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The Treasurers and representatives of IPA Component Societies met at the Casa Piedra in Santiago, Chile, on Sunday 25 July 1999. The IPA Treasurer, Dr Stephen Firestein, welcomed the members to the meeting, and explained the budget changes that had been made for 1999.
In 1999 the IPA Finance Committee created a new category of ‘Budgeted Not Funded’. This BNF category allocated funds to a committee, but suspended their availability until the Budget and Finance committee receives sufficient financial information to allow release.
Last year the IPA changed its corporate structure: the International Psychoanalytical Association (IPA) and the IPA Fund were incorporated in Delaware in the USA, and the IPA Trust Limited and IPA (Trading) Limited were incorporated in the UK. The IPA is the membership organisation, to which all dues are paid. The IPA Trust Limited and IPA Fund are registered charities carrying out charitable works. IPA (Trading) Limited is a trading company, wholly owned by the UK charity, which carries on various trading and non-charitable activities. The reserves are also held by the