IFFK stares at its biggest fund crunch

THIRUVANANTHAPURAM: Chalachitra academy – which at all times struggled to handle a stability between budget and precise expenditure whilst organizing International Film Festival of Kerala (IFFK) – is facing its greatest challenge this 12 months as the revenue from sale of delegate passes and sponsorship has fallen wanting expectancies.

While the academy had counted on raising Rs 2 crore by selling 10,000 passes, it could most effective sell 7,500 passes and the target fell brief by Rs 50 lakh. Efforts to muster an amount of Rs 2 crore via sponsorship didn't determine and academy officers admitted that the amount they raised came to around Rs 60 lakh.

Scrutiny of expenditure statements, mins of executive committee and common council of the academy over the past twenty years – got via RTI – confirmed that IFFK spending higher by just about nine times the real price incurred during the preliminary years of IFFK. Over the past three years, IFFK expenditure ranged from Rs five.4 crore to Rs 6.five crore.

Every 12 months, the proposed budget of IFFK numerous with the real expenditure despite the academy’s highest efforts to organize a realistic budget. For example, in 2002, the entire budget of IFFK used to be Rs 60 lakh; however the real expenditure used to be Rs 76 lakh. This distinction compelled the academy to seek additional budget.

The executive committee assembly ahead of 9th IFFK in 2004 had set the budget at Rs 129 lakh and since the amount used to be inadequate, a call used to be taken then to request additional budget (Rs 50 lakh) as grant from the state executive. The committee had also noted that regardless that plan allocation is given, in practice the federal government released most effective 85% of the budget. Thus, expenditure needed to be limited to 85% of budget and extra spending needed to be met from sponsors.

For 11th IFFK, budgetary allotment used to be Rs 130 lakh in 2006-07 and of this, the utmost amount which may be utilized used to be Rs 80 lakh. The executive committee noted that since the expenditure for 9th and 10th editions numerous between Rs 135 lakh and Rs 145 lakh, a realistic overview for 11th IFFK could be Rs 170 lakh. An additional sum of Rs 75 lakh used to be sanctioned by the federal government as particular grant.

The expenditure of 12th edition used to be Rs 1.96 crore, an increase of 10% from the real expenditure of the previous edition. The request for extra grant used to be Rs three crore in 2016 and the federal government obliged giving Rs 1.2 crore, whilst the inner budget used to be Rs 6.4 crore.

IFFK’s expenditure can be labeled underneath 37 heads. Costly items include movie hire, theatre hire, shuttle, freight fees, hospitality and ceremony expenses. Film hire is around Rs 45-52 lakh/12 months whilst theatre hire has proven an upward trend crossing 50 lakh during 17th edition. This 12 months, organizers needed to do moderately slightly of trimming. Flight tickets have been limited to competition motion pictures, curated sections have been dropped and lectures and workshops have been taken off or even the number of days in accommodations for guests have been lowered.

The committee took quite a lot of steps to cut back price prior to now. It engaged volunteers for 11th edition. The request for non-plan fund used to be positioned this 12 months and executive gave Rs 63 lakh underneath this head this 12 months. Organizers are in a fix to arrange the remainder sum.

IFFK stares at its biggest fund crunch IFFK stares at its biggest fund crunch Reviewed by Kailash on December 07, 2018 Rating: 5
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