1. Finance Update Dave Goldberg – AESQ Finance Becky Lemon – SAE
December 4, 2017

2. SAE ITC Service Package
2017
Administration & Treasury Management Support (annual fee)
$12,350
Technical Consultant Support (hourly fee; estimated range based on assumed number of hours plus travel)
$13,273
Website Update / Maintenance (annual fee)
$6,126
SAE ITC Insurance Package (annual fee)
$15,315
SAE ITC Services Quote Total
$47,575

3. 2017 Membership Dues Collection
2017
Member Company
Invoice Issued
Invoice #
Invoice Amount
Invoice Paid 1
Arconic
2/5/2017
$8,000
2/17/2017 2 GE
11/29/2016
3/22/2017 3
GKN
2/19/2017 4
Honeywell
9/5/2017 5
MTU
1/12/2017 6
PCC
3/29/2017 7
Pratt & Whitney
1/10/2017 8
Rolls-Royce
2/24/2017 9
Safran
3/24/2017
$72,000

4. SAE : SAE Enterprise : SAE ITC : AESQ
AESQ Income Statement 2017
SAE International
SAE : SAE Enterprise : SAE ITC : AESQ
Balance Sheet
End of Oct 2017
Financial Row
Amount
ASSETS
Current Assets
Accounts Receivable
Intercompany Accounts Receivable
Intercompany Transfer - SAE/SAE Foundation
$176.96
Intercompany Transfer - SAE ITC
$57,006.82
I/C - SAE - ITC - Subs I/C Receivable.
($17.76)
Total Intercompany Accounts Receivable
$57,166.02
Total Accounts Receivable
Total Current Assets
Other Assets
Fixed Assets
Software
$20,000.00
Accum Depr - Software
($6,111.16)
Total Fixed Assets
$13,888.84
Total Other Assets
Total ASSETS
$71,054.86
LIABILITIES & EQUITY
Current Liabilities
Accounts Payable
Intercompany Accounts Payable
SAE - ITC - Subs I/C Payable.
$22,566.31
Total Intercompany Accounts Payable
Total Accounts Payable
Other Current Liability
Accrued Expenses
Accrued Expenses
$1,539.67
Total Accrued Expenses
Total Other Current Liability
Total Current Liabilities
$24,105.98
Equity
Retained Earnings
$40,119.47
Net Income
$6,829.41
Total Equity
$46,948.88
Total LIABILITIES & EQUITY
Key Points
$72,000 collected in 2017
$40, rolled over from 2016 to (retained earnings)
$34, cash available end October
The $20k for the website appears on the Balance Sheet as a fixed asset.  It is now starting to depreciate (show as an expense).

5. 2018 AESQ Dues Collection

6. Questions?