Financial statements

The 2024 financial statement, approved by the Council on 6 November 2023, estimates a break-even closing of the financial year with an increase in the registration fee for 2024, which has been unchanged since 2019.  

REVENUE 

The new fee of €230.00 absorbs the ISTAT increase from 2019 equal to €28.50 and funding for new initiatives approved by the Council to ensure the performance of institutional functions and tasks and the implementation of categories of members with reduced fees. 

New initiatives relating to the performance of institutional tasks: Implementation of the staffing plan with the hiring of a manager responsible for the secretariat; 

- Elimination of secretarial rights for professional courses for all members. 

New reduced fees and increasing of solidarity fund: 

- New reduced fee for Over 70s to compensate for non-compulsory training; 

- Under 35 quota increased only by the Istat increase; 

- New parents fee increased to €40.00; 

- Doubling of the solidarity fund, with expansion of access requirements, for members unable to pay the fee due to serious health reasons or economic need. 

EXITS 

- The cost of personnel was estimated taking into account the current contractual agreements and the staff with the definitive inclusion of a manager and two employees fully operational in 2024; 

- €226,000 has been allocated for the costs of institutional services, help desks for members and consultancy via the DIMMI platform; 

- The contribution to the Foundation of the Order of Architects of Milan which, based on its new statute, provides services to members aimed at enhancing the profession as well as continuous training, has been reduced to €600,000; 

- The cost of €80,000 for the Certified Electronic Mail Order for all members has been confirmed; 

- The structural costs were forecast in line with those of the previous final balance sheet and taking into account the relative increases recorded in the current year and expected for 2024. 

The 2023 budget approved by the Council in December 2022, envisages a break-even end to the financial year, without the use of provisions and without an increase in the membership fee, despite the widespread increase in prices, according to the following figures.

REVENUE
It is expected to grow compared to 2022, due to the increase in the number of members, which is steadily rising following the decline resulting from the regulations on compulsory ongoing training. The total predicted income is approximately €2,445,000.00, most of which can be attributed to membership fees (€2,333,000.00), with the remainder coming from compound secretariat fees (€102,000.00) and refunds (€11,000.00). The trend for the first quarter of 2023 indicates that the forecast of a slight increase in enrolments was cautious, as more than 300 new enrolments have already been recorded.

EXPENDITURE
Expenditure was recalibrated against that recorded in 2022, with the following additional specific forecasts for 2023: for payroll costs, the costs of new staff to be added during the year, such as a manager and two members of office staff, were envisaged; for the contribution to the Foundation, a slight reduction in the fee for the performance of activities agreed upon was envisaged.

The 2022 budget approved by the Council in January 2022 predicts a break-even closing of the financial year, without the use of provisions, according to the following data.

For 2022, the budget was prepared using both economic and financial criteria. The economic budget breaks even, while the financial budget records a surplus of €27,250.00.

REVENUE

A slight reduction compared to 2021 is expected due to a conservative estimate of the number of members. The expected total income is approximately €2,366,000.00, most of which from membership fees (€2,260,000.00), with the remainder from secretariat fees (€88,000.00) and refunds (€15,000.00).

EXPENDITURE

Expenditure is substantially all in line with the expenditure recorded in 2021, some of it reclassified to allow a more analytical control of legal expenses attributable to the members' helpdesks and the implementation of the Dimmi platform.

The 2022 budget was prepared by the newly installed Council and is therefore based on prudent criteria, not yet envisaging the implementation of specific initiatives that will be developed during 2022.

The 2021 budget approved by the Council in December 2020, envisages a break-even end to the financial year, without the use of provisions, according to the following figures.

Revenue: It is expected to grow compared to 2020, due to the increase in the number of members, which is steadily rising following the decline resulting from the regulations on compulsory ongoing training. Total anticipated revenue is about €2,350,000, attributable largely to membership fees (€2,150.000), with the remainder coming from secretariat fees (€185,000) and refunds (€15,000).

The performance in the first quarter of 2021 indicates that the forecast of a slight increase in enrolment was cautious, as more than 300 new enrolments have already been recorded.

Expenditure: Expenditure is basically all in line with the expenditure recorded in 2020, with the following additional specific forecasts for 2021:

• Activation of the complete website overhaul, for €80,000

• Implementation of digital transformation, for €55,000.00

2021 will be the last year year of the current Council's term of office: the projects in which special resources have been invested therefore concern the completion of the fine-tuning of the digitisation of the Order, to leave the future Council with an efficient structure.

The 2020 financial statement results are significantly better than the forecast approved in 2019, even taking into account the measures on overdue payments, secretariat fees and the solidarity fund resolved in spring 2020 as a result of the Covid emergency, which had a major impact on revenue.

In short, with respect to the 2020 budget, revenue was reduced by approximately €120,000  as follows:

• Lower revenue due to overdue fees of approximately €22,000, more than offset (+€25,000) by higher revenue for registration fees

• Lower income from secretariat fees due to overdue payments ( -€75,000): this lower amount is due to the suspension of the activities of the Disciplinary Councils resolved for the Covid emergency, and is therefore absorbed by the reduced payment of fees to the Councils

• Lower income from secretariat fees for training (-€25,000), due to the resolution to suspend the application of fees to encourage training during the Covid emergency

• Lower revenues for secretarial fees for accreditation (-€21,000), due to reduced training activities of third parties
  
  

Expenditure recorded significant savings of approximately €280,000 , attributable mainly to the following items:

• €117,000 for personnel, attributable mainly to the postponement of the opening of replacement position C, operational from September 2020, the reduction in expenses for competitions and external contracts

• €40,000 for utilities and extraordinary maintenance, bank charges and bills due to lower costs for ordinary expenses as a result of the reduction in activities at headquarters and the non-renewal of furniture

• €10,000 in representation expenses, due to the sharp reduction in travel and transfers during the Covid emergency

• €48,000 in expenses for institutional services, due partly to the suspension of the payment of tokens to the Councils, reallocated to the solidarity fund, partly to the reduction in the activities of the Disciplinary Councils, and partly to the reduction in the representation expenses of the Councillors

• €60,000 for the implementation of the website, the tender and therefore activation of which was completed in March 2021

In short, the 2020 financial statement recorded €120,000 less revenue and €280,000 less expenditure, with a surplus of about €15,000; the 2020 budget had assumed access to reserves of €145,000; the overall account shows a positive impact of about €160,000  compared to the forecast.