2006 Executive Council Input

Treasurer

Submitted by Mary Ellen Caro

July 30-31, 2006

Marriott Hotel

Albuquerque, New Mexico, U.S.A.

August 2006 2

Summary for FY 06

• Budget for FY 06 (Accepted as amended at FY 05 EC meeting)– Expenses: $156,770– Revenue: $135,100– Carryover: ($21,670)

• Actuals for FY 06– Expenses: $149,102– Revenue: $196,833– Carryover: $47,731

• Society accounts as June 30, 2005: $270,440.59– Checking* $132,319.07– Savings $84,999.78– Emergency $53,121.74

*Includes Other Income resulting from bank error of $17, 035.00 (ISSC funds deposited in the regular checking account.

August 2006 3

Summary of FY 06

• Income – Membership above plan

• Corporate Membership rose by ~$5000• Individual Membership slightly higher

– San Diego Conference Income ($81,100 vs. $50,000)• Includes NE Chapter share of $6560

– Publication Income up• System Safety Analysis Handbook income ~$4,600 vs. planned $500

– RAMS Reimbursement $13,200 vs. $3,500

• Expenses

– Postage and Shipping costs are up– Web Construction and Internet cost allocations need to be finalized

August 2006 4

Plans of FY 07

• FY 07 Approved Budget– Expenses: $177,321– Revenues: $139,560– Carryover: ($37,761)

• Added Expense Items– Line Item for Employee Benefits– Publishing/mailing costs continue to rise