Chapter

Appendix IV: Administrative Budget

Author(s):
International Monetary Fund
Published Date:
September 1971
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Letter of Transmittal

July 29, 1971

My dear Mr. Chairman:

The administrative budget of the Fund approved by the Executive Board for the Fiscal Year ending April 30, 1972 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, 1972 Compared with Actual Expenditures for the Fiscal Years Ended April 30, 1970 and 1971
Fiscal Year

Ending

Apr. 30, 1972
Fiscal Year Ended

Apr. 30, 1971
Fiscal Year

Ended

Apr. 30, 1970
Category of ExpenditureBudgetRevised

Budget1
Actual

Expenditures
Actual

Expenditures
1. Board of Governors$ 760,000$ 935,000$ 897,940$ 659,828
II. Executive Directors
Salaries$ 2,022,000$ 1,895,000$ 1,883,749$ 1,704,610
Other compensations and benefits564,000580,000537,189460,102
Travel435,000480,000448,478308,712
Total$ 3,021,000$ 2,955,000$ 2,869,416$ 2,473,424
III. Staff
Salaries$16,444,000$14,120,000$14,029,376$11,858,137
Other compensations and benefits6,523,0005,667,0005,565,5044,708,909
Travel3,830,0003,475,0003,185,8853,086,714
Total$26,797,000$23,262,000$22,780,765$19,653,760
IV. Special Services to Member Countries$ 2,991,000$ 2,579,000$ 2,465,737$ 2,175,493
V. Other Administrative Expenses
Communications$ 949,000$ 899,000$ 810,135$ 797,915
Office occupancy expenses1,109,0001,012,000961,458741,181
Books and printing730,000675,000623,345636,996
Supplies and equipment719,000707,000682,784542,085
Data processing services650,000545,000481,668310,759
Miscellaneous774,000681,000676,771641,155
Total$ 4,931,000$ 4,519,000$ 4,236,161$ 3,670,091
Total2$38,500,000$34,250,000$33,250,019$28,632,596

Includes supplementary appropriations of $550,000 approved by the Executive Directors on February 26, 1971.

Net administrative expenditures for fiscal year ending April 30, 1971 totaled $32,359,166 after deduction of $890,853 reimbursed to the General Account by assessments levied on the net cumulative allocations of participants in the Special Drawing Account. The comparable figures for fiscal year ended April 30, 1970 were $27,744,940 and $887,656, respectively.

Includes supplementary appropriations of $550,000 approved by the Executive Directors on February 26, 1971.

Net administrative expenditures for fiscal year ending April 30, 1971 totaled $32,359,166 after deduction of $890,853 reimbursed to the General Account by assessments levied on the net cumulative allocations of participants in the Special Drawing Account. The comparable figures for fiscal year ended April 30, 1970 were $27,744,940 and $887,656, respectively.

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