pianc · aga 2017 –cairns, australia pianc fincom report • we have had a reasonable year •...

AGA 2017 – Cairns, Australia

PIANCThe World Association for

Waterborne Transport Infrastructure

Presentation by

Mr Ian White

at the occasion of the

AGA 2017 in Cairns


PIANC FinComAnnual Report 2016

What We Do

Who We Are

Report

Results 2016

Budget 2017 and Plan 2018-20

Risks

Key Issues


PIANC FinComWhat We Do

Our objective is that FinCom, in close collaboration with the

Secretary-General, shall:

• oversee the sound financial management of the Association on a

cost-effective basis in accordance with the Statutes;

• overview the financial transactions of the previous year, the

audited accounts, the management of the portfolio and the

overall financial situation of the Association;

• prepare for submission the annual budget and pay special

attention to the medium-term forecast of expenditures and

receipts for the ensuing three years;

• keep under review the accounting system of the Association and

the allocation of funds to the various activities;

• inform ExCom and report accordingly to Council and the AGA.


PIANC FinComWho We Are

• Ian White, UK, Chairman

• Herbert Smitz, Belgium, Secretary

• Neil Lawson, Australia

• Joe Mantey, US

• Louis Van Schel, Secretary-General

• Jan Reche, Germany

• Johan Boon, the Netherlands

• Remi van der Wijk, the Netherlands (YP)

• Xavier Laloum, Colombia

• Manuel Arana Burgos, Spain


PIANC FinComand what we look like!

Bruges Meeting May 2016


PIANC FinComReport

• We have had a reasonable year

• Membership has increased by 85 Individual Members

• Subscriptions have increased by € 45k but subventions have

decreased by € 30k

• Sales are over budget, up from € 20k to nearly € 30k

• Value of the Portfolio and annual income have decreased

• Yearbook profit of € 7,564

• However, smaller surplus of € 2,392 against a budget of € 36,170!

• PIANC-COPEDEC results are still outstanding, as well as a number of

subvention payments

• Think Climate Change seminar funded


PIANC FinComResults 2016

Receipts(€) Actual Budget Variance=Actual - Budget

Congresses and Seminars

Contributions (Subs.)

Subventions

Platinum Partners

Sales

Financial Income

Other Income

Total Income

21,018

342,401

130,150

29,856

29,856

24,723

29,839

609,776

59,000

305,000

166.250

32,500

20,000

45,000

25,000

652,750

-37,982

37,401

-36,100

-712

9,856

-20,277

4,839

-42,974

Expenditure (€) Actual Budget Variance=Actual - Budget

Congresses and Seminars

Commissions

Yearbook Print and Mail

Headquarters

Financial Charges, Taxes etc.

Total Expenditure

40,060

23,611

27,564

480,361

35,788

607,384

35,000

25.000

20.000

492,580

44,000

616,580

5,060

-1,389

7,564

-12,219

-8,212

9,196

Surplus(€) 2,392 36,170 -33,788


PIANC Budget 2017 and Business Plan 2018 to 2020

Income 2017 2018 2019 2020

Sales/Reports 20000 20000 20000 20000

Subventions and Subs. 480675 480675 480675 480675

Platinum Partners 32500 32500 32500 32500

Yearbook 25000 25000 25000 25000

Congress 0 100,000 0 0

Seminars 120,000 15000 15000 15000

Co-op Fund 0 0 0 0

Co-op Fund 0 0 0 0

Smart Rivers 30000 0 30000 0

Financial Income 45000 45000 45000 45000

Subtotal 753175 718175 648175 618175


Expenditure 2017 2018 2019 2020Material 5000 5000 5000 5000Commissions 25000 25000 25000 25000Year Book 20,000 20,000 20,000 20,000Events, Cop21, Congress 35000 30000 15000 20000ICT membership 5000 5000 5000 5000HQ 100500 96000 96000 96000Seminars 65000 5000 5000 5000Marketing 32500 32500 32500 32500Copedec 10000 10000 10000 15000Coop Fund 5000 5000 5000 5000Smart Rivers 5000 0 5000 0New Intiatives 40000 10000 5000 5000Nord PIANC 5000 0 5000 0Allowances SG +Pres 56200 42000 42000 42000Salaries 262500 265500 269000 270000Amortisation 2000 2000 2000 2000Financial charges 25000 25000 25000 25000Other costs 10000 10000 10000 10000Taxes 7000 7000 7000 7000Sub total 715700 595000 588500 589500

SURPLUS 37475 123175 59675 28675

Expenditure 2017 2018 2019 2020

Material 5000 5000 5000 5000

Commissions 25000 25000 25000 25000

Yearbook 20,000 20,000 20,000 20,000

Events, Cop21, Congress 35000 30000 15000 20000

ICT membership 5000 5000 5000 5000

HQ 100500 96000 96000 96000

Seminars 65000 5000 5000 5000

Marketing 32500 32500 32500 32500

PIANC-COPEDEC 10000 10000 10000 15000

Coop Fund 5000 5000 5000 5000

PIANC-SMART Rivers 5000 0 5000 0

New Intiatives 40000 10000 5000 5000

NordPIANC 5000 0 5000 0

Allowances SG +Pres 56200 42000 42000 42000

Salaries 262500 265500 269000 270000

Amortisation 2000 2000 2000 2000

Financial charges 25000 25000 25000 25000

Other costs 10000 10000 10000 10000

Taxes 7000 7000 7000 7000

Subtotal 715700 595000 588500 589500

SURPLUS 37475 118175 54675 58675


PIANC FinComRisks

• Recruitment of Secretary-General – appointed

• Office accommodation in Brussels – moved two floors!

• Loss of Platinum Partners: + one

• Reducing membership/income: + and -

• Income from events reduced and/or delayed – PIANC-COPEDEC

• Reducing income from the Portfolio - FinCom

• Unbudgeted events – consider as an opportunity?


PIANC FinComPortfolio

• Current value € 816,174, includes € 81,686 cash

• Current income + 0.26 %

• Invested with BNP Paribas

• Investment in long-term bonds

• We need independent European advice

• Article 27 compliance; does it need updating?


PIANC FinComKey Issues

• Up-to-date membership records

• Prompt payments

• Future funding of PIANC

• Value and investment strategy of the portfolio

• Subscription and subvention payments – should these be raised?

• FinCom input to Business Plan/Budget for Congresses

• New website

• COP 21

and for those of you who have forgotten them


PIANC FinComThe 5 R’s

• Recruit to find new QMs, Individual, Corporate and Platinum

Members

• Retain existing members

• Reconcile subscription payments against membership numbers

• Recover costs when organising events, not rely on HQ doing

a free job

• Reduce costs as appropriate

pianc · aga 2017 –cairns, australia pianc fincom report • we have had a reasonable year •...

Documents