Chapter

Appendix VI (i). Administrative Budget

Author(s):
International Monetary Fund
Published Date:
September 1958
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Letter of Transmittal

July 25, 1958

My dear Mr. Chairman:

The administrative budget of the Fund approved by the Executive Board for the Fiscal Year ending April 30, 1959 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 reiterate 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/

Per Jacobsson

Chairman of the Executive Board

Chairman of the Board of Governors

International Monetary Fund

Appendix VI (ii). Administrative Budget

As Approved by the Executive Board for the Fiscal Year Ending April 30, 1959, Compared with Actual Expenditures for the Fiscal Years 1956-57 and 1957-58
Category of ExpenditureBudget

F. Y. 1958-59
F. Y. 1957-58Actual

Expenditures

F. Y. 1956-57
BudgetActual

Expenditures
I. Board of Governors$ 478,000$ 197,000$ 196,011.28$ 178,897.72
II. Office of Executive Directors
Salaries$ 640,500$ 631,000$ 628,258.18$ 588,215.78
Other compensations and benefits93,00092,00091,815.2684,616.39
Travel158,000126,000120,553.45120,674.58
Total$ 891,500$ 849,000$ 840,626.89$ 793,506.75
III. Staff
Salaries$2,852,000$2,728,000$2,718,676.94$2,632,944.52
Other compensations and benefits734,500702,500694,607.93668,413.08
Travel510,000454,000445,797.75348,818.06
Total$4,096,500$3,884,500$3,859,082.62$3,650,175.66
IV. Other Administrative Expenses
Communications$ 148,000$ 142,000$ 138,340.18$ 129,269.21
Office occupancy expenses205,000400,500399,939.67396,509.57
Books and printing128,000124,000117,755.41104,135.90
Supplies and equipment150,000104,000100,236.2763,367.17
Miscellaneous113,00063,00059,433.7947,833.72
Total$ 744,000$ 833,500$ 815,705.32$ 741,115.57
Total$6,210,000$5,764,0001$5,711,426.11$5,363,695.70

Includes $39,000 Supplementary appropriations approved by the Executive Board on March 21, 1958.

Includes $39,000 Supplementary appropriations approved by the Executive Board on March 21, 1958.

Appendix VI (iii). Comparative Statement of Income

(Values expressed in U. S. dollars on the basis of established parities)

Year ended Apr. 30, 1956Year ended Apr. 30, 1957Year ended Apr. 30, 1958
Income
Service charges
Received in gold$ 193,750.00$ 2,762,888.24$3,328,658.10
Received in a member’s currency—0—2,807,350.00—0—
Total$ 193,750.00$ 5,570,238.24$ 3,328,658.10
Charges on Fund’s holdings of members’ currencies and securities in excess of quotas Received in gold$1,110,091.19$ 1,863,639.37$10,139,681.95
Received in members’ currencies15,043.75764,256.285,501,019.23
Total$1,125,134.94$ 2,627,895.65$15,640,701.18
Income from investments$ 123,279.51$ 4,904,173.67$3,334,657.781
Other operational income$ 232,892.352$ 186,730.452$ 1,280,795.522
Miscellaneous income278.74335.47496.96
Total Income$1,675,335.54$13,289,373.48$23,585,309.54
Total Administrative Expenditure$5,341,601.39$ 5,363,695.70$ 5,711,426.11

Excludes income from November 1, 1957, amounting to $2,830,560.24, transferred to Special Reserve.

Includes transfer of $24,810.90 (net) from Stand-By Charge Reserve for year 1956 and excludes net transfers to Stand-By Charge Reserve for the years 1957 and 1958 of $1,434,628.44 and $1,241,617.20, respectively.

Excludes income from November 1, 1957, amounting to $2,830,560.24, transferred to Special Reserve.

Includes transfer of $24,810.90 (net) from Stand-By Charge Reserve for year 1956 and excludes net transfers to Stand-By Charge Reserve for the years 1957 and 1958 of $1,434,628.44 and $1,241,617.20, respectively.

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