1 / 15

Treasurer’s Report to the IEC Members London 2006 Michaela R. Told

Treasurer’s Report to the IEC Members London 2006 Michaela R. Told. Structure of the Report. Purpose Contextualisation Achievements & Challenges Current Situation Conclusion. Let me take you on a journey … in a dry landscape of figures … but with a common path forward

randall-hopkins
Download Presentation

Treasurer’s Report to the IEC Members London 2006 Michaela R. Told

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Treasurer’s Report to the IEC MembersLondon 2006Michaela R. Told

  2. Structure of the Report • Purpose • Contextualisation • Achievements & Challenges • Current Situation • Conclusion Let me take you on a journey … in a dry landscape of figures … but with a common path forward … TOGETHER … exciting???

  3. Purpose • To inform the IEC members of the work of the Treasurer of WILPF Int’l • To highlight achievements and challenges in regards to the financial situation IEC Members as decision-making body of WILPF have to be fully aware of the financial situation in order to take decisions concerning the future andprogramme of WILPF. … for a better future?

  4. Contextualisation • A political environment characterised by increased violence and wars, political crisis, a newly intensified polarisations and a conservative radicalism by a few powerful states. • Women have to unite to resist oppression, exploitation and one-sided political interests serving only a few rather than the population at large. • Contextualisation needed to understand our financial situation: • WILPF is an independent, political and critical women’s voice • But this is not conducive to receive funding from outside donors. • That’s why we rely on membership fees and your ‘good will’

  5. Achievements & Challenges (1) Draft of a long-term financial policy  Financial package • Recommendation: approval by IEC • Discussion & Decision to be taken on Sunday by IEC members

  6. Achievements & Challenges (2) 2004 audits and accompanying income-expenditure sheet • Letter sent to you in mailing • Issue could not be resolved • Recommendation: accept apologies and let’s move on to the future • Take note and formally close 2004 finances

  7. Achievements & Challenges (3) Audit report 2005 for Geneva and NY office • Audit reports, balance sheet and income-expenditure sheet available in the financial package • Geneva: deficit 7.870,- CHF due to extra costs at IEC 2005 • NY: positive balance with largely a project-related funding structure; JAPA auditing. • Recommendations: • approval by IEC of financial reports on 2005 • Approval by IEC to adopt the proposal of Geneva auditor to separate NY accounts from Geneva • Discussion & Decision to be taken on Sunday by IEC members to accept the recommendations

  8. Achievements & Challenges (4) Budget 2006 as well as income-expenditure sheet as to June 2006. • Based on last years’ actual expenditures • New: Cuba Conference budget; Geneva Office Manager • Expenditures as to June 2006: 115.000,- CHF • Income as to June 2006: 283.000,- CHF (legacy) • Recommendations: • Approval of budget 2006 • 30% of legacy into an endowment • Decision to be taken on Sunday by IEC members to accept the recommendations

  9. Achievements & Challenges (5) Budget Forecast for the years 2007 – 2010 Geneva • Requested at IEC 2005 • New: 2007 – Development Director; 2008: Program Director, plus Economic Justice Intern & Communications & Admin Intern • Financial implications: 2007: +100.000 CHF; 2008: +170.000 CHF • Need feedback • Discussion on Sunday by IEC members on this

  10. Achievements & Challenges (6) Section Fees • Information on Section fee payments 2005 – implemented decisions of IEC 2005 • Information on Section fee assessment 2006 • Review of current Section Fee Structure • see financial package • Review Section fee assessment 2006 – pls approach GVA staff or myself • Section Fee Structure: presentation and discussion on Sunday – pls read the paper!

  11. Achievements & Challenges (7) Payment of Travel Assistance • Decision at IEC 2005 • reimbursement of 85% for specific countries • No eligibility if payment of section fee for two consecutive years outstanding • No eligibility if no section report is submitted • NOTE: Please check whether you have paid!! • Please approach GVA staff or myself if this is the case • List of eligible countries available

  12. Achievements & Challenges (8) IPU Subcription Rate • See also IPU report by Annelise Ebbe • Production costs approx. 4.000 CHF (1000 ex.) • More or less balanced income-expenditures • Recommendations: • Keep subscription rate at 20 CHF / year • Raise cover price to 10 CHF (6 €, 8 USD, 10 AUSD, 10 CAND, 5 GBP) • Introduce bulk subscription price at 5 CHF per issue • Discussion and Decision to be taken on Sunday by IEC members to accept the recommendations

  13. Achievements & Challenges (9) Fundraising • Difficult to receive institutional funding • Project proposal essential • Some pending proposals in GVA, NY relatively secured • Congress fundraising depends on theme • Need to be priority of staff but also time-consuming exercise • Need a fundraising sub-committee • Recommendation: • Re-establish at IEC fundraising sub-committee and decide about membership • Discussion & Decision to be taken on Sunday by IEC members to accept the recommendation

  14. OVERVIEW ACTUAL INCOME/EXPENDITURES Outstanding Income: 63.000,- Section Fees 10.000,- IPU Subscriptions 5.000,- Freeman Fund No Publications Sales No JAPA for IPU  Total 80.000 CHF Total Income: 282.549,- CHF (2006)82.549 CHF (without legacy) • Budgeted Expenditures 2006: • 347.340,- CHF • + 65.000 CHF (Personnel) • RELY ON LEGACY • WHAT TO DO NEXT YEAR? Total Expenditures: 81.327,- CHF Total Expenditures: 114.851,- CHF (before IEC, 06/06 187.803,- CHF (after IEC)

  15. CONCLUSIONS • Superficially looking - the figures look fine – but we do not function in a sustainable or healthy manner! • We need a decision about the future ofthe Geneva Office • We need your active participation & fundraisers! … need a drink? Me too!

More Related