Council approves 2005/06 budget

摘要

At its meeting in Sydney on 20 May, Council unanimously approved the operating budget for 2005/06, including expenditure of $23.386 million. Income for the same period is projected to be $23.159 million, comprising $14.9 million from member subscriptions, and $8.259 million from other sources including conferences, sponsorship and the assessment of overseas qualifications. While Council has budgeted for a deficit next year, the Institution's financial position will remain very sound. The planning process for this budget began last July, with the development and subsequent refinement of the Institution's Strategic Plan (distributed with the February edition of Engineers Australia magazine, and available online in the "About us" section of our website). Last November, Council agreed on the budget parameters, enabling National and Division Office directors and the major units of Engineers Australia to develop their own draft budgets, and for an Operational Plan to be developed for the whole organisation under the guidance of the chief executive.