Updating 2019 Budget
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It is hereby resolved:
>1. To allow a one-time budget shortfall of $10.0 million in the operating budget of the Jewish Agency for Israel for the Fiscal Year January 1, 2019 through December 31, 2019, as part of the transition in the strategic process. This sum is comprised of a $3.5 million decrease in unrestricted income and a $6.5 million increase in expenses funded from the unrestricted budget, as detailed below:
U.S. dollars in thousands
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|
Changes from February Budget |
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|
Decrease in Unrestricted Funds (income contingency) |
3,500 |
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Increases in expenses funded from the Unrestricted Budget: |
|
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|
Aliya, Klita and Rescue |
Ethiopia – Gondar Compound |
850 |
|
|
Community Services (not including FSU) |
Worldwide Community Representatives |
355 |
|
|
Jewish Agency Wide Projects and Organizational Activities |
Jewish Unity Activities - Conversion (including Nativ - Soldier Conversion) |
400 |
|
|
Strategic Plan |
300 |
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|
Support Units |
245 |
||
|
Delay in Implementation of Early Retirement Plan |
2,350 |
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|
Additional One-time Programmatic Expenses |
2,000 |
||
|
Subtotal (Increase in Expenses) |
6,500 |
||
|
Total one-time shortfall |
10,000 |
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- To allocate the "Additional Reduction to be Allocated" in the amount of $2.5 million, which is part of the 2019 budget approved by the BOG in October, 2018, as detailed below:
U.S. dollars in thousands
|
Changes in budget financed by Unrestricted Funds |
Changes from February Budget |
|
Israel Experiences |
-63 |
|
Shlichim and Israel Fellows |
-382 |
|
Young Activism |
-133 |
|
Partnerships |
-83 |
|
Aliyah, Klita and Rescue |
-330 |
|
Community Services (not including FSU) |
-60 |
|
Jewish Agency Wide Projects and Organizational Activities |
-172 |
|
Executive Offices |
-63 |
|
Support Units |
-949 |
|
Resources Development and Public Affairs |
-265 |
|
Subtotal |
-2,500 |
|
Additional reduction to be allocated |
2,500 |
|
Total |
0 |
It is clarified that each program unit will have the authority to allocate the budget reductions among line items within the unit in coordination with the Finance unit.
- To increase the expenses funded by fee for services income in the 2019 budget in the amount of $0.374 million, as detailed below:
U.S. dollars in thousands
|
Changes in expenses funded by Fee for Services income (parallel changes in both income and expenditure) |
Changes from February Budget |
||
|
Community Services (not including FSU) |
NJET – Network for Jewish Educational Talent |
374 |
|
|
Total |
374 |
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- To increase the expenses funded by designated funds in the 2019 budget, in the amount of $0.80 million, as detailed below:
U.S. dollars in thousands
|
Changes in expenses funded by Designated Funds (parallel changes in both income and expenditures) |
Changes from February Budget |
||
|
Jewish Agency Wide Projects and Organizational Activities |
Strategic Plan |
800 |
|
|
Total |
800 |
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