doc 5 -- On Approval of Budget Proposal Motion On HQ Revised Budget (C3012) If the HQ Budget Proposal be approved by the Council, half year of this IFCSS term, the Council shall review and revise the Budget. The Council shall establish Financial Committee to accomplish this task. Definition: half year means six months from July 14, 1991. ----- Voting Result: YEA 13; NAY 0; ABSTAIN 2; ABSENT 1 Motion C3012 was Adopted. ------------------- Voting Record: Hu, Tiefeng YEA Yang, Guang YEA Wang, Jian ABSENT Sun, Shaojian YEA He, Baoping YEA Lu, Zhiwei YEA Lu, Ping YEA Wang, Yang YEA Dong, Qiqi YEA Gao, Qinglin YEA Gao, Hong ABSTAIN He, Ming YEA Ge, Xun YEA Ding, Jian YEA Wu, Tao ABSTAIN Wu, Yue YEA ----- ================ On Approval of Budget Proposal (HQ) (C3013) IFCSS Annual Budget Fiscal Year of 1991-1992 A. Revenue (Estimated) Annual Balance from last term $ 38,000.00 Donation from society $130,000.00 Student Service $ 40,000.00 Interest from banks $ 6,000.00 Grant from foundations $100,000.00 Total Revenue $314,000.00 ******************************************************************* B. Expenditure Operational cost Monthly Annually (1) The Headquarters staff compensation This includes equivalent to 4 full time staff members $1,200.00 X 4 $57,600.00 plus casual part time staffs. Housing compensation $500.00 X 4 $24,000.00 Public relations allowance $100.00 X 4 $4,800.00 Subtotal $86,400.00 ----------- (2) The Headquarters operation cost Subtotal $56,000.00 ---------- (The following are itemized costs for your reference) Office Rent $10,320.00 Tel. bill $12,000.00 Mailing $1,440.00 Office Supply $1,200.00 Printing/Copying $1,800.00 Travel/Transportation $20,000.00 Office Equipment $5,000.00 Miscellaneous $4,240.00 (3) The Council (16 members) Tele-conference $4,000.00 Tel. compensation $500.00 $6,000.00 Miscellaneous $1000.00 Subtotal $11,000.00 ---------- (4) The Supervisory Committee (5 members) Tele-conference $800.00 Tel. Compensation $150.00 $1,800.00 Miscellaneous $200.00 Subtotal $2,800.00 --------- (5) Regional Coordinators $7,000.00 --------- (6) Working Committee (Non self-supportable projects) $15,000.00 ---------- (7) Newsletters $12,000.00 ---------- (8) Project assistants $30,000.00 ---------- (9) The Fourth Congress $50,000.00 ---------- Total Expenditure $270,200.00 Balance for next term $314,000.00 - $270,200.00 --------------- $43,800.00 ----- Voting Result: YEA 11; NAY 1; ABSTAIN 2; ABSENT 2. The Budget Proposal (C3013) was Approved. ------------------- Voting Record: Hu, Tiefeng YEA Yang, Guang YEA Wang, Jian ABSENT Sun, Shaojian YEA He, Baoping YEA Lu, Zhiwei ABSENT Lu, Ping YEA Wang, Yang ABSTAIN Dong, Qiqi NAY Gao, Qinglin YEA Gao, Hong ABSTAIN He, Ming YEA Ge, Xun YEA Ding, Jian YEA Wu, Tao YEA Wu, Yue YEA ----- =============