1. R4 Treasurer Report Bernard Sander, Jr – Region 4 Treasurer
January 21, 2012

2. 2011: Budget vs. Actual Income Actual 2011 Budget 2011 % of Budget
Total Income
$169600
$189900
88%
Expenses
Actual 2011
Budget 2011
% of Budget
Activities
$53500
$70000
77%
Administration
$92400
$122400
76%
Total Expenses
$145900
$192400
Net
$23700
11/15/2018

3. Income: Budget vs. Actual
% of Budget
CBRS
$450
$115
391%
Conferences
$10000
$5000
200%
Investment Transfer* $0
$27700 0%
Rebates and Assessments
$119200
$110200
108%
SC Reserve
$40000
$49500
81%
Total Income
$169600
$192300
88%
*$15000 for Membership Rejuvenation
*$10000 for Sections Congress Second Delegates
*$2700 for Student Activities
11/15/2018

4. Rebates and Assessments
Rebate & Assessments
Actual 2011
Budget 2011
% of Total
IEEE HQ Rebate
$59000
$58000
102%
R4 Assessment
$41200
$36200
114%
IEEE-USA Rebate
$19000
$16000
119%
Rebate Total
$119200
$110200
108%
11/15/2018

5. Activity Expenses Activity Actual 2011 Budget 2011 % of Budget
Conferences
$7800
$12000
65%
Educational $0
$200 0%
Profession Proj
$8600
$9000
96%
Profession Trvl
$18500
154%
Student
$10200
$13100
78%
Awards
$900
Technical
$1000
Communication
$800
Membership
$2900
$6000
48%
Rejuvenation
$5500
$15000
37%
Total
$53500
$70000
77%
11/15/2018

6. Administration Expenses
Actual 2011
Budget 2011
% of Budget
Ex Com, R4
$600 $0
SC2011
$85100
$109200
78%
Director
$2300
$6000
39%
Dir-Elect
$2600
43%
Past Director
$20
$100
16%
Secretary
$170
$150
110%
Treasurer
$480
$200
240%
Area Chairs 0%
Advisor
Admin Total
$92400
$122400
76%
11/15/2018

7. Sections Congress 2011 Budgeted Delegates Budgeted $
Actual Attendees Supported
Actual $ Disbursed
% Impact
18 Delegates +
3 SubSections +
4 GOLD +
3 Speakers
= 28
$72072
15 Delegates (excludes Riess, Parro, Jensen) +
2 GOLD +
0 Speakers
=20
$52161
-18%
23 Primary Delegates
$25093
18 Primary Delegates
$19343
-5%
11 Second Delegates
$10000
8 Second Delegates
$7000
-3%
Facility and Food
$2000
$6951
+5%
Total
$109165
$85095
-22%
-Region supported 16 fewer delegates than budgeted
-Average Delegate Attending Met Budget Targets – Thanks for your help!
-Good New/Bad News – Met Budget But only 18 of 23 voting delegates.
11/15/2018

8. Account Balances Account Balance CBRS $46500 Investment Account*
$177200
Account Totals%
$223700
* Dec. 31, 2011 Balance
% Dec. 31, 2010 Totals - $ –Included $40000 SC Reserve
Our Reserves Grew in 2011 by $18700 over plan!
11/15/2018

9. NetSuite L50 for 2011 only available as Tab in NetSuite
L50 required for each account – Checking and Investment
Your account balances in NetSuite will be updated to the end of 2011 when you submit your L50s
Do all account tracking in NetSuite for 2012 – No L50 will be required at the end of the year 2012!
Three NetSuite Sessions held in Jan. – 38 attendees - Recordings available
11/15/2018

10. Region 4 Treasurer Treasurer Role
Manage Budget to Meet Region Objectives
Support NetSuite Introduction
Need your help with budget requests and timely, complete Expense Vouchers
Need your help with timely completion of L50 – Feb. 17 for 10% Bonus
11/15/2018

11. Closing Remarks
Are we(everybody in this room) taking full advantage of activity resources? Ex. Educational, Student, PACE, Technical, Membership, Rejuvenation
Are we doing a good job of managing our reserves? Increased even though Investment Fund fell. Meeting Attendance?
11/15/2018