INTERNATIONAL SOLID WASTE ASSOCIATION - Denkstatt

6. Financial Overview
Annual Account 2009
The numbers for 2009 show an overall minor loss of
€ 8,481. This was due to a lower than budgeted income
of approx. € 78,000, accompanied with reduced expenses
of approx. € 67,000 below that budgeted. It can be
summarized that the loss in income could be nearly
compensated by a reduction in expenses.
External bookkeeping
Since the beginning of 2010 “Moore Stephens City
Treuhand”, located in Vienna, has been commissioned for
external bookkeeping matters. The costs are significantly
lower than before.
Budget 2010
The year 2010 is the first year in which the generous Vienna
grant has been made available, resulting in a significant
increase in income. The increase in staff expenses is due
to the agreement to provide comprehensive member
services and to extend the technical expertise. A major
share of the Vienna grant will be used for projects.
Budget 2011
As we have observed a steady reduction in membership
fees over the last years, we have taken this into account
and budgeted for a slightly reduced income from membership
fees. Whereas the amount budgeted for income
from publications, namely Waste Management & Research
has been increased.
With the arrival of the new GS Team we have foreseen
enhanced services to members, working groups, STC and
RDNs. Withstanding this staff expenses for 2011 are below
the 2010 budget.
A major share of the money from the Vienna grant will
be used for projects, studies, training and education.
The final budgeted result is a healthy surplus of
€ 32,000. Considering the losses sustained over the
last years we see this as a good opportunity to build
up some reserves.
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