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

Financial Report

EDAMBA GENERAL ASSEMBLYWARSAW, 7 SEPTEMBER 2009

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

8

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