1. IPAC15 - Financial Update
Cash Needs through 9/5/14
8/6/2014
8/4/2014
Cash on Hand
9,211.72
6/16/2014
IPAC'14 Student Commit
(115.95)
Cash Available for IPAC'15 Activities
9,095.77
5/5/2014
Authorize.net Service
(125.00)
6/5/2014
Authroize.net
(20.00)
7/5/2014
7/16/2014
ACE Dresden Travel
(3,866.00)
8/5/2014
9/1/2014
ACE Contract
(3,000.00)
9/5/2014
Cash Needs Through 9/5/14
(7,071.00)
~ Cash Balance on 9/6/14
2,024.77
Colonial Man repair cost $ Federal Express claim submitted value of "Med" Insurance unknown.
Conference Chair Equipment Bag $112.20
Loan options are being addressed.

2. IPAC15 - Financial Update
Action Items:
Merchant Account Registration Page Set-up & Testing (Pam, Todd, & Stephanie) – Complete by 8/21
Concerns of delayed Sponsor / Exhibitor payments if no deadlines are imposed. Suggestions:
Sponsorships
50% registration, balance due by 2/27/15
Early Exhibitors
50% registration, balance due by 10/31
Penalty options for late payment
$650 penalty
Regular Exhibitors full payment upon registration
Cancellation Fee $300
Applies to all Sponsorship & Exhibitor Registrations
Where to disclose? (Conditions or Reg Page)

3. IPAC15 - Financial Update
Action Items continued:
IEEE Financial Software System NetSuite Training & Implementation (Pam) – In progress
GL Account conversion - complete.
Budget & Incurred Transactions must be manually entered Inception to Date. – 9/30
IEEE Webinar scheduled for August 13th.
Develop process for European & Asian Student Fund Distribution (Pam, Stephanie, Hari)

4. IPAC’15 - Financial Update
8/6/2014
Revenue & Loans
APS Grant (IPAC'13 & '14)
27,500.00
Interest Earned
65.44
APS Loan
25,000.00
IEEE Loan
Total Funds In
77,565.44
Expense
IPAC'13 Student & LOC Travel
19,376.34
IPAC'14 Student Travel
13,495.44
IPAC'15 OC/SPC1 Meeting
9,548.60
IPAC'15 OC/SPC2 Meeting
4,992.00
IPAC'15 Management Fee
20,357.80
IPAC'15 Software
149.00
Conference Chair Equip Bag
112.20
Colonial Man Repairs
282.34
Bank Fees
40.00
Commitments
IPAC'14 APS Grant Rollover
115.95
Total Expense & Commitments
68,469.67
Available Balance
9,095.77