Chapter

Appendix IX (i). Administrative Budget Letter of Transmittal

Author(s):
International Monetary Fund
Published Date:
September 1959
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July 9, 1959

My dear Mr. Chairman:

The administrative budget of the Fund approved by the Executive Board for the Fiscal Year ending April 30, 1960 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 IX (ii). Administrative Budget

As Approved by the Executive Board for the Fiscal Year Ending April 30, 1960, Compared with Actual Expenditures for the Fiscal Years 1957-58 and 1958-59
Category of ExpenditureBudgetF. Y. 1958-59Actual
F. Y. 1959-60BudgetActual

Expenditures
Expenditures

F. Y. 1957-58
I. Board of Governors$ 217,000$ 463,000$ 443,118.21$ 196,011.28
II. Office of Executive Directors
Salaries$ 730,000$ 686,500$ 679,032.42$ 628,258.18
Other compensations and benefits125,000113,000108,306.2691,815.26
Travel150,000158,000137,353.12120,553.45
Total$1,005,000$ 957,500$ 924,691.80$ 840,626.89
III. Staff
Salaries$3,150,000$3,052,000$3,006,236.60$2,718,676.94
Other compensations and benefits989,000954,500951,947.60694,607.93
Travel575,000530,000516,957.07445,797.75
Total$4,714,000$4,536,500$4,475,141.27$3,859,082.62
IV. Other Administrative Expenses
Communications$ 165,000$ 178,000$ 170,139.81$ 138,340.18
Office occupancy expenses232,000194,000180,951.42399,939.67
Books and printing134,000138,000129,718.42117,755.41
Supplies and equipment126,000150,000141,834.44100,236.27
Miscellaneous107,000113,00094,052.4859,433.79
Total$ 764,000$ 773,000$ 716,696.57$ 815,705.32
Total$6,700,000$6,730,0001$6,559,647.85$5,711,426.11

Includes $520,000 supplementary appropriations approved by the Executive Board on July 23, 1958 and April 17,1959.

Includes $520,000 supplementary appropriations approved by the Executive Board on July 23, 1958 and April 17,1959.

Appendix IX (iii). Comparative Statement of Income

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

Apr. 30, 1957
Year Ended

Apr. 30, 1958
Year Ended

Apr. 30, 1959
Income
Service charges
Received in gold$ 2,762,888.24$ 3,328,658.10$ 1,317,585.21
Received in a member’s

currency
2,807,350.00—0——0—
Total$ 5,570,238.24$ 3,328,658.10$ 1,317,585.21
Charges on Fund’s holdings

of members’ cur-

rencies and securities in

excess of quotas
Received in gold$ 1,863,639.37$10,139,681.95$19,254,897.90
Received in members’

currencies
764,256.285,501,019.234,546,171.04
Total$ 2,627,895.65$15,640,701.18$23,801,068.94
Income from investments$ 4,904,173.67$ 3,334,657.781—0—2
Other operational income$ 186,730.45$ 1,280,795.52$ 2,054,058.77
Miscellaneous income335.47496.96499.31
Total Income$13,289,373.48$23,585,309.54$27,173,212.23
Total Administrative

Expenditure
$ 5,363,695.70$ 5,711,426.11$ 6,559,647.85

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

Excludes income amounting to $4,108,526.63, transferred to Special Reserve.

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

Excludes income amounting to $4,108,526.63, transferred to Special Reserve.

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