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Treasurer Report

Treasurer Report. Anant Sahai. Reserves and 2008. Real Surplus: 343K Market Loss: 1.2M Total Market gain since 2002: ~0.4M New Reserves: 1.8M We are safe, but IEEE is below 50% ratio. 2009 Budget Highlights. $114K Budgeted Surplus 50K anticipated from conferences (ITW-V, ISIT, ITW-T) ‏

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Treasurer Report

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  1. Treasurer Report Anant Sahai

  2. Reserves and 2008 • Real Surplus: 343K • Market Loss: 1.2M • Total Market gain since 2002: ~0.4M • New Reserves: 1.8M • We are safe, but IEEE is below 50% ratio.

  3. 2009 Budget Highlights • $114K Budgeted Surplus • 50K anticipated from conferences (ITW-V, ISIT, ITW-T)‏ • So a built-in 64K Margin to absorb potential losses • $145K Initiative and Committee budget • $15K: Student committee • $10K: Outreach • $20K: IT Schools • $20K: Web and online (10K steady + 10K continued work)‏ • $20K: Awards • $25K: BoG and officer meetings, IEEE meetings, etc. • Another $35K: budgeted for unspecified initiatives this year (like Web Phase II, distinguished lectures, extra to schools, etc.)‏

  4. 2009 Implications • We can spend money on new initiatives: upto 99K • $35K in budget: e.g. $25K for Dist. Lectures+ $10K schools • $64K of safety margin if conferences don't go negative • Conference losses: lower attendance? • ITWs in Europe & ISIT in Korea • Currency Fluctuations: Won has fallen about 33% against the dollar since crisis • Paper submissions are good so no warning signs for losses. • Will membership drop too if don't need reg. discount? • No ability to safely go net-negative this year.

  5. Long Term Planning • $227K Budgeted for 2009 from conferences in Xplore • $110K of that is our fair share based on ISITs and ITWs • The Transactions are the biggest source of money for us • Xplore: per-pdf-download: ~70c in 2007, ~54c in 2008. • Xplore: per-paper: ~$0.7K in 2008 (not per page)‏ • Nonmember subscriptions: about $1K per sub • By 2012, the “unfair” conference $120K will be gone. • We will then have a structural budgetary hole of -55K • Must reinstate 10% surplus requirement on conferences • Improve Transactions revenue: more papers, more clicks • Might need to raise fees/prices

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