financial report for year 2011 3 march 2012 michael ong 2011-2012 ieee r10 treasurer
TRANSCRIPT
Financial Report for Year 2011
3 March 2012
Michael Ong
2011-2012 IEEE R10 Treasurer
Financial Report for Year 2011 - Summary
Item
2011
Budget( )Ⅰ
Final Actual( )Ⅲ
Difference ( - )Ⅲ Ⅰ
Net worth Carried
Forward From Previous Year
General Reserve ( A ) 527,155 527,155 - Section Congress Reserve ( B ) 177,500 177,500 - GOLD Congress Reserve ( C ) 6,000 6,000 - Student Congress Reserve ( D ) 10,000 10,000 - WIE Congress Reserve ( E ) 5,000 5,000 - MGA Training Reserve ( F )
Total ( G ) 725,655 725,655 - ( G=A+B+C+D+E+F )
Basic Resource
for The Year
From HQ ( H ) 316,900 357,432 40,532 Others ( I ) 2,395 36,307 33,912
From Section Congress Reserve ( J ) 177,500 177,500 -
From GOLD Congress Reserve ( K ) 6,000 6,000 -
From Student Congress Reserve ( L ) 10,000 10,000 -
From WIE Congress Reserve ( M ) 5,000 5,000 -
From MGA Training Reserve (N)
Bascic Resource Total (O) 517,795 592,239 74,444 ( O=H+I+J+K+L+M+N)
Expenditure and To Reservefor The Year
Region (P) 485,990 407,980 (78,010)Committee (Q) 109,200 70,672 (38,528)To Section Congress Reserve ( R ) - - - To GOLD Congress Reserve ( S ) - - - To Student Congress Reserve ( T ) - - - To WIE Congress Reserve ( U ) - - -
Expenditure and To Reserve Total ( V ) 595,190 478,652 (116,538) ( V=P+Q+R+S+T+U )
Balance (Basic Resource Total - Expenditure and To Reserve Total) ( W ) (77,395) 113,587 190,982 ( W=O-V )
Net worth Carried
Forward To Next Year
General Reserve ( X ) 449,760 640,741.81 190,982 ( X=A+W )
Section Congress Reserve ( Y ) - 0 0 ( Y=B-J+R )
GOLD Congress Reserve ( Z ) - 0 0 ( Z=C-K+S )
Student Congress Reserve ( AA ) - 0 0 ( AA=D-L+T)
WIE Congress Reserve (AB) - 0 0 ( AB=E-M+U)
Total (AC) 449,760 640,741.81 190,982 ( AC=X+Y+Z+AA+AB )
Financial Report for Year 2011 - Basic Resource for The Year IRS =199538.12+3080.53+3443.79
Item
2011
Budget( )Ⅰ
Final Actual( )Ⅲ
Difference ( - )Ⅲ Ⅰ
Income
From HQ
IRA Regional Allocation 156,900 167,833 10,933
IRS Regional Assessment 160,000 189,599 29,599
ISS Section Support via Region (SSVR) - - -
ISC Section Congress Subsidy from HQ - - -
IDS Regional Director Subsidy - - -
IIR RAB Investment Return - - -
From HQ SubTotal 316,900 357,432 40,532
ICR Region 10 Conference Return - 22,495 22,495
Others
IIN Interest 2,395 2,532 137
IOT Other Income - 11,280 11,280
Others SubTotal 2,395 36,307 33,912
From Reserve
ISC From Section Congress Reserve 177,500 177,500 0
IGC From GOLD Congress Reserve 6,000 6,000 0
IST From Student Congress Reserve 10,000 10,000 0
IWC From WIE Congress Reserve 5,000 5,000 0
IMT From MGA Training Reserve - - -
Basic Resource Total 517,795 592,239 74,444
note 1: Tencon 2009=$16,139.49, 2010=$6,356note 2: MGA for joint congress=$350, HTC/president discretionary fund for joint congress=$5,000, Wiley advertisement=$1,480, Tweet Bolg & Win = $1,500note 3: 2010 Accrued Payables not paid: $2,950
Financial Report for Year 2011 - Expenditure and To Reserve for The Year
Items2011
Budget( )Ⅰ
Final Actual( )Ⅲ
Difference( - )Ⅲ Ⅰ
Expenditure
Region
BRO Regional Office 35,000.00 15,302.00 (19,698.00)BEX ExCOM Meeting 45,000.00 41,797.43 (3,202.57)BRM Regional Meeting 140,000.00 160,922.31 20,922.31 BSC Section Congress 235,990.00 175,443.54 (60,546.46)BSS Section Support via Region BRD Region Directors BTC Region 10 Conference 10,000.00 0.00 (10,000.00)BEA ExCOM Activities BOT Other Expenses 20,000.00 14,514.76 (5,485.24)
Region Sub Total 485,990.00 407,980.04 (78,009.96)
Committee
ADV Advisory YJ Park 10,000.00 0.00 (10,000.00)
AWD Awards & Recognition Takatoshi Minami 3,400.00 3,204.61 (195.39)
ECC Electronic Communication EAC Education Activities S Aramvith 8,000.00 6,718.55 (1,281.45)NEL Newsletter Zia Ahmed 2,000.00 0.00 (2,000.00)
LIA Industry Liaison Rajendra K Asthana 2,250.00 332.75 (1,917.25)
LIM Life Member
MDC Membership Development & Life Member Hang-Bong Kang 7,500.00 5,253.25 (2,246.75)
RCC Conference & Technical Seminar Zhisheng Niu 14,000.00 4,835.60 (9,164.40)
RGP Regional GOLD Program Timothy Wong 8,750.00 5,724.97 (3,025.03)
RGC GOLD Congress
GPA Professional Activities & History Y W Liu 0.00 0.00 0.00
RSP Regional Strategic Planning
RST Regional Student Om Perkash 5,000.00 2,277.32 (2,722.68)
RSC Regional Section Cordinator
RCH Regional Chapter SPP Special Project
SAC Student Activities Takao Onoye 15,900.00 12,353.21 (3,546.79)
STC Student/GOLD/WIE Congress 10,000.00 18,454.85 8,454.85
TEC Technical Activities
WIE Woman In Engineering Takako Hashimoto 12,000.00 11,517.09 (482.91)
WIC WIE Congress
HTC Humanitarian Technology Amarnath Raja 5,000.00 0.00 (5,000.00)
ECN Electronic Communications & Info Mgmt Jing Dong 500.00 0.00 (500.00)
SRC Section & Chapter Jhing-fa Wang 6,000.00 0.00 (6,000.00)
Committee Sub Total 110,500.00 70,672.20 (39,627.80)
To Reserve
SCR To Section Congress Reserve - - - RGR To GOLD Congress Reserve - - - SRV To Student Congress Reserve - - - WIR To WIE Congress Reserve - - -
Expenditure and To Reserve Total 596,290.00 478,652.24 (117,637.76)