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Annual Report 2000
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Financial Highlights
As a result of the efforts on the part of our scientists, staff, and friends, the past year, 1998/99, was finally sound and ended in a surplus. In fact, if the sum owed to us by the Israeli Government's Planning and Budgeting Committee is taken into account, it can at last be said that the accumulated historic deficit has been eliminated.
Over the past two years, considerable sums have been invested in the Institute's infrastructure, which for the most part is disturbingly old. We plan to continue in this direction in the coming years if financially feasible. Our goal is to upgrade the Insitute's infrastructure in full over the next few years - so as to free research efforts as much as possible from technical obstacles.
Income and Expenditures
All figures are given in adjusted new Israeli sekels (ANIS) as of September 30, 1999. The rate at that time stood at NIS 3.845 to 1 U.S. dollar. ANIS is the shekel adjusted to a constant value, neutralizing distortions resulting from inflation.
| Sources of Income 1998/99 | ANIS | % |
| Government of Israel through the Planningand Budgeting Committee | 339,358,000 | 49.4 |
| Direct donations and bequests | 108,884,000 | 15.9 |
| Research grants and projects | 196,621,000 | 28.6 |
| Financial revenues | 14,314,000 | 2.1 |
| Other revenues | 27,700,000 | 4.0 |
| Total Income | 686,877,000 | 100.0 |
| Principal Expenditures 1998/99 | ANIS | % |
| Salaries,fellowships, and related expenses | 448,766,000 | 65.5 |
| Research and teaching activities | 146,374,000 | 21.7 |
| Supplies and equipment | 12,387,000 | 1.8 |
| Administrative, maintenance,and othe operating expenses | 66,527,000 | 9.9 |
| Financial expenses | 548,000 | 0.1 |
| Total Expenditures | 674,602,000 | 100.0 |
| Surplus | *12,275,000 |
| * This surplus, when added to the special appropriation of ANIS 9,453,000 received in 98/99 from the Government of Israel for covering the accumulated deficit of the Weizmann Institute of Science over the years, served to practically aliminate the historic deficit |
| Sources of Income | % |
| Government of Israel | 49.4 |
| Donations and bequests | 15.9 |
| Research grants | 28.6 |
| Financial and other revenues | 6.1 |
| Principal expenditures | % |
| Sallaries and fellowships | 66.5 |
| Research, teaching, supplies and equipment | 23.5 |
| Financial expenses | 0.1 |
| Administrative, maintenance and other operating expenses | 9.9 |
| Development projects | ANIS |
| New buildings | 57,130,000 |
| Enhancement and refurbishing of existing buildings | 24,550,000 |
| Infrastructure | 13,841,000 |
| Total 1998/99 | 95,521,000 |
