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Treasurer Financial Committee Report for CTS Spring Planning Meeting

This report provides an overview of the 2014 financial results, reserves from 2001-2014, financial planning goals for 2015, the 2015 financial plan, planned reserves from 2001-2015, highlights for 2015, and the approval of the 2015 financial plan. Recommendations for cost-effective venues, surplus planning for workshops and symposia, and limiting essential travel are also included.

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Treasurer Financial Committee Report for CTS Spring Planning Meeting

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  1. TreasurerFinancial Committee ReportCTS Spring Planning MeetingSan MarcosJanuary 24, 2015Don DrumtraDrumtra@ieee.org512-291-0315

  2. Overview • 2014 Financial Results • 2001-2014 Reserves • 2015 Financial Planning Goals • 2015 Financial Plan • 2001-2015 Planned Reserves • 2015 Highlights • 2015 Financial Plan Approval (Details were provided via email)

  3. 2014 Financial Results Investment Gains are unrealized.

  4. 2001–2013 Reserves History $120,672 3 times Annual Rebate$85,350

  5. CTS Financial Plan Highlightsfor 2015

  6. CTS Financial Plan Highlights for 2015

  7. Proposed Estimates and Budgetsfor 2015

  8. 2015 Draft Financial Plan Impact 3 times Annual Rebate$85,350

  9. Recommendations • Meetings: Select cost effective venues • Workshops, symposia: plan for at least a 20% surplus • Travel: Limit trips to essential days. • All activities: Secure company and society funding

  10. CTS Financial Plan Approval CTS Executive Committee • All Section Officers (Chairman, two Past Chairmen, VP-Austin, VP-San Antonio, Secretary, Treasurer, Manager of Electronic Communications) • Chairmen of all CTS Chapters and Affinity Groups

  11. CTS Financial Planning Process • Treasurer calls for input • Chapter & Staff officers provide input • Treasurer combines with prior year data • Treasurer and Chair develop draft fin plan • SecComm reviews and approves the plan • Treasurer presents the plan to the ExComm • Treasurer moves to approve • ExComm discusses and approves

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