Review of the Fund's Income Position for FY 2005 and FY 2006

Review of the Fund's Income Position for FY 2005 and FY 2006

Prepared by the Finance Department
In consultation with the Legal Department

Approved by Michael G. Kuhn

April 11, 2005

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Contents

	Key Points
I.	Introduction
II.	The Fund's Income Position in FY 2005
III.	Precautionary Balances and Burden Sharing in FY 2005
IV.	FY 2006 Net Income Target and Rate of Charge Under the Existing Framework
V.	Considerations for Possible Changes in the Existing Framework for FY 2006
VI.	Review of Special Charges
VII.	Draft Decisions

Tables
Table 1.	Projected Regular Income—FY 2005
Table 2.	Projected Other Income—FY 2005
Table 3.	Rate of Charge

Text Boxes
Box 1.	The Fund's Rule on the Rate of Charge (Rule I-6(4))
Box 2.	Executive Board Decisions in Effect Related to the Fund's Income Position in FY 2005
Box 3.	The Fund's Precautionary Balances

Annexes
I.	History of Charges
II.	IAS 19 Accounting
III.	The Fund's Precautionary Balances in the GRA, 2000-2005
IV.	GRA Credit Outstanding and Remunerated Positions as at February 28, 2005
V.	Cumulative Burden Sharing Adjustments
VI.	Projected Income and Expense Financial Year 2005 and 2006
VII.	Reconciliation of Administrative Budget and Capital Budgets and Administrative Expenses
VIII.	Assumptions Underlying the Income Projections
IX.	Effect on Projections of Changes in Selected Assumptions