AIESEC France new financial Model
1. Affiliation Fees How are they distributed?
Who pays Affiliation Fees Full member committees Member in alert committees Observatory member committees Expansions and Entities in Debt are not subject to MC Fees
Affiliation Fees are split according to 2 criterias Revenue (75%) Share of the revenues of the LC for the past 3 years compared to the other LCs â—‹ eg. for the fees of 2017-2018, we will take revenues from July 1st 2014 until June 30th 2017 The more revenue you have compared to other LCs, the more you pay. Conference revenue is excluded, only profit will be counted if there is.
Exchange Contribution (25%) Share of the exchanges realized of the LC for the past 3 years compared to the other LCs â—‹ eg. for the fees of 2017-2018, we will take exchanges from July 1st 2014 until June 30th 2017 The more exchange you have compared to other LCs, the less you pay.
How much? The overall amount of fees to be distributed is legislated by LCPs at the beginning of the term based on legislated planned MC budget
Timeline At the beginning of every term, LCs will receive an invoice with their yearly affiliation fees The invoice is to be paid in 12 monthly payments Monthly invoices will be sent by the 5th and payment should be made by the 20th For other payment timelines, please contact the MCVP Finance
2. Travel Cost Sharing What is it and how does it work?
What are Travel Cost Sharing? (TCS) Money paid by LCs to a fund (the TCS) Redistributed for conferences and summits to help LCs subsidize transportation to their members
How are TCS distributed? The TCS are distributed using the same criteria and between the same entities as affiliation fees The amount split is voted by LCPs at the beginning of the term
How to get TCS money for a conference? You’re not an expansion or an Entity in Debt 2/3 of your EB is coming Send to MCVP F: ○ Tickets (or car cost using mappy) for every member coming ○ DDL: the day before conference
What are the criterias for TCS allocation? Travel cost/person ○ The higher, the more money you get #delegates ○ The more delegates, the more money you get Financial balance ○ The higher, the less money you get An LC can only have TCS 3 times in the year. Only 3 LCs can receive TCS for one conference
3. Commission Fees What is it and how does it work?
What are Commission Fees? 25% of every exchange match which is paid to MC (+5â‚Ź) They are paid monthly (eg. in May, you pay for the matches of April)
Who pays Commission Fees? All entities matching an exchange in the previous month
What are the cost per exchange then?
61,25 €
92,50 €
oGCDP
oGIP
76,25 €
oGE
25% of revenue + 5€
ICX
4. Specifics for 1617 And why
Affiliation fees
Commissions
For the upcoming term, the association fee calculation for revenue will only include the past 2 years of data, not 3 (we do not have data beyond 2014-15).
Because Exchange-based fees for April/May/June are paid in Aug from old model, but the new model invoicing in July would only include the previous month (ie. June) so the invoice of July 2016 would include Royalties for April/May/June
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thanks! For any questions, contact the MCVP Finance of AIESEC in France Credits: Presentation template by SlidesCarnival