The resources that are consumed by the IETF process is of two kinds:
The resources consumed and accounted for by others include:
Secretariat Labor Expense | |
|
|
IETF Meeting Expenses | |
||
- Food & Beverage | $513 081 | ||
- Audio/Visual | $96 902 | ||
- Room Rental | $125 187 | ||
- Terminal Room | $66 294 | ||
- Other Meeting Exp | $13 367 | ||
Total IETF Meeting Expenses |
$814 831 |
||
Non-meeting expenses | |||
- Secretariat Travel | $78 947 | ||
- Materials & Supplies | $9 706 | ||
- Printing & Publications | $14 266 | ||
- Professional Services | $12 288 | ||
- Teleconferences & LD Charges | $32 582 | ||
- Miscellaneous | $0 | ||
- Equipment Rental | $1630 | ||
Total non-meeting Expenses |
$149 419 |
||
Indirect Expense | $641 939 |
||
Total Expenses | |
$2 139 125 |
|
Gross IETF Revenue | $2 060 747 | ||
Bank/Credit Card (Fees) | $62 826 | ||
Net IETF Revenue | $1 997 921 |
||
Surplus (Deficit) | ($141 204) |
||
"Indirect expense": Foretec allocates a percentage of its total general operating
expense to each of the company's projects according to their size as determined
by expenditures. The percentage is the same for all projects and is
determined at the end of the year when all direct and indirect expenses have
been booked. This expense is termed an "Indirect expense" and is that
expense that really can not be identified as belonging to a particular project
or is charged to the indirect pool by a uniform company wide policy.
The "Indirect expense" includes but is not limited to the cost of the following
items: the financial management of all accounts (i.e., accounts
receivable, accounts payable, payroll, general ledger, and reconciliation
of all accounts), network and computer support, general management, rent
and facilities (including heat and electricity for equipment, light and air-conditioning),
a CPA (to oversee Foretec's accounting record keeping and accounting procedures),
a year end audit, legal services, depreciation on equipment, Internet
access, recruiting, employee training, insurances, etc
The cost for "food and beverage" covers participants' breakfasts, coffe and
break food at IETF events. In the US, this is one way in which hotels recover
the cost of meeting rooms.
Outside the US, we are usually charged separately for the meeting rooms and
the food.
In 2003, we had a total of 4.216 attendees over 3 meetings.