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Treasurer’s Report: Aylin Yener

Treasurer’s Report: Aylin Yener. Presented at the BoG meeting, ITW 2013, Sevilla Sept 9 , 2013. Outline. Conference Closings 2013 budget Initiatives 2014 b udget House keeping: Reimbursements. Conferences: Current Status.

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Treasurer’s Report: Aylin Yener

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

  2. Outline • Conference Closings • 2013 budget • Initiatives • 2014 budget • House keeping: Reimbursements

  3. 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.

  4. 2013 Budget • Budget as finalized in November 2012 was predicting 159k surplus. • As of August2013, the predicted end-of-year surplus is 20k. • Two initiatives are already approved: Student Committee (4k), WITHITS (8k); • Two more up for vote: Online committee (50k), publication pilot (25k)

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

  6. 2012 numbers as of Feb 2013

  7. 2013 numbers

  8. 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 (-35k). Update: We have received the second pass and will be projecting 60k if we approve moderate editing TODAY. This includes the 30k we are spending on the schools. • Moderate editing reduces transactions expenses from ~836k to ~688k.

  9. 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 $2k/visit “guideline” to DLs.

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