Updating the 2018 Budget
>WHEREAS the Board of Governors, by resolution of October 2017 approved the operating budgets for activities financed by unrestricted funds, fee for services income and designated funds of the Jewish Agency for Israel for the Fiscal Year January 1, 2018 through December 31, 2018 (collectively hereinafter – “The October Budget”); and
>WHEREAS the October Budget showed unallocated reductions of $8 million; and
WHEREAS the Executive approved changes to the October Budget as directed by the board of governors in October 2017 as detailed in appendix A; and
WHEREAS additional changes to the budget are required;
It is hereby resolved:
- To increase the budget of the Jewish Agency for Israel for the Fiscal Year January 1, 2018 through December 31, 2018, so that the current budget of $343.804M is increased by a net amount of $18.699M to an amount of $362.503M. This $18.699M increase, is due to an increase of $17.299M financed by fee for services and an increase of $1.4M financed by Designated Funds as detailed below:
U.S. dollars in thousands
Changes in expenses by Unrestricted Funds
|
Changes |
|
Masa Israel Journey |
1,200 |
|
Additional reduction to be allocated |
-1,200 |
|
Total |
0 |
U.S. dollars in thousands
Changes in expenses funded by Fee for Services income (parallel changes in both income and expenditure) |
Changes |
||
Israel Experiences |
Masa Israel Journey |
1,200 |
|
Israel Tech Challenge |
-135 |
||
Shlichim and Israel Fellows |
Community Educators (Shlichim) |
1,000 |
|
Israel Fellows |
2,270 |
||
Israeli Counselors in Summer Camps - North America |
-200 |
||
Young Activism |
Youth Villages |
3,523 |
|
Mechinot: Post-High School and Post-Army Service Learning |
550 |
||
Young Communities |
-209 |
||
Youth Centers – Neighborhood Social Renewal |
2,000 |
||
Partnerships |
International School Twinning Network |
263 |
|
Aliyah, Klita and Rescue |
Absorption Centers and Temporary Absorption Apartments |
-2,000 |
|
Initial Ulpanim |
400 |
||
Lone Immigrant Soldiers - Wings |
43 |
||
Activities with Russian Speaking Jews |
HEFTZIBA - Formal Education in FSU |
1,000 |
|
Programs with Former Soviet Union Emigres |
-142 |
||
Community Services (not including FSU) |
Community Activities |
582 |
|
Jewish Agency Wide Projects and Organizational Activities |
Amigour Social Housing |
4,654 |
|
Jewish Unity Activities - Conversion (including Nativ - Soldier Conversion) |
2,500 |
||
Total |
17,299 |
U.S. dollars in thousands
Changes in expenses funded by Designated Funds (parallel changes in both income and expenditure) |
Changes |
||
Israel Experiences |
Machon |
400 |
|
Jewish Agency Wide Projects and Organizational Activities |
Ami - Unity Initiative |
1,000 |
|
Total |
1,400 |
- To implement Agency-wide overhead reductions:
U.S. dollars in thousands
Changes in budget financed by Unrestricted Funds |
Changes |
Israel Experiences |
-38 |
Shlichim and Israel Fellows |
-29 |
Young Activism |
-19 |
Partnerships |
-44 |
Aliyah, Klita and Rescue |
-62 |
Activities with Russian Speaking Jews |
-69 |
Community Services (not including FSU) |
-23 |
Jewish Agency Wide Projects and Organizational Activities |
-40 |
Executive Offices |
-87 |
Support Units |
-1,238 |
Resources Development and Public Affairs |
-41 |
Subtotal |
-1,690 |
Overhead reduction -Agency-wide saving |
1,690 |
Total |
0 |
- To utilize the inflation reserve, to be restricted to actual inflation impact, as estimated below:
U.S. dollars in thousands
Changes in budget financed by Unrestricted Funds |
Changes |
Israel Experiences |
120 |
Shlichim and Israel Fellows |
180 |
Young Activism |
330 |
Partnerships |
150 |
Aliyah, Klita and Rescue |
730 |
Activities with Russian Speaking Jews |
130 |
Community Services (not including FSU) |
380 |
Jewish Agency Wide Projects and Organizational Activities |
150 |
Office of the Chairman |
110 |
Office of the Deputy Chairman of the Executive |
10 |
Office of the Director General |
100 |
Office of the Secretary General |
50 |
Board of Governors and Assembly |
20 |
Chief Operations Officer |
50 |
Human Resources and Administration |
180 |
Finance & Logistics |
450 |
Strategy, Research and Planning |
80 |
Legal Advisor |
60 |
Worldwide Regional Management |
280 |
Security Division |
100 |
Spokesman |
60 |
ERP, HR and other Organizational IT |
200 |
Resources Development and Public Affairs |
80 |
Inflation |
-4,000 |
Total |
0 |
- The Chairman of Budget and Finance, working with the Director General and the Chief Financial Officer, and following consultation with the Chairman of the Executive and the Chairman of the Board of Governors, is hereby directed to prepare and submit to the Executive within 60 days hereof, a program of the necessary budget adjustments of $2.5 million shown in the attached budget as "Additional reductions to be allocated".
Appendix A
Updating the 2018 Budget
WHEREAS the Board of Governors, by resolution of October 2017 approved the operating budgets for activities financed by unrestricted funds, fee for services income and designated funds of the Jewish Agency for Israel for the Fiscal Year January 1, 2018 through December 31, 2018 (collectively hereinafter – “The October Budget”); and
WHEREAS the October Budget showed unallocated reductions of $8 million; and
WHEREAS the Board of Governors authorized the Executive to make necessary budget adjustments;
It was resolved by the executive on January 8th to make changes in the October Budget resulting in an updated budget of $343.804M. The changes approved were as follows:
U.S. dollars in thousands
Changes in Unrestricted Income |
Changes from October Budget |
|
Other Core Income |
1,450 |
|
Total |
1,450 |
|
|
||
Changes in expenses financed by Unrestricted Funds |
Changes from October Budget |
|
Israel Experiences |
Masa Israel Journey - JAFI's commitment & GOI matching |
-2,170 |
Israel Experiences Marketplace |
-150 |
|
Young Activism |
Young Communities |
-150 |
Partnerships |
Partnership2GETHER - Managerial Infrastructure |
-300 |
STEM Twinning Network |
-100 |
|
Developing Small-Business Initiatives (loan funds) |
-80 |
|
Aliyah, Klita and Rescue |
Absorption Centers and Temporary Absorption Apartments |
-300 |
Employment platform for young Olim |
-70 |
|
At Home Together and Olim Associations |
-300 |
|
Jewish Agency Wide Projects and Organizational Activities |
New Initiatives to be launched |
-85 |
Israel Education in Schools Global Initiative - TBD |
-560 |
|
Additional reduction to be allocated |
6,725 |
|
Bridging partial effect in 2018 to the full expected savings in 2019 - TBD |
-1,010 |
|
Total |
1,450 |
U.S. dollars in thousands
Changes in expenses funded by Fee for Services income (parallel changes in both income and expenditure) |
Changes from October Budget |
||
Israel Experiences |
Masa Israel Journey - JAFI's commitment & GOI matching |
-2,170 |
|
Aliyah, Klita and Rescue |
Absorption Centers and Temporary Absorption Apartments |
300 |
|
Employment platform for young Olim |
-29 |
||
Total |
-1,899 |