A. It is hereby resolved to increase the framework of the operating budget for unrestricted activities of the Jewish Agency for Israel for the Fiscal Year January 1, 2008 through December 31, 2008, so that the current aggregate amount of $314.76M is increased by $590K as detailed herein below:
1. In the amount of $340K for the expansion of programs financed by fee for services:
U.S. dollars in thousands
|
|
2008
Budget Changes |
|
|
|
Source: |
|
|
|
|
Fee for services |
340 |
|
|
Total |
340 |
|
|
|
|
|
|
Applications: |
|
|
|
|
Formative Year in Israel |
162 |
|
|
|
ERDS - Training for Formal/Informal Educators MACHON |
149 |
|
|
|
FSU Heftzibah |
29 |
|
|
Total |
340 |
|
|
|
|
|
|
Grand Total |
- |
|
2. In the amount of $250K to finance new budgetary commitment to the Heftzibah program in ORT schools in the FSU. This increase was made in parallel to the IFCJ's 2008 commitment of $15M to the core budget, as follows:
U.S. dollars in thousands
|
|
2008
Budget Changes |
|
|
|
Source: |
|
|
|
|
Shortfall to be covered |
250 |
|
|
|
Total |
250 |
|
|
|
|
|
|
|
Applications: |
|
|
|
|
FSU Heftzibah |
250 |
|
|
Total |
250 |
|
|
|
|
|
|
Grand Total |
- |
|
B. The Board notes that the Executive has resolved to make income budget transfers, as detailed herein below:
U.S. dollars in thousands
|
|
2008
Budget Changes |
|
|
|
Income: |
|
|
|
|
Shortfall in core income to be raised |
-15,000 |
|
|
|
International fellowship |
15,000 |
|
|
Grand Total |
- |
|
C. The Board notes that the Executive has resolved to utilize a portion of the $5.14M inflation reserve , as detailed herein below:
U.S. dollars in thousands
|
Program |
2008
Budget Changes |
|
Sources: |
|
|
|
Inflation Reserve |
-1,358 |
|
|
Total |
-1,358 |
|
|
|
|
|
Applications: |
|
|
|
Emissaries salary increases according to the inter-ministerial committee resolution |
327 |
|
|
FSU local employees' salary inflation |
120 |
|
|
Security in absorption centers – increase in tariff costs with security companies |
325 |
|
|
Rent in Buenos Aires |
42 |
|
|
FSU inflation to infrastructure costs |
304 |
|
|
Depreciation |
240 |
|
|
Total |
1,358 |
|
|
|
|
|
Grand Total |
- |
D. The Board notes that the Executive has resolved to implement the $2,000K overhead reduction, approved by the Board of Governors in October 2007, as detailed herein below:
U.S. dollars in thousands
|
|
2008
Budget Changes |
|
|
Overhead Reduction to be Implemented |
2,000 |
|
|
Immigration and Absorption Department |
756- |
|
|