1. IEEE Region 8 Committee Meeting: Malta April 2008 Financial Report: 2007 Brian R Harrington IEEE Treasurer: Region 8 b.harrington@ieee.org

2. IEEE Region 8 Committee Meeting: Malta April 2008 Objectives l A Report to the Region 8 Committee on the Financial Results for year 2007 l Factors Affecting Region 8 l Budget Proposal for this Year: 2008

3. IEEE Region 8 Committee Meeting: Malta April 2008 Housekeeping l Use the Region 8 Expense Report: On the R8 Web Site and I will send a copy l Can be sent to Treasurer by email l Documents and vouchers supporting a claim can be readable scanned copies Reviewed

4. IEEE Region 8 Committee Meeting: Malta April 2008 Audit Proviso l Scanned Copies should be Readable l Originals should be retained until the end of the financial year following “Scanned Documents Can Count as Audit Evidence where the Appropriate Controls are in Place”

5. Cash Increases by $75,07K Assets Increase by $73,75K

6. Surplus will be carried forward to 2008 expenses

7. Our Cash to Investment Ratio is 0.88 Cash (year end) is 0.55 of our proposed 2008 Expense Budget

8. IEEE Region 8 Committee Meeting: Malta April 2008 Financial Trend

9. IEEE Region 8 Committee Meeting: Malta April 2008 Financial Trend

11. Sevilla$91K Edinburgh$97K Budapest (02)$82K S.C. (’02)$152K Iceland$130K Zagreb$111K Stockholm Paris$101K S.C. (’05)$170K Vilnius$117K Belgrade$120K Sofia$107K Bucharest$106K

12. BMS Concerns: 1.Loss of $11,000 on VCF Donations 2.Assessment Income down by $20,000 on expectations 3.One Statement of Assessment and Donations in a period of Eight months

13. ISBIR Region 8 Target

14. IEEE Region 8 Committee Meeting: Malta April 2008 The Future l There will be an increase in IEEE Region Allocation for next year For Region 8 this will be an increase of 24% to $144,596

15. Region Allocation Region20082007Variance% Increase 169,840 59,04510,43518% 263,094 53,6209,47418% 381,037 68,49912,53818% 458,617 49,6918,92618% 563,973 54,1609,81318% 698,228 83,55414,67418% 783,031 69,12213,90920% 8144,596 116,81727,77924% 994,483 79,06715,41619% 10150,860 119,82431,03526% 907,400 753,399154,000

16. IEEE Region 8 Committee Meeting: Malta April 2008 Funding Support Growth: Funding: USD Exchange: 2008 Position after Currency Value Correction

17. IEEE Region 8 Committee Meeting: Malta April 2008 The Future l There is support from MGA for Sections’ Congress and l For MGA Volunteers’ Training

19. IEEE Region 8 Committee Meeting: Malta April 2008 Thank You

20. IEEE R8 Committee Meeting - Belgrade - Oct 2006 Pattern of Funds Receipts

22. IEEE Region 8 Committee Meeting: Malta April 2008