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)