on costs Matching funds are calculated at 20% of total costs for a project and allocated across the months/years of a project. Because costs for projects are slightly below budget, so are the required matching funds. This is will be rectified over the lifetimes of the projects

  5. CENL Board Meeting TEL Finances 2013 Budget www.theeuropeanlibrary.org

  6. TEL Budget 2013 Page 10 Draft Strategic Plan 2013-2015 Income: CENL Members budgeted at €672,500 for 2013 (same budget as 2012) Projects income is €474,700 + €35,250 + €89,200 = €599,150 (Europeana contribution increased as amounts for Cloud and Creative slightly reduced) TEL Reserve, with non payments accounted, stands at €342,000 Total = €1,271,650

  7. TEL budget 2013 detail on costs More staff charged to TEL due to decrease in % covered by projects Overhead charged by KB for Office Space still needs to be negotiated. Overhead of Europeana Foundation for HR and Finance is estimated at €25,000 (on current work) – 2% of costs Hosting costs factor in the increased costs of 2012.

  8. CENL Board Meeting TEL Strategy Workshop www.theeuropeanlibrary.org

  9. TEL Workshop Choose 1 of the 4 workgroups All 4 workgroups will discuss if Option 4 of the Strategic Options Paper is the correct option to follow, given the TEL Assessment and the Financial information.

  10. TEL Workshop 4 workgroups are: Strategic Priority 1 – Erland Ensuring the sustainability of The European Library Strategic Priority 2: Adolf Establish high-value collections & services to our user Strategic Priority 3: Bas Embed our services in research & learning communities Strategic Priority 4: Hans Develop Strategic Partnerships

  11. TEL Workshop Option 4 Option 4: Focus on Service for Libraries and Partner with Europeana to deliver Europeana Research

  12. TEL Workshop Strategic Priority 1 Ensuring the sustainability of The European Library .

  13. TEL Workshop Strategic Priority 2: Establish high-value collections & services to our user

  14. TEL Workshop Strategic Priority 3: Embed our services in research & learning communities

  15. TEL Workshop Strategic Priority 4: Develop Strategic Partnerships

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