5. 2008 Budget

It is hereby resolved:

 

A.      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 $315.35M is increased by $5.48M as detailed herein below:

 

1.       On Feb 24, 2008, Keren Hayesod decided to increase its commitment to the core budget from $44M to $46.25M, and that an amount of $400K be used to finance educational programs in
Latin America and $250K be used to finance South African Israel experience programs, as follows:

 

U.S. dollars in thousands

 

 

 

 

2008
Budget Changes

 

 

 
 

Income:

 

 

 

 

 

 

 

 

 

Keren Hayesod

 

 

2,250

 

 

 

 

 

 

Shortfall to be covered

 

 

-1,600

 

 

 

 

 

 

 Total

 

 

650

 

 

 

 

 

 

 

 

 

 

 

 

 

Expenditure:

 

 

 

 

 

 

 

 

 

Educational programs in
Latin America

 

 

400

 

 

 

 

 

 

South African
Israel
experience programs

 

 

250

 

 

 

     Total

 

 

650

 

 

 

 

 

 

 

 

 

 

Grand Total

 

 

-

 

 

 

 

 

2.       To increase in the amount of $3,430K for the expansion of programs financed by fee for services:

 

U.S. dollars in thousands

 

 

 

 

 

 

 

 

 

 

2008
Budget Changes

 

 

 
 

Source:

 

 

 

 

 

 

 

 

 

Fee for services

 

 

3,430

 

 

 

    Total

 

 

3,430

 

 

 

 

 

 

 

 

 

 

Applications:

 

 

 

 

 

 

 

 

 

Absorption Centers

 

 

1,800

 

 

 

 

 

 

Rental Subsidy for New Immigrants

 

 

1,000

 

 

 

 

 

 

Kindergartens & day camps in Absorp. Centers

 

 

182

 

 

 

 

 

 

Aliyah Day

 

 

93

 

 

 

 

 

 

Social ,Cultural & Enrichment Activities

 

 

90

 

 

 

 

 

 

Kedma

 

 

34

 

 

 

 

 

 

Magen David Volunteers

 

 

21

 

 

 

 

 

 

FSU - Jewish Identity

 

 

109

 

 

 

 

 

 

"MAKOM" (NACIE)

 

 

56

 

 

 

 

 

 

Youth Aliyah

 

 

45

 

 

 

    Total

 

 

3,430

 

 

 

 

 

 

 

 

 

 

Grand Total

 

 

-

 

 

 

 

 

3.       To make technical corrections in the amount of $1,400K regarding the budgets of Subsidiary Companies (other income line) as follows:

 

U.S. dollars in thousands

 

 

 

 

 

 

 

 

 

 

2008
Budget Changes

 

 

 
 

Source:

 

 

 

 

 

 

 

 

 

Other income

 

 

1,400

 

 

 

    Total

 

 

1,400

 

 

 

 

 

 

 

 

 

 

Applications:

 

 

 

 

 

 

 

 

 

REP

 

 

1,000

 

 

 

 

 

 


Israel
experience

 

 

400

 

 

 

    Total

 

 

1,400

 

 

 

 

 

 

 

 

 

 

Grand Total

 

 

-

 

 

 

 

 

B.      The Board notes that the Executive has resolved to utilize a portion of the remaining $3.78M inflation reserve, as detailed herein below:

 

U.S. dollars in thousands

 

Program

 

 

2008
Budget Changes

 

 

Sources:

 

 

 

 

 

 

 

 

Inflation Reserve

 

 

-826

 

 

 

 

 

Total

 

 

-826

 

 

 

 

 

 

 

 

 

 

 

Applications:

 

 

 

 

 

 

 

 

Immigration & absorption department

 

 

422

 

 

 

 

 

Education department

 

 

404

 

 

 

 

 

Total

 

 

826

 

 

 

 

 

 

 

 

 

 

 

Grand Total

 

 

-

 

 

 

 

C.      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

 

 

-51

 

 

Marketing & Raising Awareness

 

 

117

 

 

Closing the Deal - Aliyah

 

 

-30

 

 

Pre Aliyah
Tours

 

 

141

 

 

Interns

 

 

-151

 

 

Publications & Information for Potential Olim

 

 

-5

 

 

Global Center for Aliyah

 

 

-19

 

 

Aliyah Encouragement and Emissaries - Management

 

 

-77

 

 

Other Programs (includes exchange rate fluctuation reserve)

 

 

4

 

 

Total

 

 

-71

 

 

Mobilizing for all Olim

 

 

At Home and Together

 

 

-101

 

 

Other Programs (includes exchange rate fluctuation reserve)

 

 

16

 

 

Total

 

 

-85

 

 

Help for Olim-in–need

 

 

Absorption Centers

 

 

342

 

 

Social ,Cultural & Enrichment Activities

 

 

25

 

 

Kedma

 

 

-4

 

 

Kibbutz Ulpans

 

 

-131

 

 

Kindergartens & day camps in Absorp. Centers

 

 

-237

 

 

Selah

 

 

-9

 

 

Student Authority

 

 

-4

 

 

Atid

 

 

-30

 

 

Welfare Activities in Absorption Centers

 

 

16

 

 

Individual welfare assistance

 

 

-14

 

 

Absorption in
Israel
- Management

 

 

-147

 

 

Educational Programs

 

 

9

 

 

Other Programs (includes exchange rate fluctuation reserve)

 

 

-8

 

 

Total

 

 

-192

 

 

Departmental representatives & infrastructure

 

 

Representatives & infrastructure

 

 

-36

 

 

Total

 

 

-36

 

 

Departmental Management

 

 

Management

 

 

-130

 

 

Total

 

 

-130

 

 

General

 

 

Overhead Reduction to be Implemented

 

 

514

 

 

Total

 

 

514

 

 

Grand Total

 

 

 

 

 

-

 

 

 

U.S. dollars in thousands

 

Program

 

 

 

 

 

2008
Budget Changes

 

 

Jewish Zionist Education Department:

 

 

 

 

 

Rescue, basic assistance

 

 

FSU - Ulpanim

 

 

-10

 

 

Total

 

 

-10

 

 

Activities in Regions: Youth Movements

 

 

-54

 

 

ERDS - Training for Formal/Informal Educators

 

 

63

 

 

ERDS - Volunteer Monitoring and Training

 

 

-44

 

 

Summer/ Winter Camps (FSU and the rest of the world)

 

 

15

 

 

ERDS - Zionist Seminars

 

 

-24

 

 

JEI - Formative Year in Israel

 

 

-102

 

 

FSU - HEFTZIBA

 

 

-4

 

 

FSU - Higher Education

 

 

-21

 

 

FSU - Jewish Identity

 

 

38

 

 

FSU - Youth & Students Activities

 

 

71

 

 

Beit Agnon - Youth & Students Activities

 

 

-8

 

 

Programs with FSU Émigrés

 

 

-27

 

 

FSU - Youth Activities

 

 

3

 

 

"MAKOM" (NACIE)

 

 

22

 

 

Education Activities in the World

 

 

70

 

 

Student Activities

 

 

-2

 

 

Educational Tech bridge

 

 

-94

 

 

R & D - Hebrew Language Study

 

 

-26

 

 

Other Educators

 

 

124

 

 

Other FSU

 

 

-72

 

 

Other Programs (includes exchange rate fluctuation reserve)

 

 

-146

 

 

Total

 

 

-218

 

 

Mutual connection and leadership

 

 

ERDS - Training for Formal/Informal Educators MACHON

 

 

-14

 

 

Other Programs (includes exchange rate fluctuation reserve)

 

 

14

 

 

Total

 

 

-

 

 

Departmental representatives & infrastructure

 

 

Representatives & infrastructure

 

 

-45

 

 

Total

 

 

-45

 

 

Departmental Management

 

 

Management

 

 

-171

 

 

Total

 

 

-171

 

 

General

 

 

Overhead Reduction to be Implemented

 

 

444

 

 

Total

 

 

444

 

 

Grand Total

 

 

 

 

 

-

 

 

 



U.S. dollars in thousands

 

Program

 

 

2008
Budget Changes

 

 

Israel Department:

 

 

 

 

 

Invest in opportunities for children and youth

 

 

Educational Advancement - Net@

 

 

73

 

 

Educational Advancement - Other

 

 

-250

 

 

Youth Aliyah

 

 

-11

 

 

Other Programs (includes exchange rate fluctuation reserve)

 

 

13

 

 

Total

 

 

-175

 

 

Shape the future of Israel together

 

 

Partnership 2000

 

 

-98

 

 

Other Programs (includes exchange rate fluctuation reserve)

 

 

9

 

 

Total

 

 

-89

 

 

Priority regions

 

 

Young Communities

 

 

120

 

 

Developing Small-Business Initiatives

 

 

-1

 

 

Total

 

 

119

 

 

Departmental representatives & infrastructure

 

 

Representatives & infrastructure

 

 

-217

 

 

Total

 

 

-217

 

 

Departmental Management

 

 

Management

 

 

-66

 

 

Total

 

 

-66

 

 

General

 

 

Required programs cuts

 

 

200

 

 

Overhead Reduction to be Implemented

 

 

228

 

 

Total

 

 

428

 

 

Grand Total

 

 

 

 

 

-

 

 

 

U.S. dollars in thousands

 

 

 

 

Program

 

 

2008 Budget Changes

 

 

Support Units

 

 

 

 

 

Management

 

 

Worldwide Regional Management

 

 

-475

 

 

Israel Merged Region

 

 

652-

 

 

Total

 

 

-1,127

 

 

JAFI Wide Projects and Organizational Activities

 

 

 

 

 

Management

 

 

Activities with the FSU Community

 

 

475

 

 

Connecting JAFI to Israel Society

 

 

652

 

 

Total

 

 

1,127

 

 

Grand Total

 

 

-

 

 

 

 

 

 

 

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29 Jun 2008 / 26 Sivan 5768 0