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Notes on meeting with David Curry, Senior Manager, KPMG Geneva ...

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Comments on the 2006 Functional Budget



 The projected functional expenses are based on the total budget figure of

Swiss francs 494'500 approved by the 87th Council in Perth.

 It should be noted that the distribution of these expenses over the various

functions have been difficult to allocate, as we do not have actual data.

 The figures are based on a quick scan that was done in October 2004 for

the Task Force, before the start of the implementation of the downsizing

and streamlining of the office.

 The expenses at the end of 2006 are likely to show variations from the

budget. The total expenses, however, should not be more than the budget

voted by Council.

 As of 2007 we should be able to give a more realistic functional budget, as

it will be based on the actual expenses of 2006, when the reorganisation

will have been completed.

 Office rent and upkeep is expected to be lower, due to our move to new

premises.

 Postage expenses should be considerably less than voted on by Council,

as communication is now more and more by e-mail.







November 2005


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