financial report - draft 18th edamba summer academy at soreze 2009 acutalbudget income200920082010...
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Financial report - DRAFT
18th EDAMBA Summer Academy at Soreze
2009
Acutal Budget
Income 2009 2008 2010
Participants (36 á 850 €) 30.600,00 32.300
Participants (2 á 1.350 €) 2.700,00 2.700
Total income 33.300,00 35.650 35.000
Expenses
Accommodation participants 30.780,00 33.250
Accom. faculty & spouses 8.619,00 10.000
Excursion 1.000,00 1.250
Welcome reception 171,50 200
Farewell dinner 1.617,00 1.750
Faculty dinner 825,00 1.000
Rooms & facilities 250,00 1.250
Books 0,00 0
Bus transfers 1.095,00 1.200
Travel expenses 3.078,05 4.000
Administration 3.741,80 4.000
Total expenses 51.177,35 53.877 57.900
Result -17.877,35 -18.227 -22.900
Participants late cancelation 1.700,00
Support EDAMBA org 20.000,00 20.000 20.000
Net result 3.822,65 1.773 -2.900
SUMMER ACADEMY
Assets
Petty cash 0,00
Outstanding 350,00
Bank - liabilities 10.044,83
10.394,83
Equity
Acc. results prev. years 4.672,18
2009 3.822,65
Acc. Results 8.494,83
Accounts payable 1.900,00
10.394,83
SUMMER ACADEMY
Result of operations
Fiscal year Aug 1st 2008 to July 31st 2009
2008 / 09 2007 / 08
€ €
Income
Membership fees 2008/09 (63 members) 47.250,00
Total Income 47.250,00 45.000
Expenditures
Activites
EDAMBA Journal 0,00
EDAMBA Summer Academy 20.000,00
EDAMBA Winter Academy 5.202,12
Thesis competition, prizes 4.750,00
Thesis competition, expenses 778,92
Administrative expenditures
Salary Secretariat 3.000,00
Administrative costs 779,43
Web site maintenance 970,71
Travel exp. Secretariat 1.216,42
Travel exp. Others 2.403,94
Substances, executive meeting 1.155,00
Total Expenditures 40.256,54 38.464
ANNUAL REPORT
Result of operations
Fiscal year Aug 1st 2008 to July 31st 2009
2008 / 09 2007 / 08
€ €
Result before finance 6.993,46 6.536
Finance
Bank transfer cost -134,52
Interest Bank 889,24
Total Finance 754,72 849
Write off 4.350,00 2.700
Result (carried over to Contingency Reserves) 3.398,18 4.685
ANNUAL REPORT
Balance Sheet as of July 31st 2008
Assets 2008 / 09Note €
Prepaid expensesAnnual meeting 2009 1 750,00
ReceivablesReimbursements 2 2.262,84Membership fees 2 3.750,00 6.012,84
LiquidsBank accounts KBC Brussels 4 55.139,11
Total assets 61.901,95
Liabilities 2008 / 09€
Contingency reservesPrimo 53.105,46This year 3.398,18 56.503,64
Accounts payable 3 4.648,31
Prepaid Membership Fee 750,00
Total Liabilities 61.901,95
ANNUAL REPORT
7
Notes
1 Prepaid expenses
Registration fee Annual conf 2009 750,00
2 Receivables
Reimbursement of expenses:
Travel expenses new members 2.262,84
Membership fees:
Bologna University 750,00
Cagliari 750,00
Plekhanov 750,00 UAB, Universidad Autònoma de BARCELONA 750,00
AIX en Procence, Marseille 750,00 3.750,00
Total Receivables 6.012,84
3 Accounts payable
EDAMBA Winter Academy 3.648,31
EDAMBA Journal - printing 1.000,00 4.648,31
4 Bank Accounts
KBC 734-0191915-58 1.247,56
KBC 726-5032434-57 - KBC 744-0192161-94 53.891,55 55.139,11
ANNUAL REPORT
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ANNUAL REPORTBUDGET 2009 / 10
Budget 09/10 pct. of income
Act. 08/09 pct. of income€ €
IncomeMembership fees (63 members * 750) 47.250 47.250
ExpendituresActivities:EDAMBA Journal 500 0EDAMBA Summer Academy 18.500 20.000EDAMBA Winter Academy 7.500 5.202Thesis competition, prizes 4.750 4.750Thesis competition, expenses 1.500 32.750 69% 779 30.731 65%
Strategic alliances & development:Expenditures 5.000 11% 0
Adminitrative expenditures:Salary Secretariat 3.000 3.000Stamps, phone etc 1.000 779Web side maintenance 750 971Travel exp. Secretariat 1.500 1.216Travel exp. Others 2.500 2.404Substances, executive meeting 1.250 10.000 21% 1.155 9.526 20%
Total Expenditures 47.750 101% 40.257 85%
Result before finance -500 6.993
Total Finance 500 755
Write offs 0 4.350
Result 0 3.398