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Proceedings of the 18
th
International Conference on Soil Mechanics and Geotechnical Engineering, Paris 2013
APPENDIX 17: NOTES ON ISSMGE BUDGET FOR 2013-2015, WITH FORECAST
TO 2017
Notes sur SIMSG budget pour 2013-2015, avec une prévision à 2017
M.C.R. Davies
ISSMGE Treasurer, First Vice President and VP Australasia
ABSTRACT: This report presents the budget for the ISSMGE for the period 2013 to 2015, together with a forecast budget to 2017.
RÉSUMÉ : Ce rapport présente le budget de la SIMSG pour la période 2013 à 2015, avec un budget prévisionnel pour 2017.
KEYWORDS: Budget.
1
GENERAL
The ISSMGE budget for the period 2013-2015, together with a
forecast to 2017 is presented in the attached table. For the first
year of the Budget (2013) Table 1 (Receipts) and Table 2
(Expenditure and Balance) contain both the budget agreed at the
Toronto Council meeting in 2011 and a revised budget to reflect
the projected income and expenditure for the year (as of May
2013). [N.B. The budget is presented in UK pounds (£)]
The overall rationale for the budget is to permit the society
to function both effectively and professionally. Therefore, the
budget should facilitate the strategies developed by the
President and the Board together with the operational activities
proposed by the board level and presidential committees. Whilst
prior to 2011 (when the current President and Board took office)
these activities were expressed in the ISSMGE budget as the
“Ordinary Budget” and the “Extraordinary Budget”, because of
the financial interaction between activities allocated previously
to these two budgets, the budget for the society in now
presented as a single “Consolidated Budget”.
2
RECEIPTS
2.1
Member Society subscriptions
Since 2007 the fee structure has been based on a Basic Fee per
Capita discounted to allow for low Purchasing Power Parity
(PPP) and for large Member Societies. The budget for 2014 is
the same as the projected final position for 2013. For
subsequent years fees remain the same but an annual growth in
membership of 2% is assumed.
2.2
Corporate Associate Subscriptions
In 2011 the fee for corporate membership of the Society was set
at US$1,500. It is assumed that this fee level will not increase.
However, the Policy of the Board is for the number of
Corporate Associates to grow in the coming years and hence an
increase in revenue is projected during the period of this budget
and forecast.
2.3
Interest
This is an estimate based on historical performance.
2.4
Conference Income
Revenues from registration fees from conferences held under
the auspices of the ISSMGE. Following a change in Board
policy in 2012 the ISSMGE now requires a proportion of the
registration fee income from only the International Conference
and the Regional Conferences (5% and 3% of registration fee
income, respectively). Prior to this all conferences held under
the auspices of, or supported, by the ISSMGE were expected to
pass on a proportion of the registration fee to the Society.
Conference income is, therefore, only expected in the years
when the International Conference and the Regional
Conferences take place.
Table 1. ISSMGE budget for 2013-2015, with forecast to 2017 – Receipts
2013
1
2013
2
2014
2015
2016
2017
£
£
£
£
£
£
RECEIPTS
Member Society Subscriptions
174,787
210,000
210,000
214,000
218,000
222,000
Corporate Associate Subscriptions
31,000
37,000
37,000
40,000
45,000
50,000
Interest
2,000
3,500
2,000
2,000
2,000
2,000
Conference Income
5,000
22,000
5,000
20,000
TOTAL INCOME
212,787
272,500
249,000
261,000
265,000
294,000
Notes: 1. Budget agreed at the Toronto Council meeting in 2011.
2. Revised budget to reflect the projected income and expenditure for the year (as of May 2013).
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