Chapter

Appendix VII. Administrative Budget

Author(s):
International Monetary Fund
Published Date:
September 1962
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Letter of Transmittal

June 29, 1962

My dear Mr. Chairman:

The administrative budget of the Fund approved by the Executive Board for the Fiscal Year ending April 30, 1963 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

Administrative Budget as Approved by the Executive Board for the Fiscal Year Ending April 30, 1963, Compared with Actual Expenditures for the Fiscal Years 1960-61 and 1961-62
Category of ExpenditureBudget FY.

1962-63
F.Y. 1961-62Actual

Expenditures

F.Y. 1960-61
BudgetActual Expenditures
I. Board of Governors$ 288,000$ 380,000$ 369,257$ 221,887
II. Office of Executive Directors
Salaries$ 777,000$ 770,000$ 756,908$ 728,944
Other compensations and benefits171,000159,000149,179137,872
Travel233,000210,000181,648177,671
Total$1,181,000$1,139,000$1,087,735$1,044,487
III. Staff
Salaries$4,077,000$3,729,000$3,656,301$3,379,480
Other compensations and benefits1,437,0001,287,0001,265,2751,139,594
Travel930,000870,000798,275768,486
Total$6,444,000$5,886,000$5,719,851$5,287,560
IV. Other Administrative Expenses
Communications$ 234,000$ 230,000$ 222,943$ 180,882
Office occupancy expenses325,000317,000301,895200,380
Books and printing186,000175,000152,404135,759
Supplies and equipment160,000165,000153,137143,465
Miscellaneous162,000168,000142,755132,291
Total$1,067,000$1,055,000$ 973,134$ 792,777
Total$8,980,000$8,460,000$8,149,977$7,346,711

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