4. 2008 Budget

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-

 

 

 

 

 

Jewish Zionist Education Department

 

 

589-

 

 

 

 

 

Israel Department

 

 

194-

 

 

 

 

 

JAFI Wide Projects and Organizational Activities

 

 

14-

 

 

 

 

 

Executive Offices

 

 

48-

 

 

 

 

 

Support Units

 

 

399-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

 

-

 

 

 

 

E.       The Board notes that the Executive has resolved to make additional budget transfers at the joint request of the Operational Departments and the Finance Department, as detailed herein below:

 

U.S. dollars in thousands

 

Program

 

 

2008
Budget Changes

 

 

Immigration and Absorption Department:

 

 

 

 

 

Rescue, basic assistance and Promoting Aliyah

 

 

Aliyah Activities

 

 

205

 

 

Marketing & Raising Awareness

 

 

-258

 

 

Customer Support

 

 

-99

 

 

Aliyah Shlichim

 

 

165

 

 

Marketing of Youth Programs

 

 

-5

 

 

Aliyah of Choice –Overseas*

 

 

-1,000

 

 

Total

 

 

-992

 

 

Help for Olim-in–need

 

 

Absorption Centers

 

 

1,143

 

 

Social ,Cultural & Enrichment Activities

 

 

-17

 

 

Educational Programs

 

 

-85

 

 

Other Programs

 

 

-1,049

 

 

Aliyah of Choice –Israel*

 

 

1,000

 

 

Total

 

 

992

 

 

Grand Total

 

 

 

 

 

-

 

 

 

* Pending on Immigration & Absorption committee's approval

 

U.S. dollars in thousands

 

Program

 

 

 

 

 

2008
Budget Changes

 

 

Jewish Zionist Education Department:

 

 

 

 

 

Rescue, basic assistance

 

 

FSU - Ulpanim

 

 

-27

 

 

Total

 

 

-27

 

 

ERDS - Senior Educators

 

 

-14

 

 

ERDS - Training for Formal/
Informal Educators

 

 

-11

 

 

ERDS - Zionist Seminars

 

 

-10

 

 

JEI - Formative Year in Israel

 

 

26

 

 

FSU - HEFTZIBA

 

 

-17

 

 

FSU - Higher Education

 

 

-39

 

 

FSU - Jewish Identity

 

 

-86

 

 

FSU - Youth & Students Activities

 

 

210

 

 

Sunday School

 

 

-80

 

 

Beit Agnon - Youth & Students Activities

 

 

-25

 

 

Programs with FSU Émigrés

 

 

144

 

 

FSU - Youth Activities

 

 

-299

 

 

Education Activities in the World

 

 

56

 

 

Student Activities

 

 

-24

 

 

Educational Tech bridge

 

 

148

 

 

R & D - Hebrew Language Study

 

 

-172

 

 

Other Educators

 

 

-104

 

 

Other FSU

 

 

158

 

 

Young Leaderships Development

 

 

-33

 

 

Total

 

 

-172

 

 

Mutual connection and leadership

 

 

ERDS - Training for Formal/
Informal Educators MACHON

 

 

-155

 

 

Total

 

 

-155

 

 

Representatives & infrastructure

 

 

Departmental representatives & infrastructure

 

 

404

 

 

Total

 

 

404

 

 

Departmental Management

 

 

Departmental Management

 

 

-50

 

 

Total

 

 

-50

 

 

Grand Total

 

 

 

 

 

-

 

 

 

U.S. dollars in thousands

 

Program

 

 

2008
Budget Changes

 

 

Israel Department:

 

 

 

 

 

Jewish peoplehood and identity of young Israelis

 

 

Religious Streams

 

 

 

 

 

100

 

 

Scholarships - Management

 

 

-50

 

 

Total

 

 

50

 

 

Invest in opportunities for children and youth

 

 

Young Communities

 

 

-511

 

 

Youth Futures

 

 

90

 

 

Total

 

 

-421

 

 

Shape the future of Israel together

 

 

Partnership 2000

 

 

-90

 

 

Total

 

 

-90

 

 

Priority regions

 

 

Young Communities

 

 

511

 

 

Scholarships

 

 

50

 

 

Total

 

 

561

 

 

Grand Total

 

 

 

 

 

100

 

 

 

U.S. dollars in thousands

 

 

 

 

Program

 

 

2008 Budget Changes

 

 

JAFI Wide Projects and Organizational Activities & Support Units

 

 

 

 

 

Management

 

 

Worldwide Regional Management

 

 

110

 

 

Youth hostels and other depreciation

 

 

-110

 

 

Frozen Budget

 

 

-100

 

 

Total

 

 

-100

 

 

Grand Total

 

 

-100

 

 

 

 

 

 

 

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