Closing Treasurers Report 2019 07 19 G Zimmerman

Closing Treasurer’s Report 2019 -07 -19 G. Zimmerman w/ C. Chaplin 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 1

2019 T 2 Session Closing Estimate (Vienna) • As of 7/19 - $484, 950 income, 731 registered 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 2

Highlights • Vienna closing registration estimates: • Total paid: 731 paid registrants including 62 late/onsite registrations • Total cancellations: 35 • Estimated revenue from registrations: $484, 950 (up $17, 840 from opening) • Expenses: increased ~$14, 000 • • Expect increased F&B expenses ~+$8, 800 Room / AV /power expenses – no changes Misc supplies (signage) +$1, 000 Network expenses ~+$4, 000 (Linespeed/ACV) • Remaining estimates and forecasts are unchanged from opening report. 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 3

Growth in Net worth Change $ 400 $ 1. 8 Millions $ 500 Net worth $ 1. 6 $ 300 $ 1. 4 $ 200 $ 1. 2 $ 100 $ 1. 0 $- 2010 $ (100) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020$ 0. 8 $ 0. 6 $ (200) $ (300) $ 0. 4 $ (400) $ 0. 2 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC Total Reserves at Year End Annual Change over Year Thousands 802 Reserves & Change 4

Going forward • We appear to be in good shape out of this meeting • No big negative surprise • Need to consider priorit 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 5

2019 T 1 Session Actuals (Vancouver) 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 6

2019 T 2 Session Forecast (Waikoloa) • Forecast as of 7/14/18 - unchanged 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 7

2019 Net Worth Change Forecast March Session July Session November Session Income Other NA Expense Other Net Worth Change $8, 720. 39 ($279, 070. 92) ($35, 537. 70) $16, 909. 27 ($19, 801. 64) $0. 00 ($308, 780. 60) Was (403, 947. 62) at March close (~ 95 k increase) Changes due primarily to this meeting update 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 8

2019 Reserve Forecast Reserves Beginning Change End USD General Reserve $1, 144, 027. 35 ($27, 709. 68) $1, 116, 317. 67 NNA Reserve $354, 528. 03 ($279, 070. 92) $75, 457. 11 General + NNA Reserve $1, 498, 555. 38 ($306, 780. 60) $1, 191, 774. 78 Petty Cash $2, 000. 00 ($2, 000. 00) $0. 00 General + NNA + Petty Cash $1, 500, 555. 38 ($308, 780. 60) $1, 191, 774. 78 • Nov 2018 forecast had been 1, 059, 660. 66 at end of 2019 • NNA reserve NOT ENTIRELY used by estimated Vienna net loss • Planning maintains reserve > $1. 1 M (157% of this sessions total est expense) 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 9

2020 Net Worth Change Forecast March Session July Session November Session Income Other NA Expense Other Net Worth Change ($37, 472. 70) $108, 174. 22 $3, 209. 84 $9, 000. 00 ($7, 000. 00) $0. 00 $75, 911. 36 2019 -07 -19 Closing EC Treasurer Report - ec-190134 -01 -00 EC 10

2020 Reserve Forecast • Nov 2018 forecast had been 1, 059, 660. 66 at end of 2019 • Previously allocated NNA reserve NOT ENTIRELY used by estimated Vienna net loss • Planning maintains reserve > $1. 1 M • 157% of this session’s total estimated expenses 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 11

Growth in Net worth Change $ 400 $ 1. 8 Millions $ 500 Net worth $ 1. 6 $ 300 $ 1. 4 $ 200 $ 1. 2 $ 100 $ 1. 0 $- 2010 $ (100) 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020$ 0. 8 $ 0. 6 $ (200) $ (300) $ 0. 4 $ (400) $ 0. 2 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC Total Reserves at Year End Annual Change over Year Thousands 802 Reserves & Change 12

Some observations • Predictablity is key • Long range planning is stable • Adjustments made to planning in Spring 2018 appear to be tracking and are realized • Prior forecasts: • March 2018: Year end Net worth of $755 k w/ $562 k net loss • July 2018: Year end Net worth of $1. 198 k w/ $302 k net loss • Current est: Year end Net worth of $1. 192 k w/$309 k net loss • Near term tracking and estimating may need more improvement • Need to avoid chasing preliminary data too much 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 13

Backup – 2018 Net Worth/Reserve changes 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 14

2018 Net Worth Change March Session July Session November Session Income Other NA Expense Other Net Worth Change ($48, 042. 11) $61, 288. 27 $44, 020. 23 $23, 148. 32 ($10, 805. 62) ($9, 777. 39) $59, 831. 70 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 15

2018 Reserves USD General Reserve NNA Reserve General + NNA Reserve Petty Cash General + NNA + Petty Cash Singapore Funds USD Total Reserves Beginning Change End $1, 118, 438. 49 $25, 558. 86 $1, 144, 027. 35 $320, 285. 19 $34, 242. 84 $354, 528. 03 $1, 438, 723. 68 $59, 831. 70 $1, 498, 555. 38 $2, 000. 00 $1, 440, 723. 68 $59, 831. 70 $1, 500, 555. 38 $0. 00 $1, 440, 723. 68 $59, 831. 70 $1, 500, 555. 38 • Key metric: reserve level at end of 2019 -07 -19 Closing EC Treasurer Report - ec-19 -0134 -01 -00 EC 16

2020 T 1 Session Results Forecast Atlanta NA Session Result Session Income $464, 000. 00 Session Expense -$501, 472. 70 Session Surplus/Loss Sponsorships Net Session Surplus/Loss Forecast as of 2018 -07 -14 2019 -07 -19 Closing EC Treasurer Report - ec-190134 -01 -00 EC -$37, 472. 70 $0. 00 -$37, 472. 70 17

2020 T 2 Session Results Forecast Montreal NA Session Result Session Income Session Expense Session Surplus/Loss Sponsorships Net Session Surplus/Loss $498, 198. 74 -$424, 224. 52 $73, 974. 22 $34, 200. 00 $108, 174. 22 Forecast as of 2018 -07 -14 2019 -07 -19 Closing EC Treasurer Report - ec-190134 -01 -00 EC 18

2020 T 3 Session Results Forecast Bangkok NNA Session Result Session Income Session Expense Session Surplus/Loss Sponsorships Net Session Surplus/Loss $426, 978. 26 -$423, 768. 42 $3, 209. 84 $0. 00 $3, 209. 84 Forecast as of 2018 -07 -14 2019 -07 -19 Closing EC Treasurer Report - ec-190134 -01 -00 EC 19