MEDIA INSTITUTE OF SOUTHERN AFRICA SUMMARY INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED MARCH 31, 2004 Actual N$ 2004 Actual USD 2004 Budget USD 2003 Actual USD INCOME GRANTS RECEIVED BASKET FUNDING TOTAL BASKET FUNDS RECEIVED BASKET FUNDS CARRIED FORWARD NET BASKET FUNDS TOTAL OTHER GRANTS RECEIVED OTHER GRANTS CARRIED FORWARD NET OTHER GRANTS 20,990,085 (2,452,591) 18,537,494 2,919,289 (341,105) 2,578,184 1,899,500 1,899,500 1,522,618 (500,271) 1,022,347 3,735,131 (1,378,158) 2,356,973 519,480 (191,673) 327,806 978,700 978,700 980,630 (79,128) 901,503 TOTAL GRANTS 20,894,467 2,905,990 2,878,200 OTHER INCOME 371,132 51,617 TOTAL INCOME 21,265,599 2,957,607 2,878,200 1,984,168 PROG A - FREEDOM OF EXPRESSION CAMPAIGN 4,329,010 602,076 631,214 363,489 PROG B - MEDIA FREEDOM MONITORING 4,373,338 608,241 668,240 387,442 PROG C - CAMPAIGN FOR BROADCASTING DIVERSITY 2,608,584 362,800 471,856 476,505 PROG D - MEDIA SUPPORT ACTIVITIES 4,193,748 583,264 439,656 370,090 524,537 72,952 97,317 24,389 4,465,045 620,996 351,400 391,120 20,494,262 2,850,330 2,659,683 2,013,034 771,337 107,277 218,517 - 1,923,850 60,318 EXPENDITURE PROG E - LEGAL SUPPORT IMPLEMENTATION & MONITORING COSTS TOTAL EXPENDITURE SURPLUS (DEFICIT) Forex Gain on Conversion NET SURPLUS (DEFICIT) FOR THE YEAR 771,337 54,919 162,196 218,517 (28,866) 93,955 65,089 Notes: • • • • Basket Funds Grants were much higher than the budget figure mainly due to the balance carried forward from last year. However, Other Grants were much lower because the USAID grant anticipated at the time of the budget did not materialize. Although the overall expenditure was within budget limits, there were variations within the programme areas. Programme C (Broadcasting) expenditure was much lower due to staff changes – there was an extended delay in getting a work permit for the new Programme Manager. MISA Annual Report (April 2003 – March 2004) 109