The Financials of the IETF - 2003
Page last updated: November 6, 2004
The resources that are consumed by the IETF process is of two kinds:
- The time and energy spent by the participants is accounted for
by the participants or their organizations and is not included below.
- The financial resources spent to support the IETF operations.
This is described here.
The financial resources come in two groups:
- Funding from the Internet Society. This is accounted for in Internet
Society financial reports.
This supports:
- The RFC Editor - $516,460
- The IETF Chair's discretionary funds - $47,276
- The expenses related to the IAB - $37,270
- Insurance - $13,685
Total: $614,691
- Funding
from the meeting fees. This pays for the meetings and
the secretariat support, and is accounted for below. There is no money
moving either from ISOC to the secretariat or from the meeting fees to
ISOC.
A detailed breakdown of the IETF Chair and IAB funds is
listed separately.
The resources consumed and accounted for by others include:
- Labor invested by IESG members, IAB members, WG chairs, document
editors and working group participants. These receive no money from the IETF.
- Labor invested in the IETF IANA function. This is presently being
contributed at no charge by ICANN.
- Sponsorship of equipment, social events and connectivity to meetings
("hosting").
The numbers below are the financial numbers from Foretec for fiscal 2003.
These are UNAUDITED numbers, so should be expected to change slightly once
auditing is finished.
|
|
|
|
|
|
| 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)
|
|
|
|
|
|
Notes
"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.
