ATTACHMENT-4 BUDGET FOR THE YEAR 2017 ACTUAL BUDGET ACTUAL BUDGET UPTO BUDGET ITEM 2015 2015 2016 31/08/2016 2017 (US$) (US$) (US$) (US$) (US$) INCOME Subscription from 106,500 102,800 107,800 114,500 144,400 members 12,000 12,000 12,000 9,000 12,000 Interest Total Income 118,500 114,800 119,800 123,500 156,400 EXPENDITURE IFFTI Initiatives a) Senior Faculty (2) 4,600 4,600 4,600 4,000 4,600 b) Junior Faculty (3) 6,900 6,900 6,900 6,000 6,900 c) PG/Research 4,600 4,600 4,600 4,000 4,600 Students (2) d) Installations 2,000 2,000 - - e) Faculty 10,000 2,000 15,000 4,000 15,000 Exchange(10) f) IFFTI Publications 10,000 10,000 10,000 10,000 - g) Support to host 12,000 12,000 12,000 12,000 12,000 Institution Total IFFTI Initiatives 50,100 42,100 53,100 30,000 53,100 Administrative 47,000 38,400 44,600 29,381 48,600 expenses Travel expenses 16,000 14,800 11,000 3,600 10,000 IFFTI website 5,000 2,000 2,000 191 2,000 maintenance IFFTI website renewal 5,000 - 5,000 3,092 - Total Expenditure 123,100 97,300 115,700 66,264 113,700 Net income (loss) - 4,600 17,500 4,100 57,236 42,700
ATTACHMENT-4 BUDGET FOR THE YEAR 2017 ITEM BUDGET 2015 ACTUAL 2015 BUDGET 2016 ACTUAL UPTO 31/08/2016 BUDGET 2017 (US$) (US$) (US$) (US$) (US$) INCOME Subscription from members 106,500 102,800 107,800 114,500 144,400 Interest 12,000 12,000 12,000 9,000 12,000 Total Income 118,500 114,800 119,800 123,500 156,400 EXPENDITURE IFFTI Initiatives a) Senior Faculty (2) 4,600 4,600 4,600 4,000 4,600 b) Junior Faculty (3) 6,900 6,900 6,900 6,000 6,900 c) PG/Research Students (2) 4,600 4,600 4,600 4,000 4,600 d) Installations 2,000 2,000 - - e) Faculty Exchange(10) 10,000 2,000 15,000 4,000 15,000 f) IFFTI Publications 10,000 10,000 10,000 - 10,000 g) Support to host Institution 12,000 12,000 12,000 12,000 12,000 Total IFFTI Initiatives 50,100 42,100 53,100 30,000 53,100 Administrative expenses 47,000 38,400 44,600 29,381 48,600 Travel expenses 16,000 14,800 11,000 3,600 10,000 IFFTI website maintenance 5,000 2,000 2,000 191 2,000 IFFTI website renewal 5,000 - 5,000 3,092 - Total Expenditure 123,100 97,300 115,700 66,264 113,700 Net income (loss) - 4,600 17,500 4,100 57,236 42,700
36-Agenda.docx