Financial Activities Report

1
Financial Activities Report

• Barcelona, Spain
• April 23, 2005Xiaoping Yun
• Treasurer
• Tony Maciejewski
• VP for Finance

2
Outline

• Financial Status Xiaoping Yun
• 2006 Budget Tony Maciejewski
• Financial Impact of Initiatives Tony
  Maciejewski

3
Summary of Income and Expenses(All numbers in
1,000)
4
(No Transcript)
5
Summary of Income and Expenses(All numbers in
1,000)
6
(No Transcript)
7
Periodicals Income and Exp Summary(All numbers
in 1,000)
8
Summary of Income and Expenses(All numbers in
1,000)
9
(No Transcript)
10
Summary of Income and Expenses(All numbers in
1,000)
11
(No Transcript)
12
Summary of Income and Expenses(All numbers in
1,000)
13
Historical Financial Data(All numbers in 1,000)
14
Historical Financial Datawith Book Broker/IEL
Info(All numbers in 1,000)
15
Impact of IEEE 2004 Finances on 2006 Budget

• IEEE 2004 Net Surplus of 22M
• 12M operational surplus
• 10M market fluctuation
• 2004 reserves of 124.5M
• Society budgets must be break even or better
• Excludes market fluctuation
• Excludes up to 3 of reserves for initiatives

16
2006 Publication Rate Principles

• Member rates - recover incremental costs
• Student rates - 1/2 of regular member rates
• Non-member rates - 2/3 of market value
• Page counts based on quality/service

17
2006 Magazine Rates

• Keep membership rates same as 2005
• Regular - 21 incremental cost 16.9 in 2004
• Student - 11
• Non-member rates at IEEE suggested rates
• 315 (up 10 from 285 in 2005)
• Increase page count 12 to 360 from 320

18
2006 Trans. Robotics Rates

• Keep membership rates same as 2005
• Print - 19 (10) incremental cost 17.8 in
  2004
• Electronic - 15 (8)
• Combo - 21 (11)
• Non-member rates at IEEE suggested rates
• 660 (up 12 from 590 in 2005)
• Increase page count 20 to 1291 from 1076
• Plan to print 1291 in 2005

19
2006 Trans. Automation Science Engineering Rates

• Keep the membership rates the same as 2005
• Print - 15 (8) - incremental cost 14.2 in
  2004
• Electronic - 10 (5)
• Combo - 17 (9)
• TASE with TRO 25 discount on combination, same
  as 2005
• Print - 25 (13)
• Electronic - 18 (9)
• Combo - 29 (15)
• Non-member rates at IEEE suggested rates
• 385 (up 4 from 370 in 2005)
• Increase page count 3.8 to 440 from 424

20
Publications Motions for 2006 Budget

• Approval of 2006 rates for all publications
• Rollover of TRO Manuscript Central budget - 19K
• Increase in Magazine budget - extra 3K for
  electronic management system (Papercept) and
  extra 4.4K for travel (14.5K total in Magazine
  editorial budget)

21
Additional Motions for 2006 Budget

• Increase in Conference Board budget from 13K to
  15K
• Award for Technology Transfer and
  Commercialization - 1K
• Young Professional Lunch 5K per year

22
Types of Initiatives

• Society Internal Initiatives
• Less than 50K (else requires TAB approval)
• Total less than 3 of Society reserves (100K)
• Forecasting Initiative
• Not within original budget but can be implemented
  if forecast is favorable
• TAB Initiatives
• IEEE Initiatives (abstract due April 25)

23
Conditional Approval of Initiative Proposals

• Initiatives for 2006 must be included in Society
  budget given to TAB on May 6
• Conditional Approval
• Approve concept of proposal
• Address questions from FinCom
• Full proposal circulated to AdCom in next three
  months
• Budget approved by AdCom at fall meeting

24
Conditionally Approved Initiative Proposals

• Industrial Activities Board
• Robotics Technology Roadmap - 25K (2 yrs)
• Standards Initiative - 20K (2 yrs)
• Conference software development - 10K
• Electronic Services - 105K (3 yrs)

25
Financial Impact of Approved Initiatives

• Industrial Activities Board
• Innovation and Entrepreneurship Forum - 12.25K,
  7.25K (2 yrs)
• Technical Activities Board
• Make 500 available to each technical committee
  for web presence - 30K (3 yrs)
• IEEE EAB tutorials CD (XELL) - 20K (forecast
  initiative)

26
(No Transcript)
27
Award for Technical Transfer and Commercialization

• Good visibility of RAS conferences to industry.
  An incentive for industry to participate in RAS
  conferences.
• Nominated papers must have been presented at RAS
  sponsored/cosponsored conferences.
• Nominated commercial products must be based on
  papers presented at RAS sponsored/cosponsored
  conferences.
• Authors of paper that presented the first idea
  and of the paper that described the final product
  will be awarded based on the committees
  selection.
• Boards involved Membership, Industry, Technical,
  Conference