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EMTA FINANCIAL MATTERS

EMTA FINANCIAL MATTERS. Closing accounts 2013 – Key facts Net result of € -43,573.22 EMTA reserves amounts to less than €100,000.00 All members are up to date with 2013 fees One new member (prorata temporis for 2013) Two members offices are closed (Valencia & Murcia)

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EMTA FINANCIAL MATTERS

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  1. EMTA FINANCIAL MATTERS Closing accounts 2013 – Key facts • Net result of € -43,573.22 • EMTA reserves amounts to less than €100,000.00 • All members are up to date with 2013 fees • One new member (prorata temporis for 2013) • Two members offices are closed (Valencia & Murcia) • One member resigned (Sheffield)

  2. Closing accounts 2013 Figures

  3. 1rst revised Budget 2014 – Key facts Expenses : • Less overhead charges (-5% vs 2013) • Savings on all other expenses when possible Revenues : • Stable (vs 2013), less financial products expected, ads paid • We loose Sevilla in 2014 • We still hope new members Net Result expected:€ -39,150

  4. 1rst revised Budget 2014 – Figures

  5. Decisions 1. Does the meeting agree to closing accounts 2013? 2. Do you endorse the revised budget 2014?

  6. How do we go from here? • Looking back at the last 8 years of budgets: an immanent threat in our financial situation • Do we identify the need to address these problems,to secure the future existence of EMTA? • How do we bridge the gap? (possible working solutions)

  7. Analysis of EMTA budget over a 9 year period (2005-2014)

  8. EMTA finances: how to balance expense and revenues • Urgent need to rebalance EMTA budget in 2015/16 • From 2011 expenses have grown (> € 168,000) while revenues fell (< € 128,000) • Top priorities in EMTA Working Program 2014-2016 slight expense increase: ± € 180,000 date 2016; • If in 2015 expenses are in control and 3 new members recruited at current fee (€ 5.000) the outcome would be : • A revenue level € 140,000 and still • A yearly deficit of € 40,000 > out of business in 2016 • Main question: what are the options?

  9. 3 options to make a better balance (1) 1. Recruiting new EMTA members Not easy in times of public funding cuts, time consuming! A need to use networks, seize the right moment, get all the support of members for recruitment of prospect cities. Proposal: set a target to have 34 members by end of 20162. Compensation from participation in EU- projects EMTA is reactive, heavily depends on consortia to support become a network partner. Incidental sources of income. Options limited by the available capacity of SG Proposal: select only projects that fit EMTA profile ; seek the personal support of EMTA members much as possible

  10. 3 options to make a better balance (2) 3. Reviewing the annual feeNote: from 2010 the fee was lowered from € 5,750 to € 5,000. Options: • A flat raise of € 1,500 (by 2015, phased or direct) for all members, irrespective of size or capacity, or • b. A variable raise depending on size of population of a member Option a. is most effective: by a € 1,500,-- raise revenue level amounts to € 160,000,-- with 26 members. Still not enough to bridge the gap of € 40,000,- and maintain a minimum reserve!

  11. New fee proposal per 2015 • an initial fee increase for all of € 1,000  per year date 2015 • a further fee increase in 2016 of € 500 carried out automatically, if EMTA by end of 2015 fails to recruit at least 3 new full paying members This scenario presupposes: • for 2015 28 members paying € 6,000 and • for 2016 28 members paying € 6,500 If for 2017 and 2018 we assume having 30 members in paying €6,500 the next graphic shows how this affects improvement of the cost-revenu balance, leaving a small reserve left, with still an annual deficit to bridge…..

  12. Summarizing the key board proposals • Continue to explore sensible ways of economizing • Assist from members for the secretary to recruit new members in order to achieve additional income • Set a future target on 34 (so 8 more) members over the next 3 years (2014-2017);  • Look for smart opportunities to be part of consortia that fits EMTA profile (Horizon2020) to attract funding • Endorse increase of fees for all € 1,000,-* date 2015, and • A further fee increase in 2016 of € 500,-* that will be implemented automatically, if by the end of 2015 fails to recruit at least 3 new paying members *Vilnius excepted with a 50% discount

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