1 / 8

SSCS Treasurer’s Report August 15, 2011 Harry Lee

SSCS Treasurer’s Report August 15, 2011 Harry Lee. Agenda. 2010 Financials [Budget vs. Actuals] 2011 Budget and Forecast 2012 Budget and Assumptions Reserve Trends. 2010 Actuals (final) Net Surplus (Deficit), $K. A- Actuals B-Budget. Lower subscription -41k Higher APP/IEL +90k

Download Presentation

SSCS Treasurer’s Report August 15, 2011 Harry Lee

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. SSCS Treasurer’s Report August 15, 2011 Harry Lee

  2. Agenda • 2010 Financials [Budget vs. Actuals] • 2011 Budget and Forecast • 2012 Budget and Assumptions • Reserve Trends

  3. 2010 Actuals (final) Net Surplus (Deficit), $K A- Actuals B-Budget Lower subscription -41k Higher APP/IEL +90k Lower printing cost 19k Higher creation expense 18k EXPERT +20k ISSCC +412k CP +59k Predoc. Fellowship +25k SPICE event +5k DL +7k Chapters -7k

  4. 2011 Forecast vs. Budget Net Surplus (Deficit), $K FC- Forecast B-Budget Indian subscription issue ISSCC +330K

  5. 2012 Budget Net Surplus (Deficit), $K • Major Assumptions • ISSCC attendance of 2600 (vs. 2011 actual of 2982) • $245K net surplus budget (vs. 2011 actual of 614k) • Design $ Test Magazine 17k Drop in subscription India issue Lower ad. Income 10k Higher printing/postage 36k May drop further (34k) due to free SSCS membership for ISSCC attendees Exec. Office salary overlap +26k Design & Test Mag. +17k Predoctoral -25k Volunt. Travel + Chapter committee +10k Marketing -10k Tax&travel +15k

  6. SSCS Reserve Trend Reserve forecast back over $5M in 2011 forecast budget

  7. SSCS Reserve-to-Expense Ratio Trend 2010 reserve=4932.3k forecast budget

  8. Summary and Outlook • The forecast for ‘11 is robust • Net surplus of 381k expected in ’11 (w/o interest income) • The financial outlook for ‘12 is of some concern • IEEE Indian vendor situation + additional expenditures put out net surplus 200k below ‘11 • Economy may affect 2012 ISSCC attendance • Need to be conservative in spending

More Related