Approved Budget for 2004

	US Dollars budgeted
Membership Dues *(3% increase = 1800 Euros/share * 207 shares = 372,600 Euros = ~ $405,000	335,000
UNESCO-ICSU
Bank Interest	12,000
TOTAL INCOME	347,000
EXPENDITURES
Conferences	130,000
Conference Travel Grants	40,000
ICTP for Publications for Devel. Countries	5,000
ICPE Newsletter	8,000
Commissions (incl. $10,000 for C13)	30,000
Council & Commission Chairs Meetings	30,000
Inter-Union
Working Groups      ICFA      Communication in Physics      Women in Physics      Facilities for Condensed Matter Physics      PANAGIC      Energy	25,000
General Assembly (Reserve for 2005)	10,000
Newsletters/Reports (includes General Report)	1,500
Subscriptions      ICSU      ICSTI	14,000 650
Secretariat      College Park, MD      Paris, France	42,000 6,000
Banking and Accounting	10,000
Liability Insurance	1,850
Contingency Fund	10,000
TOTAL EXPENDITURES	364,000
Surplus/Deficit anticipated	(17,000)

*Best estimate. If all Members paid their dues, this would be ~405,930

Conference Travel Grants 40,000
ICTP for Publications for Devel. Countries 5,000
ICPE Newsletter 8,000
Commissions (incl. $10,000 for C13) 30,000
Council & Commission Chairs Meetings 30,000
Inter-Union
Working Groups ICFA Communication in Physics Women in Physics Facilities for Condensed Matter Physics PANAGIC Energy 25,000
General Assembly (Reserve for 2005) 10,000
Newsletters/Reports (includes General Report) 1,500
Subscriptions ICSU ICSTI 14,000650
Secretariat College Park, MD Paris, France 42,0006,000
Banking and Accounting 10,000
Liability Insurance 1,850
Contingency Fund 10,000
TOTAL EXPENDITURES 364,000
Surplus/Deficit anticipated (17,000)