Chapter

APPENDIX VI (i) ADMINISTRATIVE BUDGET

Author(s):
International Monetary Fund
Published Date:
September 1951
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Letter of Transmittal

July 12,1951

My dear Mr. Chairman:

The administrative budget of the Fund for the Fiscal Year ending April 30, 1952, as approved by the Board of Executive Directors, is presented for the information of the Board of Governors in accordance with Section 20 of the By-Laws.

The presentation includes the actual experience for the Fiscal Year 1949-50, the budget and actual expenditures for the Fiscal Year 1950-51 as compared with the administrative budget for the Fiscal Year 1951-52.

I should like to repeat again this year that previous experience has shown that it is impossible to predict whether the Fund will require precisely the amounts budgeted. The amounts estimated are an expression of present administrative plans without provision for unforeseen contingencies or inauguration of extraordinary programs. Should such contingencies arise or present plans change materially, the amounts now budgeted may have to be changed.

Yours sincerely,

/s/

A. N. Overby

Acting Chairman of the Executive Board

Chairman of the Board of Governors

International Monetary Fund

APPENDIX VI (ii) ADMINISTRATIVE BUDGET FISCAL YEAR ENDING

APRIL 30, 1953

As Approved by the Executive Board Compared with the Actual Expenditures of Fiscal Years 1949-50 and 1950-51

Category of

Expenditures
Actual

Expenditures

F.Y. 1949-50
F.Y. 1051-52Budget

F.Y. 1951-52
BudgetActual

Expenditures
Personal Services$2,552,663.46$2,858,815.00$2,843,013.26$3,171,163.00
Contributions to Retirement Plan and Other
Benefits242,141.10377,500.00367,246.75333,600.00
Travel296,059.90342,500.00340,600.01343,750.00
Communications151,040.62110,100.00105,725.18122,352.00
Office Occupancy Expense385,387.39389,600.00381,313.47411,469.00
Books and Printing115,527.83159,100.00133,775.95161,386.00
Supplies and Equipment97,811.08103,500.0075,030.28119,225.00
Meetings of the Board of Governors100,941.98230,900.00225,180.82119,325.00
Miscellaneous29,255.18132,300.00125,370.2448,180.00
Total Administrative Expense$3,970,828.54$4,704,315.00$4,597,255.96$4,830,450.001

Includes $21,643 for liquidation of prior year commitments.

Includes $21,643 for liquidation of prior year commitments.

APPENDIX VI (iii) COMPARATIVE STATEMENT OF INCOME

Values expressed in United States dollars on the basis of established parities

INCOME:Year

ended

Apr. 30, 1949
Year

ended

Apr. 30, 1950
Year

ended

Apr. 30, 1951
Service Charges Received in gold$ 895,787.88$ 343,500.00$ 210,000.00
Received in members’ currencies45,000.00
Total$ 895,787.88$ 388,500.00$ 210,000.00
Charges on Fund’s holdings

of members’ currencies and

securities in excess of quotas
Received in gold$ 485,864.38$1,246,542.25$1,551,311.89
Received in members’ currencies412,007.12672,282.82888,866.14
Outstanding8,536.19
Total$ 897,871.50$1,918,825.07$2,448,714.22
Sales of Fund’s Publications$ 6,490.52$ 13,076.67$ 12,922.28
Miscellaneous Income806.71638.23235.98
TOTAL INCOME$1,800,956.61$2,321,039.97$2,671,872.48
TOTAL ADMINISTRATIVE EXPENDITURE$3,815,436.07$3,970,828.54$4,597,255.96

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