Posted on

FISA membership fees 2019

The FISA Council set the FISA membership fees for 2019 at its meeting on 7 November in Cape Town.  The annual membership fee will be R3,120 (2018: R2,950) if payment is made to reflect in FISA’s account by 31 March 2019.  Membership fees not paid by this date will be adjusted to R3,270.

Income sources

Membership fees account for approximately 69% of FISA’s income, with the annual conference contributing 16%.  The remaining 15% is more or less equally split between website advertising income, other sundry sources like sponsorships, and interest on reserves.  The international benchmark for a body like FISA is to hold reserves of approximately one year’s expenses.  FISA is not there yet, but aims to achieve that over the next 6 to 7 years.

FISA spends its money on the following:

Personnel costs 43%
Annual conference 16%
AGM, council and regional meetings 13%
Marketing and PR 12%
Information technology 6%
Professional, finance and other costs 10%

The 2018 FISA annual financial statements will be distributed to all members ahead of the 2019 annual general meeting (which will be held in Gauteng), and members attending will have the opportunity to engage with the FISA council about FISA’s finances.

Members are welcome to engage with council by sending an e-mail to [email protected].

Leave a Reply

Your email address will not be published. Required fields are marked *