Transcript Business Report to the Members_FinancialSlides_2014.ppt

Finances: Overview
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euroCRIS supports its substenance mainly by membership fees
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Actual income app. 25,000 € per annum until 2013
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70 % of income from fees is used for basic operations (Secretariate, Website)
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20 % additional revenues from donations and small profits
Additional engagement and dissemination of CERIF
is increasing and financed via project grants
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Five EC and JISC projects, three ongoing
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Project budgets as „second pillar“ of euroCRIS financial structure
Recent developments and changes:
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20 % raise in membership fees effective 2014
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New VAT rules for associations
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Switch from cash-based to accrual accounting necessary to monitor actual liquidity
Finances: income and expenditures 2013
View according to cash-based accounting
Budget item
Plan 2013
Actual 2013
Fees
32.050 €
23.757 €
Events
-4.500 €
-5.933 €
Above plan
-17.205 €
-15.306 €
Below plan
-6.200 €
-5.359 €
Below plan
Projects
n.a.
-18.036 €
Savings transfer
n.a.
13.699 €
Operating
Public Relations
TOTAL
-7.177 €
Finances: Current liquidity
Extensive pre-financing from own resources is needed for the fp7 project ENGAGE.
This will be completely balanced by the final payment from the EC (appr. 50,000 €)
to expected in early 2015.
Finances: Budget 2014
Budget item
Plan 2013
Actual 2013
Plan 2014
Fees
32.050 €
23.757 €
61.950 €
Event costs
-4.500 €
-5.933 €
0€
-17.205 €
-15.306 €
-25.993 €
-6.200 €
-5.359 €
-10.640 €
Operating
Public Relations
Financial audit, April 22nd, 2014
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Recommendation to the membership: The book-keeping system is in
order and spending was according to budget. Formal discharge of
treasurer and Board is recommende
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Internal audits will continue to be held annually. The procedure will be
streamlined to the procedure outlined in Charter, 5.2., starting in 2015.