1. Treasurer Financial Report CTS Fall Planning Meeting San Marcos September 24, 2016 Kai Wong
Good morning

2. CBRS Record For CTS YTD Month Beginning Income Expense Ending
Big Items
15-Dec
$42,358
$52,290
$11,692
$82,966
IEEE-USA
$10,000
Globecom
$40,000
IEEE TX (4)
$2,290
16-Jan
82,966
460
7,823
75,620
ATC Member
($1,500)
16-Apr
72,738
21,991
9,059
85,690
Rebate
$21,991
SxSW- YP
($4,487)
16-Aug
75,758
825
11,115
65,468
ATT - MAW
($8,560)
Total
Jan -Aug
34,412
38,831
Net is -4419
HERE IS WHAT YOU ALL SUBMITTED IN YOUR FINANCIAL PLANNING INPUTS FOR BOTH ESTIMATES EXCEED $100,000 AND THE REQUESTED BUDGETS EXCEEDS OUR CASH BALANCE.

3. CTS Financial Highlights Expenses for Jan – Aug 2016
Reimbursement
 Budget
55 checks
Paid
Total
Section Travel - 7
 $12,500
$12,003
Section Exp.
4,700
19,476
Chapter Travel - 3
6,000
4,104
Chapter Op. Exp.
 12,228
3,248
YTD Total
35,428
16,107
22,724
38,831
Added
HERE IS HOW THE DETAILS LINE UP WITH THE GOALS WE SET. REVENUE AND EXPENSES ARE BELOW $100,000 AND THE NET BUDGET ALMOST MEETS OUR GOAL. IN ADDITION, AS YOU CAN SEE FROM YOUR SHEET, ALL CHAPTERS WHICH REQUESTED BUDGETS RECEIVED AT LEAST $300 AND OUR CASH BALANCE AT THE END OF THE YEAR WILL BE $7332.

4. CTS Chapter Operation Expenses for Jan – Aug 2016
Amt.
CAS Op
CS-A Op
CTCN Op
EDS Op
EMC Op
LM-SA Op
PI2 Op
PSES Op
Jan
64.33
Feb 40
Mar
313.4
66.5
Apr
525.25
May
1,520.08
240.56
31.74 95
Jun
Jul
164.02
70.00
60.22
57.18
Aug
YTD
2037.5
310.56
123.68
Note
2 DL
funded
Ttl Chap
HERE IS HOW THE DETAILS LINE UP WITH THE GOALS WE SET. REVENUE AND EXPENSES ARE BELOW $100,000 AND THE NET BUDGET ALMOST MEETS OUR GOAL. IN ADDITION, AS YOU CAN SEE FROM YOUR SHEET, ALL CHAPTERS WHICH REQUESTED BUDGETS RECEIVED AT LEAST $300 AND OUR CASH BALANCE AT THE END OF THE YEAR WILL BE $7332.

5. Only 8 Chapters had reported expenses. Some funds are yet to come in.
Financial Comments
Only 8 Chapters had reported expenses.
Expected more to come in 4Qtr.
Some funds are yet to come in.
IEEE-USA, PACE, selected Chapters
Successful 2016 MAW event.
CAS/SSC run rate is over budget.
$1000 income instead of $2000, $ Expenses. (1 Trav)
net vs budget.
FINALLY, LET ME CLOSE WITH FOUR RECOMMENDATIONS FOR ALL TO ACHIEVE OUR NEWLY APPROVED BUDGET.
ENSURE THAT THAT THE VENUES YOU SELECT FOR FOOD ARE REASONABLY PRICED AND CONSIDER CHARGING MEMBERS FOR MORE EXTRAVAGANT VENUES.
ENSURE THAT THE PLANNED REVENUES ARE AT LEAST 20% GREATER THAN EXPENDITURES FOR CONFERENCES, WORKSHOPS, AND SYMPOSIA. IEEE POLICY REQUIRES THIS APPROACH. 20 PERCENT IS BE A MINIMUM NOT A MAXIMUM.
LIMIT COSTS FOR TRAVEL BY REDUCING DAYS ATTENDED AND USING SOCIETY FUNDS. THE CHAPTER TRAVEL POOL HAS ONLY $5,000 FOR ALL CHAPTER TRAVEL
WORK TO SECURE SPONSORSHIPS FOR MEETINGS, CONFERENCES, WORKSHOPS, SYMPOSIUMS, ETC. AS WELL AS ASKING YOUR COMPANY TO PAY FOR ANY CONFERENCES THAT YOU ATTEND, TO INCLUDE THOSE FOR YOUR VOLUNTEER POSITION.
THANK YOU FOR STAYING WITH USGOOD LUCK TO YOU ALL!