ISMA News - Association Suisse 6mJI

ISMA News International 6mJI Association Bulletin 1/2007
Notices from the ISMA office
From the Treasurer
I thought it would be helpful to summarise the accounts for the last three years. During this period, there were two
accounts, in Euro and in Swiss Francs. The following summary is in Euro, and combines both accounts. At the
end of 2004 we paid the ISAF fee for 2005 early, and I have moved it into the correct year. During 2005 there was
also some confusion over the correct class fee, and 64 boats paid Euro 100 each rather than Euro 50. As a result
they were not required to pay again in 2006. In the table I have moved the payments into the correct year.
2004 2005 2006
Fees 5,208.78 5,142.44 5,493.63
Sale of Sail Marks 0.00 6,312.50 2,837.50
Income for year 5,208.78 11,454.94 8,331.13
Add: balance from previous year 11,774.36 8,857.33 11,287.66
16,983.14 20,312.27 19,618.79
Expenditure…
ISAF subscriptions 268.75 217.38 248.00
ISMA News and website 7,500.00 7,500.00 7,500.00
Loss on inter-account transfers 287.05
Purchase of sail labels 1,190.63
Expenses 279.00 218.75
Bank charges 78.06 116.60 218.71
Total expenditure 8,125.81 9,024.61 8,472.51
…
Balance carried forward 8,857.33 11287.66 11,146.28
Note that fee income in 2005 was higher because some fleets paid at the rate of €100 per boat rather than €50.
The low figure for 2006 appears because those fleets that had paid the higher boat rate in 2005 made no further
payment for those boats in 2006.
As you can see, even with the introduction of the sail certification mark, our income is not really enough to cover
our expenses. Remember too that the amount we have paid to operate the website and publish the ISMA journal is
less than the true cost. It is only thanks to Beat Furrer that these essential communications survive.
Voting rights in 2007 are dependent on the fees paid in the previous year
(ISMA By-laws D4). Last year we collected fees for only 109 boats, as follows:
Belgium 1 Denmark 1
Finland 19 France 10
Germany 13 Great Britain 22
Netherlands 1 Sweden 2
Switzerland 18 USA 22
Total 109