1. Financial Report to the 2018 CODATA General Assembly
John Broome
CODATA Treasurer
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly

2. CODATA 2018 General Assembly
2017 Audit
Audit prepared by Chartered Accountants Sadec-Akelys (Paris) in Euros using accrual method.
No issues were identified by the auditor.
Dues to time constraints and complexity, a summary of the 2017 audit and 2018 budget is presented here.
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly

3. CODATA 2018 General Assembly
2017 Balance Sheet
Euros
Income
Expenditures
Net :
Assets (Dec 31, 2017)
(From final 2017 audit)
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly

4. CODATA 2018 General Assembly
2017 Assets
Dec 31, 2016
Dec. 31, 2017
Assets
(Euros)
Cash
Short term investment
79 865
73 345
Dues receivable
57 016
65 385
Interest, misc.
47 992
20 819
Total Assets:
Liabilities:
Accounts payable
41 031
42 509
Net Assets:
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly

5. CODATA 2018 General Assembly
Reserve Fund
A reserve of US$100,000 was established 2013 in the form of a term deposit in a Canadian bank.
The 2-year term matured April 12, 2018 with a value of C$ ( ~77K Euro)
To address the risk of possible cash flow issues, in April 2018 the EC withdrew half of the reserve and reinvested the remaining C$
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly

6. Nov., 2018; Gabarone v.4

7. CODATA 2018 General Assembly
Dues
2016
Dues invoiced: ……… Euros
Dues received: ……… Euros
2017
Dues invoiced: ……… Euros
Dues received to date: Euros
2018
Dues invoiced: Euros
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly

8. 2017 Member Contributions Total: 210 327 2017 2016 2015 7 314 10 478
Australia
7 314
7 300
7 180
Canada
10 478
10 457
10 292
China (Beijing)
36 201
38 318
24 552
China (Taipei)
6 732
6 719
6 613
Finland
2 096
2 091
2 058
India
8 397
8 892
7 418
Israel
2 414
2 555
2 396
Japan
31 373
31 311
30 818
Korea
7 754
8 207
6 762
Kenya
1 256
1 235 -
Mongolia
1 038
1 036
Netherland
6 287
6 274
6 175
Russia
10 441
10 442
10 196
South Africa
2 683
3 276
2 640
Ukraine
1 048
1 046
1 029
United Kingdom
20 956
27 776
20 586
United States
53 859
53 751
52 905
Total:

9. CODATA 2018 General Assembly
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly

10. CODATA 2018 General Assembly
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly

11. 2017 Expenditure Distribution
Task Groups
Strategic Activities
Administration & Core Functions
Governance &
Meetings
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly
Admin.

12. Nov., 2018; Gabarone v.4

13. CODATA 2018 General Assembly
Summary
2017
No issues were identified in the 2017 audit.
The deficit was ~47K Euros - close to the EC budget.
Assets remained adequate to cover 1 year of operations.
Increased spending areas: Strategic activities, administration, meeting travel.
Task Groups spent ~100% of allocated funds in 2017
2018
The 2018 budget was reduced by 43K Euros and balanced.
Decreased spending on governance and meetings.
New sources of income are required to increase activities.
Nov., 2018; Gabarone v.4
CODATA 2018 General Assembly

14. Thank you for your attention!

15. CODATA 2018 General Assembly
2018 Budget Distribution
Task Groups
Strategic Activities
Administration & Core Functions
Governance &
Meetings
Nov., 2018; Gabarone v.3
CODATA 2018 General Assembly
Admin.