ICMI Accounts 1995:

1 January - 31 December

Swiss Franc Account:

Income:
balance 1994 105.016,03
IMU (Schedule A: Administration) 11.000,00
IMU (Schedule B: Scientific Activities) 22.000,00
interest 682,04
__________
total 138.698,07
Expenditure:
transfer charges 12,82
transfer to US$ Account 20.000,00
ICMI balance 1995 118.685,25
__________
total 138.698,07

Den Danske Bank exchange rate, ult. 1995: 1 CHF = 0,87 US$


Danish Kroner Account:

Income:
ICMI balance 1994 1) 9.608,05
Solidarity Fund balance 1994 1) - 3.382,40
transfer from US$ Account
Solidarity Fund (562,00) to Solidarity Fund 		3.382,40
transfer from Sterling Account (500,00) 4.349,85
payment from CIDE, Madrid, for EC members' lectures 2) 15.804,21
1. payment (US$ 2.000) of UNESCO grant
to ICMI Study on Geometry 3) 		11.036,40
_________
total 40.798,51
Expenditure:
EC meeting in Madrid 2) 10.504,17
ICMI Study on Geometry in Catania (Italy), Secretary's expenses 3.774,00
typing of Bulletin 38 & 39 2480,00
credit card charge 150,00
transfer charges 30,00
Solidarity Fund balance 1995 0,00
ICMI Balance 1995 (account balance 23.860,34) 23.860,34
_________
total 40.798,51

Den Danske Bank exchange rate, ult. 1995: 1 DKR = 0,18 US$


Sterling Account:

Income:
balance 1994 21.407,96
CUP royalties for studies 22,01
interest 649,26
_________
total 22.079,23
Expenditure:
EC meeting in Madrid, members' accommodation and travels 4.303,10
ICMI Study on Geometry, Catania (Italy), President's expenses 420,35
EC member's participation in IX IACME 545,60
transfer to Danish Kroner Account 500,00
transfer charges 30,30
ICMI balance 1995 16.279,88
_________
total 22.079,23

Den Danske Bank exchange rate, ult. 1995: 1 GBP = 1,55 US$


US$ Account:

Income:
ICMI balance 1) 1994 - 11.333,96
Solidarity Fund balance 1) 1994 31.859,22
interest 1.204,02
reimbursement of ICMI expenditures at the Research Study 4) 5.553,32
transfer from Swiss Franc Account (20.000) 15.426,15
Contribution to the Solidarity Fund from
The Mathematics Education Research Group of Australiasia (MERGA) 		1.464,47
_________
total 44.173,22
Expenditure:
EC meetings, members' travels 4.416,64
ICMI contribution to SEACME 7 5) 2.000,00
ICMI Study on Geometry, Catania, IPC member's travel 727,00
ICMI outlay for Geometry Study Unesco grant 3) 3.085,14
transfer charges 79,58
Solidarity Fund transfer to DKR Account 562,00
Solidarity Fund balance 1995 32.761,69
ICMI balance 1995 (account balance 33.302,86) 541,17
_________
total 44.173,22


Notes:

  1. As a consequence of the ICMI General Assembly and Executive Committee meetings held in Quebec, August 1992, it was decided to establish an ICMI Solidarity Fund based on private contributions. The Solidarity Fund is mounted to assist mathematics education and mathematics educators in less affluent countries. Its money can only be spent (by a committee chaired by Professor Jean-Pierre Kahane) to serve such purposes and is therefore not part of ICMI's general resources. However, the appearance of the Solidarity Fund on the ICMI accounts for 1995 is due to the wish to keep ICMI's number of different bank accounts low. The accounts exhibit the ICMI balances and the Solidarity Fund balances separately.

  2. Part of the expenses concerning the EC meeting held in Madrid in February 1995 were covered by fees for lectures given by EC members at a seminar held by CIDE, Madrid.

  3. The UNESCO/ROSTE office generously contributed a grant of US$ 3.000 to the ICMI Study Conference on Perspectives of the Teaching of Geometry for the 21st Century, held in Catania, Sicily (Italy), 28 September - 2 October 1995. The payment, which is divided into two parts - US$ 2.000 and 1.000, respectively - was not yet made at the time of the conference. So, ICMI made an outlay of US$ 3.000 to the conference, for later reimbursement.

  4. A great deal of ICMI's expenditures in 1994 concerning the ICMI Study Conference on What is Research in Mathematics Education, and What Are Its Effects, held at the University of Maryland (USA), 8 - 11 May 1994, were reimbursed from the net surplus of the conference budget in 1995.

  5. SEACME 7 (The Seventh South East Asia Conference on Mathematics Education) is to be held in Hanoi (Vietnam) in June 1996.

  6. In addition to the amounts displayed directly in the accounts, considerable extra sums should appear but do not and cannot. In 1995 Roskilde University (the Secretary's home institution) has contributed a substantial support to ICMI's work (e.g. telephone and -fax, e-mail facilities, postage, all the printing and distribution costs of the Bulletin, plus secretarial help of various sorts). It is estimated that the total contribution of Roskilde University is equivalent about US$ 5.000. The ICMI Executive Committee expresses its gratitude for this generous support.

The Executive Committee's thanks also go to the institutions of its other members. These institutions, too, have given invisible support to ICMI's work in a variety of ways. For instance, in many cases these institutions have paid travel and other expenses related to participation in EC meetings and soforth.


Mogens Niss
13 February 1996