Financial Status As of the Aug 31, 2013 IEEE Central Texas Section Fall Planning Meeting September 7, 2013 Austin, TX Don Drumtra Treasurer

Estimates and Budget 2013 Revenue Estimate Expense Estimate Net Revenue Budget Total Chapter Operations $ 10,600 $ 15,880 $ (5,280) Pools for Conferences, Travel, Section Misc. 74,600 80,500 (5,900) Total $ 85,200 $ 96,380 $ (11,180)

Revenue Estimate vs Actual 8 Months 2013 (67 %) Actual Revenue Difference Total Chapter Operations $ 10,600 $ 11,683 $ 1,083 Pools for Conferences, Travel, Misc. 74,600 74,827 227 Total $ 85,200 $ 86,510 $ 1,310

Expense Estimate vs Actual 8 Months 2013 (67 %) Expenses Difference Total Chapter Operations $ 15,880 $ 4,942 $ 10,858 Pools for Conferences, Travel, Misc. 80,500 34,352 46,148 Total $ 96,380 $ 39,294 $57,006

Net Budget vs Actual 8 Months 2013 (67 %) Net Actual Amount Available Total Chapter Operations $ (5,280) $ 6,741 $ 12,021 Pools for Conferences, Travel, Section Misc. (5,900) 40,475 46,375 Total $ (11,180) $ 47,216 $ 58,369

Summary What Does the Data Show? Chapter revenue is above estimates. Chapter and CTS expenses are way below estimates overall. Many chapters have no expenses or have filed no ERs; a few have large surpluses.

Summary What Does It All Mean? Some chapters have been doing a good job on getting money from societies. Annual expense estimates last year were overly optimistic. Our chapters are not getting maximum benefit from the resources available.

Questions? Thanks If you’d like to learn more about electronic services, you’ll want to attend the session on the Electronic Services being presented this afternoon by Christian Borgert (BORE-GERT) and Chip Dawson. If you miss this afternoon’s session, you can see it tomorrow morning. Now I’d like to answer your questions about newsletters and electronic services . . . (After Q&A) I’m sorry we don’t have time to answer all of your questions, but we have an abundance of expertise with us this weekend, and much of it is in the Computer Lab upstairs. Stop by and get more information anytime.