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Commissions
and Reports
Finance Plan
for 2001-2004
Members: T Malmfors, G Sipes, J MacGregor
General objectives
1. Sound finances of IUTOX, including accurate accounting
2. Enough resources to fulfil the long range goals
3. Allocate resources based on priorities
Specific objectives for 2001-2004
1. Double the annual income
2. Maintain the assets 4 times the annual expenditures
General tasks
1. Overlook the finances of IUTOX
2. Seek contributions for the activities of IUTOX
3. Prepare budgets
Specific tasks
1. Establish guidelines for the treasurer (2004)
2. Review the money transfers (2001)
3. Guidelines for reimbursement for meeting travel, accommodation
and expenses (2001)
4. Recruitment of institutional members
5. Propose a detailed plan for fundraising (2001)
6. Review of the tax procedure (2002)
7. Review of the need for administration support for the treasurer
(2001)
Activities
1. Working through electronic communication complemented with
meetings when feasible
2. Visiting potential financial supporters
Timeline
In relation to dates for EC meetings and other deadlines plus
dates given for each specific task
Budget
No costs expected for 2001. Expenses for soliciting money in
relation to the amount expected
T Malmfors 010827
Comments to the above plan and the attached Assets overview and Budget
2003-02-26
General objectives
Sound finances of IUTOX, including accurate accounting
This point has been strongly enhanced by handing over the economic administration
to AIM. The collaboration with AIM has been excellent and the agreement
has been prolonged for another year.
Specific objectives
for 2001-2004
Double the annual income This goal might have to be reconsidered due to the changed global economic
situation
General tasks
Overlook the finances of IUTOX
In order to simplify
and improve the overview of the financial transactions, the accounts
at UBS in Switzerland have been closed and the
assets transferred to the First Union bank in Washington DC,US.
Prepare budgets
Based at activities to be decided at the Ex Com meeting in
SLC at definite budget for 2003 will be constructed Specific tasks
Establish guidelines for the treasurer (2004)
Propose a detailed plan for fundraising (2001)
Review of the tax procedure (2002)
The guidelines
for the administrative tasks have been put on hold but will now be
taken care of in collaboration with AIM.
Activities
Working through electronic communication complemented with meetings
when feasible
Visiting potential
financial supporters
Timeline
In relation to dates for EC meetings and other deadlines plus
dates given for each specific task
Budget
No costs expected for 2003. Expenses for soliciting money
in relation to the amount expected
Assets overview
As can be seen the assets increased slightly last year
(7%(, mainly because cheaper USD. It is doubtful if we
will be
able to retrieve
outstanding
dues but we will work on that even if the amount is limited...
Profit and Loss
Thanks to a positive balance of the finances of the continuing
there is a slight net income.
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