1. 2006 Executive Council Input Treasurer Submitted by Mary Ellen Caro July 30-31, 2006 Marriott Hotel Albuquerque, New Mexico, U.S.A.

2. August 20062 Summary for FY 06 Budget for FY 06 (Accepted as amended at FY 05 EC meeting) –Expenses: $156,770 –Revenue: $135,100 –Carryover: ($21,670) Actuals for FY 06 –Expenses: $149,102 –Revenue: $196,833 –Carryover: $47,731 Society accounts as June 30, 2005: $270,440.59 –Checking*$132,319.07 –Savings$84,999.78 –Emergency$53,121.74 *Includes Other Income resulting from bank error of $17, 035.00 (ISSC funds deposited in the regular checking account.

3. August 20063 Summary of FY 06 Income –Membership above plan Corporate Membership rose by ~$5000 Individual Membership slightly higher –San Diego Conference Income ($81,100 vs. $50,000) Includes NE Chapter share of $6560 –Publication Income up System Safety Analysis Handbook income ~$4,600 vs. planned $500 –RAMS Reimbursement $13,200 vs. $3,500 Expenses –Postage and Shipping costs are up –Web Construction and Internet cost allocations need to be finalized

4. August 20064 Plans of FY 07 FY 07 Approved Budget –Expenses: $177,321 –Revenues: $139,560 –Carryover: ($37,761) Added Expense Items –Line Item for Employee Benefits –Publishing/mailing costs continue to rise