Chapter

Appendix IV. Administrative Budget

Author(s):
International Monetary Fund
Published Date:
September 1970
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Letter of Transmittal

July 22, 1970

My dear Mr. Chairman:

The administrative budget of the Fund approved by the Executive Board for the Fiscal Year ending April 30, 1971 is presented herewith, in accordance with Section 20 of the By-Laws. The presentation also shows actual expenditures for the past two fiscal years.

I should like to point out that it is of course impossible to predict whether the amounts budgeted will, in fact, meet the requirements of the Fund’s program. The amounts shown are estimates of requirements on the basis of the expected level of activities. Should contingencies arise or present plans change materially, the management would recommend appropriate amendments to the Executive Board.

Yours sincerely,

/s/

P.-P. Schweitzer

Chairman of the Executive Board

Chairman of the Board of Governors

International Monetary Fund

Administrative Budget as Approved by the Executive Board for the Fiscal Year Ending April 30, 1971 Compared with Actual Expenditures for the Fiscal Years Ended April 30, 1969 and 1970
Fiscal YearFiscal Year
EndingFiscal Year EndedEnded
Apr. 30, 1971Apr. 30, 1970Apr. 30, 1969
ActualActual
Category of ExpenditureBudgetBudgetExpendituresExpenditures
I.Board of Governors$ 850,000$ 662,000$ 659,829$ 581,523
II.Executive Directors
Salaries$ 1,860,000$ 1,710,000$ 1,704,610$ 1,447,539
Other compensations and benefits590,000480,000460,102405,476
Travel525,000340,000308,712393,177
Total$ 2,975,000$ 2,530,000$ 2,473,424$ 2,246,192
III.Staff
Salaries$13,700,000$11,870,000$11,858,137$10,240,699
Other compensations and benefits5,407,0004,713,0004,708,9093,923,257
Travel3,680,0003,264,0003,086,7142,480,911
Total$22,787,000$19,847,000$19,653,760$16,644,867
IV.Special Services to Member Countries$ 2,599,000$ 2,176,000$ 2,175,493$ 1,944,966
V.Other Administrative Expenses
Communications$ 919,000$ 845,000$ 797,914$ 655,101
Office occupancy expenses997,000745,000741,181527,714
Books and printing665,000655,000636,996507,238
Supplies and equipment707,000570,000542,085604,486
Miscellaneous1,201,000970,000951,914672,429
Total$ 4,489,000$ 3,785,000$ 3,670,090$ 2,966,968
Total$33,700,000$29,000,000$28,632,596 1$24,384,516

Net administrative expenditures totaled $27,744,940 after the deduction of $887,656 reimbursed to the General Account by assessments levied on the net cumulative allocations of participants in the Special Drawing Account.

Net administrative expenditures totaled $27,744,940 after the deduction of $887,656 reimbursed to the General Account by assessments levied on the net cumulative allocations of participants in the Special Drawing Account.

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