Budget for Year 2012

3 March 2012

Michael Ong 2011-2012 IEEE R10 Treasurer

Budget for Year 2012 - Summary 

Item2011 2012

Budget( )Ⅰ

Final Actual( )Ⅲ

Difference ( - )Ⅲ Ⅰ Budget

Net worth Carried

Forward From Previous Year

General Reserve ( A ) 527,155 527,155 - 640,742

Section Congress Reserve ( B ) 177,500 177,500 - 0

GOLD Congress Reserve ( C ) 6,000 6,000 - 0

Student Congress Reserve ( D ) 10,000 10,000 - 0

WIE Congress Reserve ( E ) 5,000 5,000 - 0

MGA Training Reserve ( F )        

Total ( G ) 725,655 725,655 - 640,742

Basic Resource

for The Year

From HQ ( H ) 316,900 357,432 40,532 345,000 Others ( I ) 2,395 36,307 33,912 10,000

From Section Congress Reserve ( J ) 177,500 177,500 - 0

From GOLD Congress Reserve ( K ) 6,000 6,000

- 0

From Student Congress Reserve ( L ) 10,000 10,000 - 0

From WIE Congress Reserve ( M ) 5,000 5,000

- 0

From MGA Training Reserve (N)        Bascic Resource Total (O) 517,795 592,239 74,444 355,000

Expenditure and To Reservefor The Year

Region (P) 485,990 407,980 (78,010) 280,000 Committee (Q) 109,200 70,672 (38,528) 101,400

To Section Congress Reserve ( R ) - -

- 60,000

To GOLD Congress Reserve ( S ) - -

- 6,000

To Student Congress Reserve ( T ) - -

- 10,000

To WIE Congress Reserve ( U ) - -

- 5,000

Expenditure and To Reserve Total ( V ) 595,190 478,652 (116,538) 462,400Balance (Basic Resource Total - Expenditure and To Reserve Total) ( W ) (77,395) 113,587 190,982 107,400

Net worth Carried

Forward To Next Year

General Reserve ( X ) 449,760 640,741.81 190,982 533,342 Section Congress Reserve ( Y ) 0 0 0 60,000 GOLD Congress Reserve ( Z ) 0 0 0 6,000 Student Congress Reserve ( AA ) 0 0 0 10,000 WIE Congress Reserve (AB) 0 0 0 5,000

Total (AC) 449,760 640,741.81 190,982 614,342

note 1: Wiley advertisement=$1,000, ASMD email blasts=$1,500

Budget for Year 2012 - Basic Resource for The Year           

Item

2011 2012

Budget( )Ⅰ

Final Actual

( )ⅢDifference

( - )Ⅲ Ⅰ Budget

Income

From HQ

IRA Regional Allocation 156,900 167,833 10,933 170,000

IRS Regional Assessment 160,000 189,599 29,599 175,000

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 40,532 345,000

  ICR Region 10 Conference Return - 22,495 22,495 5,000

Others

IIN Interest 2,395 2,532 137 2,500

IOT Other Income - 11,280 11,280 2,500

Others SubTotal 2,395 36,307 33,912 10,000

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 74,444 355,000

Budget for Year 2012 - Expenditure and To Reserve for The Year   

Items2011 2012

Budget( )Ⅰ

Final Actual( )Ⅲ

Difference( - )Ⅲ Ⅰ Budget

Expenditure

Region

BRO Regional Office 35,000.00 15,302.00 (19,698.00) 30,000 BEX ExCOM Meeting 45,000.00 41,797.43 (3,202.57) 50,000 BRM Regional Meeting 140,000.00 160,922.31 20,922.31 160,000 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) 15,000 BEA ExCOM Activities        BOT Other Expenses 20,000.00 14,514.76 (5,485.24) 25,000

Region Sub Total 485,990.00 407,980.04 (78,009.96) 280,000

Committee

ADV Advisory YJ Park 10,000.00 0.00 (10,000.00) 9,000 AWD Awards & Recognition Takatoshi Minami 3,400.00 3,204.61 (195.39) 2,900 ECC Electronic Communication          EAC Education Activities S Aramvith 8,000.00 6,718.55 (1,281.45) 8,000 NEL Newsletter Zia Ahmed 2,000.00 0.00 (2,000.00) 2,000 LIA Industry Liaison Rajendra Asthana 2,250.00 332.75 (1,917.25) 2,000 LIM Life Member          MDC Membership Development & Life Member Hang-Bong Kang 7,500.00 5,253.25 (2,246.75) 7,000 RCC Conference & Technical Seminar Borhan 14,000.00 4,835.60 (9,164.40) 16,000 RGP Regional GOLD Program Timothy Wong 8,750.00 5,724.97 (3,025.03) 12,000 RGC GOLD Congress          GPA Professional Activities & History Y W Liu 0.00 0.00 0.00 0 RSP Regional Strategic Planning          RST Regional Student Aby Kurian 5,000.00 2,277.32 (2,722.68) 3,000 RSC Regional Section Cordinator          RCH Regional Chapter          SPP Special Project          SAC Student Activities Takao Onoye 15,900.00 12,353.21 (3,546.79) 11,000 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) 14,000 WIC WIE Congress          HTC Humanitarian Technology Deepak Muthur 5,000.00 0.00 (5,000.00) 7,500 ECN Electronic Communications & Info Mgmt Jing Dong 500.00 0.00 (500.00) 500 SRC Section & Chapter Jhing-fa Wang 6,000.00 0.00 (6,000.00) 6,500

Committee Sub Total 110,300.00 70,672.20 (39,627.80) 101,400

To Reserve

SCR To Section Congress Reserve -

- -

60,000

RGR To GOLD Congress Reserve -

- -

6,000

SRV To Student Congress Reserve -

- -

10,000

WIR To WIE Congress Reserve -

- -

5,000

Expenditure and To Reserve Total 596,290.00 478,652.24 (117,637.76) 462,400

1. Lowest discounted airfares is requested.2. New procedure for grant reimbursement with:

a) activity reportb) finance/expense reportc) receiptsd) co-funding with sectione) open call to all section for activities

3. Combined reimbursement if necessary