CEEP Financial Results 2011

Meeting of the General Assembly BrusselsMay 15 2012

Overall Picture

Four economic results compose the financial situation:– Operating result: revenue - expenses– Financial result: financial activities like interest on savings

etc.– EU projects– Global result: aggregates all three results

What is the most relevant to get the final picture?– Operating results: show the day-to-day operation and “core

business”– EU projects: separated accounting introduced, reflected by

separate presentation

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Operating ResultsExpenses

Services and Other Goods– In general expenses under daily operation are in line with the budget. Nevertheless few

items have been beyond budget :• Trips and Travel• Computer services• Telephone• Communication/News Services• Lawyers and experts

What have we done to improve the situation?:Action already taken on telephone and travels in order to reduce costsFor computer services, based on budget 2012 a new offer is considered. This includes:• A 3 years’ investment of 30.000€ to update and optimise the existing database, renew

the graphical chart of CEEP website and simplify CEEP extranet• A maintenance 3 years contract (upgrade to a forfeit of 15h/month instead of

5h/month)

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Operating ResultsExpenses

Human Resources in 2011– Some of the expenses estimated under the 2011 budget were too high– Temporary or permanent changes in personnel, coupled with long term sicknesses made the

work environment instable and the financial estimation difficultWhat have we done to improve the situation?: Action taken to re-bring stability into the team. This made necessary to make one member of

personnel redundant.Amounts Written off trade debtors

– Written off fees in 2011: 156.000,00 EURO• Recurrent non payers• Temporary non payers• Reduced membership fees agreed in 2010 and impacting 2011 financial results

What have we done to improve the situation?:Regular contacts with National Sections experiencing financial difficulties and with recurrent non

payers. In the latter case, exclusion from voting rights and from access to extranet was pursued. More needs to be done. Actions to be discussed and agreed by General Assembly

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Operating Results Revenue

Turnover (Subscriptions) – three sources

– National Sections• Loss in revenue due to reduced fees by three National Sections• Loss in revenue because of unpaid fees by six National Sections

– Individual membership fees• Stable

– Associated membership fees• Stable

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Operating Results Revenue

Other Income– FEDES : stable– CEEP EVENTS –e.g. : Local enterprises : stable– Recovery of rental charges : HOSPEEM and MUNICIPAL WASTE

EUROPE

Extraordinary ResultRecovery of VAT Regularisation: substantial amount (85.000,00€) transferred to CEEP by Belgian tax Authority. However VAT control still ongoing: therefore no guarantee of definitive reimbursement.

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Conclusion on Operating Results 2011

• Final Result is similar compared to 2010 but only tanks to VAT regularisation. Without that, the gap vs budget would have risen from 60.500€ to 145.500€

• CEEP General Secretariat will (even fruther) « do more with less » and seek new sources of revenues (ie recovery of rental charges) but the trend can genuely be reversed only by recovery of unpaid/reduced membership fees

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PROJECTS

Four projects were operational in 2011

– Public Services Contribution to Growth – Change in Public Services– Financial Participation of Employees– Mapping the Evolution of Public Services

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Public Services Contributionto Smart, Sustainable and inclusive Growth

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Public Services Contributionto Smart, Sustainable and inclusive Growth………continue.

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Change in Public Services 11

Change in Public Services….continue….12

Financial Participation of Employees13

Financial Participation of Employee …continue……14

Mapping the Evolution of PS15

Mapping the Evolution of PS ..continue….16

Conclusion on Projects17