Treasurers Report Aylin Yener Presented at the Bo

Treasurer’s Report: Aylin Yener Presented at the Bo. G meeting, ITW 2013, Sevilla Sept 9, 2013

Outline Conference Closings 2013 budget Initiatives 2014 budget House keeping: Reimbursements

Conferences: Current Status Update: the closing process for ISITs, ITWs, and Schools are within the timelines IEEE suggests, and are now being completed swiftly without problems. Healthy surplus reported in all our conferences, e. g. ISIT’ 12. ISIT’ 13 is in the process of closing already.

2013 Budget as finalized in November 2012 was predicting 159 k surplus. As of August 2013, the predicted end-of-year surplus is 20 k. Two initiatives are already approved: Student Committee (4 k), WITHITS (8 k); Two more up for vote: Online committee (50 k), publication pilot (25 k)

Initiatives <$50 k: no need for IEEE “approval” We determined in July that we can spend 70 -100 k on initiatives and still be ok at the end of the year.

2012 numbers as of Feb 2013

2013 numbers

2014 Print subscription fees have been increased to $80 for non-IT IEEE members and $105 for non-IEEE members (student rates at %50). IEEE has changed the “algorithm” for publication revenues. As a result, we have been presented with a budget that is projecting in the negative (-35 k). Update: We have received the second pass and will be projecting 60 k if we approve moderate editing TODAY. This includes the 30 k we are spending on the schools. Moderate editing reduces transactions expenses from ~836 k to ~688 k.

Reimbursement of expenses For committee chairs and officers. Please (pretty please): submit expenses within one-month of occurrence. e-mail all scanned receipts with the “Expense Form” to Valerie Howland v. howland@ieee. org with a cc to Aylin. remember to include the list of attendees for meal reimbursements. Distinguished lecturers follow the same exact procedure above. M&C committee chair (Michelle): please communicate that we have