Executive Vice President's Report

2.4Treasurer's Report

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  Budget from last year (see slides)
  
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  Budget for next year based on last year, but with changes (see slides)
  
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    Reduced
    
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  Pie chart of where money has gone (see slides)
  
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  Income pie chart (see slides)
  
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  Income for next year (see slides) – lower for next year
  
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    Decrease in membership, plus lost money in conference
    
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  Accomplishments
  
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    Reporting process / tax law
    
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    Financial record keeping
    
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    Will address financial audit under old business
    
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    Will Provide bi-monthly EC meeting reports – income, expense, current balance
    
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      Discussion – should we have more details in the meetings
      
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      Don’t want a burden
      
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      Do want financial status and detail available to answer questions
      
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    Annual inventory of assets
    
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      Should this move to another area?
      
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      How do we do audits – we can’t afford third party audits (paid)
      
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      May need to assign someone to conduct audit – Rod / Pamela to discuss
      
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      Estimates for audit were from 4k to 8k
      
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    Spreadsheet available – spent and projections
    
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  No budget for this year / next year (officer)
  
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  Sticking to budget for next year
  
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  Identify new income sources
  
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  Continue to provide support for annual chapter financial reporting
  
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    Gerry wants to work with Treasurer for chapter reports and chapter finances – side bar later
    
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  Work with St. Louis conference team
  
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  Issues / Challenges
  
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    Economics
    
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    Innovate
    
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  Recommendations
  
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    Promote advertising in journal
    
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      E-version vs hard copy version
      
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      Don’t want to release just a pdf version because it is copyable
      
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    Discussion
    
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      Could sell technical papers to members who do not attend conference
      
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      Hard copies of journal can recruit members by passing them out at conferences
      
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      We do sell conference proceedings – Tennessee Valley manages this – could sell the archive disc at a discount price on off years (produced every other year)
      
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      Younger generation does not want a CD
      
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      Many papers in conferences did not make the disc
      
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      Subject tabled for now
      
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    Defer member kickback to chapters or ask chapters to help out
    
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    Discussion – training
    
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      Some folks in the field do training classes – we could ask them to deliver training that we provide resources to
      
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    Regional conferences – potential income
    
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    PARKING LOT: Regional conferences, what is the appropriate thing
    
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      Should society get portion / fee
      
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    Allow society member to attend conference electronically for some speakers
    
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    Members of other societies can choose journal delivery method