IKT accounts 2007 (click to download the account overview)
Comments on Financial Situation September 2006 – December 2007
There is one major change in the presentation of the financial situation of the IKT association : the budget will from now on be annualized (from January to December) and not overlap 2 years like it did previously (from July to June of the following year).
The reason for this change is that the membership cards are valid for one year only and that more and more members pay their membership fee by bank transfer, which is much easier to handle for the account holder than the cash payments at the Congress. So the annual budget reflects the activity of the association in a better way.
In 2007, 286 members paid their fee (but some late payments will surely still arrive in 2008, so that we will probably reach the number of 300 paying members).
As decided by the board, the members who did not pay their fee will be progressively withdrawn from the IKT-list on the website and not be considered as members anymore, this also in order to reflect the real size of our association.
The Ministry of Culture of Luxembourg supported the IKT with 15.000 € in 2007. It will do the same in 2008.
The Ministry of Culture of Luxembourg also provided 2 HS-Grants (2 x 500 €).
In 2007 we did not manage to have other sources to finance the grant, but IKT was nevertheless able to release 9 HS-Grants to its members due to the good financial situation.
Our expenses in 2007 were more than reasonable. The only noticable overcharge concerns the membership-cards which were difficult to budgetize before, as it is a new thing. This budget should stabilize itself in the coming year.
It is to foresee that the postmail costs will increase due to the sending of the cards, of the annual stickers and to the bank-transfer forms.
We are at your disposal for any other information.
Enrico Lunghi, president
Mirjam Westen, treasurer