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Proceedings of the 18
th
International Conference on Soil Mechanics and Geotechnical Engineering, Paris 2013
3.4.3
Initiatives:
Provision is made for as yet unspecified initiatives that might
emanate from the Board.
3.4.4
Webinars:
Annual fee for WebEx video conferencing service.
3.4.5
Contingency:
A provision is made for a contingency. Any unused contingency
will be transferred to the ISSMGE Foundation at the end of
each year.
4
CASH BALANCE
A modest surplus has been forecast for each year of this budget.
This results in the cash balance being forecast to increase by an
average of ~1% per year for the next 3 years. It is considered
prudent to conserve this reserve at present. This is because the
UK pound, the currency in which the ISSMGE operates, is
currently at a high level compared to the Swiss Franc, the
currency used to calculate membership subscriptions, and a
significant rise in the value of the UK pound would reduce the
income of the ISSMGE considerably.
ISSMGE CONSOLIDATED BUDGET 2011-2013
2011
2012
2013
£
£
£
RECEIPTS
Member Society Subscriptions
168,000
171,360
174,787
Corporate Associate Subscriptions
23,000
28,000
31,000
Interest
2,000
2,000
2,000
Conference Income
5,000
5,000
5,000
TOTAL INCOME
198,000
206,360
212,787
EXPENDITURE
Secretariat
President part time support
18,000
18,000
18,000
Secretary General support
32,000
37,000
39,000
Office expenses - President
5,000
5,000
5,000
Office expenses - Secretariat
6,000
6,000
6,000
Secretary General
22,000
22,000
22,000
Conference support
4,000
4,000
20,000
List of Members
2,500
2,500
Kevin Nash Gold Medal
-
-
2,000
Prizes
1,000
1,000
5,000
Sub total
88,000
95,500
119,500
Travel Expenses
President
14,000
14,000
14,000
Secretary General
10,500
10,500
10,500
Board members
29,000
29,000
29,000
Sub total
53,500
53,500
53,500
Audit Fees & Bank Charges
5,300
5,300
5,300
Corporation Tax
3,800
3,800
3,800
Information Technology (web site)
Licensing fee/web maintenance
7,200
8,704
9,000
Future developments
8,704
16,100
-
Sub total
15,904
24,804
9,000
Other Activities
International Seminars (e.g. travel)
5,000
5,000
5,000
Travel of ISSMGE officers to FedIGS meetings
2,000
2,000
2,000
Initiatives
5,000
5,000
5,000
Webinars
4,500
4,500
4,500
Contingency
5,000
5,000
5,000
Sub total
21,500
21,500
21,500
TOTAL EXPENDITURE
188,004
204,404
212,600
SURPLUS/(DEFICIT)
9,996
1,956
187
CASH BALANCE
Cash balance at 1st January
486,918
496,914
498,870
Cash balance at 31st December
496,914
498,870
499,057
Volume 6 - Page 227