Chapter

Appendix VI Administrative Budget

Author(s):
International Monetary Fund
Published Date:
September 1977
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Letter of Transmittal

August 2, 1977

Dear Mr. Chairman:

The administrative budget of the Fund approved by the Executive Board for the fiscal year ending April 30, 1978 is presented herewith, in accordance with Section 20 of the By-Laws. The presentation also shows actual expenses 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/

H. Johannes Witteveen

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, 1978 Compared with Actual Expenses for the Fiscal Years Ended April 30, 1976 and 1977

(Values expressed in special drawing rights)1

Category of ExpenseFiscal Year

Ending

Apr. 30, 1978
Fiscal Year Ended

Apr. 30, 1977
Fiscal Year

Ended

Apr. 30, 1976
BudgetRevised

Budget
Actual

Expenses
Actual

Expenses
I.Board of Governors1,527,2692,177,0791,887,9331,420,496
II.Executive Directors
Salaries2,896,2172,766,8242,762,0922,541,641
Other compensations and benefits881,944915,228875,105692,754
Travel731,368983,672956,267723,202
Total4,509,5294,665,7244,593,4643,957,597
III.Staff
Salaries27,761,01025,689,30225,418,22322,743,022
Other compensations and benefits16,281,11313,367,64413,365,0669,757,960
Travel5,665,9515,359,3745,001,5034,883,306
Total49,708,07444,416,32043,784,79237,384,288
IV.Special Services to Member Countries5,231,4334,875,6784,497,6554,002,199
V.Other Administrative Expenses
Communications1,832,7221,740,0971,686,0651,523,504
Office occupancy expenses2,090,8521,989,4191,742,8771,698,895
Books and printing1,127,1671,215,554941,286955,409
Supplies and equipment1,272,5811,157,9911,121,040988,880
Data processing services1,408,5291,274,6141,181,2481,029,479
Miscellaneous1,382,7161,180,9681,145,9721,104,711
Total9,114,5678,558,6437,818,4887,300,878
Total270,090,87264,693,44462,582,33254,065,458

The administrative budget is expressed in terms of U.S. dollars and converted to SDR equivalents.

Net administrative expenses for the fiscal year ended April 30, 1977 totaled SDR 60,782,287 after deduction of the amounts reimbursed to the General Account by assessments levied on the net cumulative allocations of participants in the Special Drawing Account (SDR 1,000,045), and for the estimated expenses of conducting the business of the Trust Fund (SDR 800,000). For the year ended April 30, 1976, net administrative expenses amounted to SDR 52,465,169 after deduction of SDR 1,600,289 in assessments levied on participants in the Special Drawing Account.

The administrative budget is expressed in terms of U.S. dollars and converted to SDR equivalents.

Net administrative expenses for the fiscal year ended April 30, 1977 totaled SDR 60,782,287 after deduction of the amounts reimbursed to the General Account by assessments levied on the net cumulative allocations of participants in the Special Drawing Account (SDR 1,000,045), and for the estimated expenses of conducting the business of the Trust Fund (SDR 800,000). For the year ended April 30, 1976, net administrative expenses amounted to SDR 52,465,169 after deduction of SDR 1,600,289 in assessments levied on participants in the Special Drawing Account.

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