Academic journal article Fontes Artis Musicae

2006 Treasurer's Report to Council and General Assembly July 2007

Academic journal article Fontes Artis Musicae

2006 Treasurer's Report to Council and General Assembly July 2007

Article excerpt


Income from membership for this year was a bit more than anticipated. Unfortunately not all branches were able to send their dues on time. Another 8,000 [euro] will be received, I expect, in 2007. I invite all branches to be punctual with sending their dues in the future, with Fontes back on schedule.

Almost all individual members paid their dues for 2006.

Miscellaneous income from label sales and especially advertising was less than expected.

Offshore investments produced a nice return in 2006.

Expenditure was less than expected, because the costs of printing and mailing Fontes were less than anticipated. Several issues of Fontes were shipped together, which reduced the costs.

In 2006 our expenditure exceeded income, because we had to pay for many issues of Fontes.

The Outreach Fund attracted a large donation from the Swedish Branch, which will be transferred to the Sydney Conference 2007.

2006 was the 9th year in which 2.5% of all income (minus donation) was donated to the Outreach Fund.

BUDGET 2004-2006

In this period it was not necessary to revise the rate at which the [euro] is calculated from the US$ or UK [pounds sterling].

Dues were increased in 2005. Despite a small decline in membership income has been stable.

Most of our investments matured in 2005 and the money was transferred to our US Bank account, unfortunately without making a profit.

At the end of this period the Association had at its disposal as a reserve a sum of one year's running costs.


As decided in 2006 dues will increase to 58 [euro] for institutions and 35 [euro] for individual members in 2008.

It seems wise for the Association to have at its disposal as a reserve a sum more or less equal to one year's running costs.

Membership is the main factor determining the Association's income. Price increases have to be taken into account as well.

The board wants to secure our investments by selling our shares in the HSBC Global Investment Funds SICAV and transfer the value to our US Bank Account.

As our members need to be informed well in advance about a rise in subscription dues, we'll have to decide on the increase for 2009 this year.

The board prefers a gradual increase, annual if necessary, to a single, large increase.

Therefore the board proposes a small increase of the dues to 59 [euro] and 35.50 [euro] respectively in 2009.

I am grateful to the 2006 auditors, Simeon Bodden and Joost van Gemert.


Association Internationale des Bibiotheques, Archives et Centres de Documentation Musicaux (AIBM)

International Association of Music Libraries, Archives and Documentation Centres (IAML)

Internationale Vereinigung der Musikbibliotheken, Musikarchive und Musik dokumentationszentren (IVMB)

Martie Severt, treasurer

February, 2007

                                                             UK [pounds
                                      [euro]        US$      sterling]

Australia                             1,797.50
Austria                                 860.00
Canada                                2,496.00
Croatia                                 308.00
Czech Rep.                              494.26
Denmark                               2,648.80
Estonia                                 721.60
Finland                               2,614.00
France                                3,555.20
Germany                               8,201.60
Hungary                                 435.00
Italy (part 2005-part 2006)           5,500.00
Japan                                 2,486.00
Netherlands                           3,176.80
New Zealand                             649.00
Norway                                3,176. … 
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