IPAC 15 Financial Update Cash Needs through 2115

IPAC 15 - Financial Update Cash Needs through 2/1/15 Cash 1/12/2015 Cash on Hand 274, 620. 15 6/16/2014 IPAC'14 Student Commit Roll Fwd Cash Available for IPAC'15 Activities (115. 95) 274, 504. 20 Source of Cash 1/13/2015 Industrial Exhibitor Receipts in Process 55, 000. 00 1/13/2015 Delegate Receipts in Process 59, 805. 00 Net Cash 389, 309. 20 Uses of Cash 5/5/2014 1/13/2015 2/1/2015 1/31/2015 2/6/2015 Authorize. net Service (May-Jan) PNC Credit Card Fees 3, 329. 35 ACE Contract 3, 000. 00 A. Cuffe Ja. COW Travel estimate balance 2, 282. 00 Leader Promos Estimate (bags) Total Cash Outflow 2/6/2015 285. 00 14, 089. 00 8, 896. 35 Estimated Cash Balance 1 320, 607. 86

Revenue APS Grant (IPAC'13 & '14) Expense IPAC'13 Student & LOC Travel 19, 376. 34 IPAC'14 APS Grant Rollover 162. 89 IPAC'14 Student Travel 13, 495. 44 ACE, CMP Events (Feb-June) APS Loan 25, 000. 00 IPAC'14 Schriber Travel 1, 653. 60 Ja. COW Travel (Cuffe) 2, 282. 00 IEEE Loan 25, 000. 00 IPAC'15 OC/SPC 1 Meeting 9, 548. 60 Core-Apps 3, 000. 00 PAL Postech Asian Grant 37, 885. 00 IPAC'15 OC/SPC 2 Meeting 4, 992. 00 Leader Promos (Bag) 28, 177. 00 Sponsorship Reg Fee 23, 960. 00 IPAC'15 Management Fee 35, 357. 80 PAL Postech Asian. Grants 37, 885. 00 86, 459. 95 Interest Earned Industrial Exhibitor Reg Fees Delegate Reg/Banquet/Tour Total Funds In 27, 500. 00 Commitments 240, 353. 50 6, 405. 00 386, 266. 39 115. 95 15, 000. 00 IPAC'15 Software 149. 00 Total Commitments Conference Chair Equip Bag 112. 20 Total Expense & Commitments 198, 106. 19 Available Balance 188, 160. 20 Colonial Man Repairs Phone Application Development 46. 34 3, 000. 00 Bank Fees 40. 00 CC Fees 4, 254. 45 Ja. COW Travel (Cuffe) 5, 217. 60 Postage & Freight (VISA Ltrs) Leader Promos (Bags) Total Expense 313. 87 14, 089. 00 111, 646. 24 2

Registrations Industrial Exhibitors (59) (2) Sponsorships (55) Industrial Exhibitors - Single Booths (10 Unpaid) (2) Industrial Exhibitors - Double booths 39 Booths available with value of $214, 500! Delegates (107) (11) IEEE/APS Members (63) Non-Members (32) Students (1) Single Day (26) Tour Tickets 3

Financial Action Items q Establish a Direct Bill with the Omni for US Students q Establish system for European & Asian student fund distribution o Contact Wells Fargo to make withdrawal arrangements q Data entry into IEEE’s Net. Suite Financial System o FY 13 - 100% Complete FY 14 - 0% Complete q Develop budget guidelines for group leaders 4 FY 15 - 0% Complete