Annual General MeetingWed, 27 Aug 2014

ISCB35 Vienna

ISCBTreasurer’s Report

FinancialReportISCB34Munich

Conference AccountIncome Total 375,255

1 Registration fee 264,235

2 Pre-conference Course/Mini Symposium fee 52,750

5 Sponsorship/Exhibitors 41,750

3-4 Excursions/Conference Banquet 16,520

Expense Total 281,410

1-5, 9-10

Congress organization including facilities 143,985

7.7 Congress management, LOC and SPC 79

7-8 Catering and social events 98,991

6 Invited speakers 18,824

11 Miscellaneous 19,531

Congress Surplus 93,845

13 Income from ISCB (ExCom & Awards) 8,875

7 Return of seed money (30,000)

1112

Membership fees paid to ISCB (14,260)

Congress surplus booked 58,460

Items 2013 2012

Assets

Bank Accounts subtotal 234,774 226,112

Nordea DKK account 138,988 138,793

Nordea Euro account 95,786 87,319

Others subtotal 97,216 68,651

Accounts receivable 1,457 38,651

Munich 2013 93,845 30,000

Vienna 2014 1,914

Total Assets 331,990 294,763

Liabilities

Owing to Permanent Office 10,797 9,266

Audit 2,095 2,095

Prepayment account, members 40

Accounts payable 1,204 1,676

Total Liabilities 14,096 13,076

ASSETS LESS LIABILITIES 317,894 281,687

EQUITY brought forward 281,687 278,419

Net Income 36,207 3,268

EQUITY carried forward 317,894 281,687

EquityPosition

ISCB Equity (in €1,000) 1998-2013

Membership 1992-2014

  budget   budget   results

2015   2014   2013

INCOME

Membership fees 22,000 21,000 26,240

Conference surplus 25,000 25,000 58,460

Advertising plus interest 1,000 1,000 900

Total 48,000 47,000 85,600

EXPENSES

Permanent Office 20,000 20,000 18,302

Officers and ExCom 6,000 4,000 9,276

Awards (students, scientists) 6,000 4,000 7,183

NG travel support 5,000 5,000 1,541

President invited speaker 1,000 1,000

Workshops 3,000 3,000 3,236

Newsletter 8,000 10,000 6,907

Miscellaneous 4,000   4,000   4,489

Total 53,000 51,000 49,393

2015BudgetProposal

Details for Budget ChangeKeep the membership dues unchangedDeficit budget (€4,000) to reduce the equityIncome adjusted upward from €47,000 to €48,000

Membership fee income from €21,000 to €22,000Expense adjusted upward from €51,000 to €53,000

Travel expenses for Officers/ExCom increased from €4,000 to €6,000

Travel expenses for SCA/CAS increased from €4,000 to €6,000

Newsletter expense reduced from €10,000 to €8,000

Expenses to controlPermanent office expenses have been going upExpenses for Officers/ExCom membersExpenses for travel awards

Budget ConsiderationsNeed to keep thrice (€150-180K) the operating

expenses in reserveThe current equity (~ €318K) is almost twice that

neededHow to spend down?

Expand the conference awards and the educational funds?

Reduce membership dues/annual conference registration fees for targeted nations?

Any other ways?ISCB’s own journal?

ProposalRemove National Groups

Time for that idea is well pastChange the fee structure to become truly

“international” à la the International Biometric Society model or the Royal Statistical Society

Two-tier Membership, Conference/Workshop feeRegular: €40 for active and €20 for student/retireeReduced: Half of regular for the “developing countries”

according to the World Bank criteriaSCT is discussing the sameKeep and even expand for the “developing countries”

Conference Scientist AwardsEducational Funds

    budget   budget   results  2014   2013   2012

INCOMEMembership fees 21,000 21,000 25,460Conference surplus 25,000 25,000 33,939Advertising plus interest 1,000 2,000 (189)Total 47,000 48,000 59,210

EXPENSESPermanent Office 20,000 20,000 22,901Officers and ExCom 4,000 4,000 6,163Awards 4,000 4,000 8,227NG travel support 5,000 5,000 3,407President invited speaker 1,000 1,000Workshops 3,000 3,000 2,869Newsletter 10,000 10,000 9,414Miscellaneous 4,000 4,000 2,961Total   51,000   51,000   55,942

    budget   budget   results  2013   2012   2011

INCOMEMembership fees 21,000 21,000 22,280Conference surplus 25,000 25,000 (19,507)Advertising plus interest 2,000 4,000 1,474Total 48,000 50,000 4,247

EXPENSESPermanent Office 20,000 18,000 20,162Officers and ExCom 4,000 7,000 4,252Awards 4,000 8,000 3,588NG travel support 5,000 5,000President invited speaker 1,000 2,000 629Workshops 3,000 4,000 2,513Newsletter 10,000 9,000 11,401Miscellaneous 4,000 4,000 3,944Total   51,000   57,000   46,489

    budget   budget   results  2012   2011   2010

INCOMEMembership fees 21,000 21,000 24,780Conference surplus 25,000 20,000 47,916Advertising plus interest 4,000 5,000 2,530Total 50,000 46,000 75,226

EXPENSESPermanent Office 18,000 16,000 17,434Officers and ExCom 7,000 7,000 1,096Awards 8,000 8,000 106NG travel support 5,000 2,000President invited speaker 2,000 2,000Workshops 4,000 7,000Newsletter 9,000 3,000 9,123Miscellaneous 4,000 1,000 2,901Total   57,000   46,000   30,659