1. International Journal of Epidemiology
Financial Report as at Feb-17

2. IJE Financial Report as at Feb-17
An Overview:
An agreement has been established between International Epidemiological Association and Western Sydney Local Health District in May 2016.
The agreement provides funding for three years to support the IJE editorial office costs for the journal.
The office started its work in Aug-2016.
The estimated total number of papers reviewed by the office from Aug -16 to date is 914.

3. IJE Financial Report as at Feb-17
Financial Report Key points:
The agreement of funding is for three years for US$170,000/annum staring from Jan-17.
An interim payment of US$50,000 was made in Aug-16 to cover the period from Aug-16 to Dec-16.
Total number of consultants engaged in the Editorial office in addition to the Chief Editor is four.
An IJE Trainee editor was appointed in Jan-17.The cost for his services is not reflected on the financial report (Excel Table).
Invoicing to transfer the funds is on annual basis for as per agreement.

4. IJE Financial Report as at Feb-17
First invoice for funding was raised in Aug-16 for $50,000 and was fully paid by IJE in UK.
For 2017 funding, an invoice was raised to IJE main Office in UK for total amount of US$170,000 equivalent to A$ $224,000, however only $109,000 was received to date.
The balance of $115,000 will be paid to Western Sydney Local Health District in late Apr- 17.
Actual available Net Balance after editorial office’ expenses as at Feb-17 is $95,602.
Total amount of recent approved invoices & not charged yet in the system as at Feb-17 is $14,232.
A projection for the Net Balance (Surplus/Deficit) for Dec-17 has been included in the report.

5. IJE Financial Report as at Feb-17
The projection of costs is based on the number of contracted hours per month for IJE Consultants.
The projection to Dec-17 indicates a deficit by $41,399.
The projection is based on consultants’ salaries only, it does not include any Conference or travel costs.
The above results indicates the very high activity of the Editorial Office and funds will not be sufficient to cover the activity.

6. IJE Financial Report as at Feb-17
Recommendations:
To stay in line with allocated funding for 2017 i.e. $224,000, each consultant would need to cut down working hours by 5 hours per month. In effect, a cut of total 20 hours of work per month.