PMILIC Financial Reports July 2013

Balance Sheet $ 108,820.11 Current Assets As of Balance Rate Previous Month’s Assets: $111,466.18 As of Balance Rate Maturity Date Checking 31-Jul $60,578 NA CD 1 31-Mar $13,682 1.04% 22-Oct-15 CD 2 30-Jun $5,339 3% 21-May-15 CD 3 $11,109 1.24% 23-Aug-13 CD 4 $17,593 2.23% 9-Jun-16 Cash (held by VP Programs) 28-Feb $520.00 Liabilities None

Profit & Loss Net $319 $22,180 Budget Actual Income $156,003 $84,729 YTD = July 2013 Profit & Loss Budget Actual Income $156,003 $84,729 Expense $155,684 $62,549 Net $319 $22,180

Budget vs. Actual Variance YTD = July 2013 Budget Actual Balance Notes Expense 155684 62548.58 Administration 4695 2447.33 2247.67 Communication 7104 4672.53 2431.47 Finance 5925 2661.18 3263.82 Marketing 13000 8053.28 4946.72 Spend for giveaways was greated than expected - overage will come from charitable donations category Membership 700 348.95 351.05 President 29500 5569.26 23930.74 Professional Development 71560 28768.52 42881.48 Programs 20500 10017.53 10482.47 Outreach 2700 100 2600 Income 156003 84729 1000 8000 2446 5554 Watch item: We only brought in 12.5% of what we expected from the first networking event - we budgeted for them to pay for themselves 25500 18145 7355 104928 56203 48725 16575 7935 8640 Note the items where there is a variance Note: Since PMILIC does cash accounting, all items that occurred in 2012, but were paid/ received in 2013 must be logged in 2013

Budget vs. Actual Summary by VP Area and Category Appendix Budget vs. Actual Summary by VP Area and Category

Budget vs Actual – Expenses Administration 4695 2447.33 Audio Conferencing 200 108.40 Board Meeting - Food 3480 2111.33 PMI Chapter Insurance Supplies 100 27.60 Virtual Conferencing 715 Communication 7104 4672.53 Annual Web Hosting with Proteon 5500 3996 Survey Tool 204 Newsletter 1400 676.53 Finance 5925 2661.18 Banking fees Credit card processing fees 4800 1757.29 QuickBooks Online Essentials 325 Tax Prep 700 395 PMILIC Mailbox – 2 year 508.89

Budget vs Actual – Expenses Marketing 13000 8053.28 Advertising PMILIC 500 350.04 Charitable Contributions 2000 Giveaways 5000 6570.13 Sponsorships 1500 Networking Events 4000 1133.11 Membership 700 348.95 Business Cards 200 119.95 New Member Orientation 229.00 President 29500 5569.26 Annual Awards/Plaques 1700 1392.19 Contingency 7800 733.92 Region 4 & LIM 17000 3443.15 Strategic Planning Meeting 3000

Budget vs Actual – Expenses Professional Development 71560 28678.52 CAPM Classes 4000 CSM Classes 33400 10101.34 PMP Prep Classes 20000 10408.45 Saturday Classes 14160 8168.73 Programs 20500 10017.53 Chapter Meeting - May Special Venue 3535 Chapter Meetings 14500 6482.53 Annual Chapter Social 2000 Outreach 2700 100 College, School 1500 Professional Organizations 1200

Budget vs Actual – Income Finance 1000 CD Interest Marketing 8000 2446 Sponsorships 4000 2000 Networking Events 446 Membership 25500 18145 Membership dues Professional Development 104928 56203 CAPM Classes 7200 CSM Classes 45000 15490 PMP Prep Classes 38400 28865 Saturday Classes 14328 10798 Total Systems Donation from 2012 1050 Programs 16575 7935 Chapter Meeting - May Special Venue 4375 1350 Chapter Meetings 10200 6585 Annual Chapter Social

Budget vs Actual Line Item Details