Presentation is loading. Please wait.

Presentation is loading. Please wait.

IAQG Treasurers Report Michael RobertsOctober 11 2013 v. 6.0 11 October 20131IAQG 2013 Fall - Montreal.

Similar presentations


Presentation on theme: "IAQG Treasurers Report Michael RobertsOctober 11 2013 v. 6.0 11 October 20131IAQG 2013 Fall - Montreal."— Presentation transcript:

1 IAQG Treasurers Report Michael RobertsOctober v October 20131IAQG 2013 Fall - Montreal

2 Finance Committee Mike Roberts (Boeing)Treasurer Philippe MartinVice Treasurer Judy Lasley (Rolls Royce)EAQG FC To be determinedEAQG FC Yoshi Kanno (SJAC)APAQG FC To be determinedAPAQG FC Bob Briggs (GE)AAQG FC Dale Gordon (Aerojet)AAQG FC 11 October 20132IAQG 2013 Fall - Montreal

3 Statement of Financial Position 31 August October 20133IAQG 2013 Fall - Montreal

4 4 Statement of Financial Position 11 October 2013IAQG 2013 Fall - Montreal

5 2013 Budget Actual Expenses and Revenues (8/31/2013) 11 October 20135IAQG 2013 Fall - Montreal

6 2013 Expenses – Initiatives (as of 8/31/2013) 11 October 20136IAQG 2013 Fall - Montreal

7 2013 Expenses – Operations (as of 8/31/2013) 11 October 20137IAQG 2013 Fall - Montreal

8 2013 Expenses – Totals (as of 8/31/2013) 11 October 20138IAQG 2013 Fall - Montreal

9 2013 OASIS Certifications Number of Certification Fees (invoiced fees) Total as of 9/30/2013 New Certifications in OASIS ,8221,7471, Re-certifications25461,3772,4342,6412, EAC 1,745 3, October 20139IAQG 2013 Fall - Montreal

10 2013 OASIS Revenues OASIS Revenues Total at End Estimate Invoiced Fees $4,536,800$1,308,375$1,823,750$1,863,875$1,730,375$2,137,625$2, Invoiced Fees Earned $3,367,024$1,264,958$1,329,747$1,403,575$1,498,802$1,765,170$1,898,000 Cumulative Deferred Fees $2,136,386$1,213,193$1,707,195$2,167,495$2,399,068$2,771,524$3,034, October IAQG 2013 Fall - Montreal

11 Aging Invoice Write-off As of February 1, 2013, we had $24,325 worth of unpaid invoices dated 2011 and older. As of February 1, 2013, we also had $120,472 in unpaid 2012 invoices. During the 2013 Audit, the Finance Committee agreed to write- off all invoices dated 2011 and older that were still unpaid on April 30 – the actual write-off totaled $13,375. As of 1 October, we have $6,101 worth of unpaid invoices dated We continue to communicate with the CBs to secure payment for the remaining overdue invoices. Thanks, Becky DeGutis for all of your hard work on this. 11 October IAQG 2013 Fall - Montreal

12 2013 IAQG Budget RevenuesExpenses IAQG Accounts Net financial balance at 1st January 2013 $1,817,527 OASIS 2013 fees earned estimate$ 1,837,866 Initiatives (OPMT, SCMH, etc.) $1,051, IAQG Meetings (net expenses) $100,000 Sector budgets (3 x $) $300, SAE & SAE-ITC Fee $391,334 Operations & Incorporation$189,000 Total 2013 revenues and expenses$ 1,837,866$2,032,059$ (194,193) Net financial balance at end 2013 $ 1,623,334

13 2013 IAQG Year End Estimate 2013 IAQG BudgetRevenuesExpenses IAQG Accounts Net financial balance at 1st January 2013 $1,817,527 OASIS 2013 fees earned estimate$ 1,898,000 Initiatives (OPMT, SCMH, etc.) $ 816, IAQG Meetings (net expenses) $ 163,696 Sector budgets (3 x $) $ 300, SAE & SAE-ITC Fee $ 371,834 Operations & Incorporation$ 79,000 Total 2013 revenues and expenses$ 1,898,000$ 1,730,667$ 167,333 Net financial balance at end 2013 $ 1,984,680

14 Contractor Time & Travel as of 8/31/2012 Note: These totals do not include charges controlled by AAQG, EAQG and APAQG Sector allocations (such as IAQG and EAQG administrative labor and travel, APAQG travel, Legal Entity labor and travel, etc.) InitiativeLaborTravelTotal OPMT (7720) General$116,609$28,724$145,333 SCMH (7721)$79,733$10,179$89,912 OMS (7729)$8,146$124$8,270 Requirements (7732)$3,390$7,954$11,344 Legal Entity - Lawyer$6,383 Totals $214,261$46,981$261,242

15 2014 Budget Forecast 11 October IAQG 2013 Fall - Montreal

16 2014 Budget Forecast – Initiatives 11 October IAQG 2013 Fall - Montreal

17 2014 Budget Forecast – Operations 11 October IAQG 2013 Fall - Montreal

18 2014 Budget Forecast 2014 IAQG BudgetRevenuesExpenses IAQG Accounts Net financial balance at 1st January 2014 $ 1,984,680 OASIS 2014 fees earned estimate$ 2,055,000 Initiatives (OPMT, SCMH, etc.) $1,066, IAQG Meetings (net expenses) $ 110,000 IAQG & Sector Allocations $ 366, SAE & OASIS Expenses $ Operations & Incorporation$ 192,900 Total 2014 revenues and expenses$ 2,055,000$2,085,580$ (-30,580) Net financial balance at end 2014 $ 1,954, October IAQG 2013 Fall - Montreal

19 Questions? 11 October IAQG 2013 Fall - Montreal

20 Presenter: Michael Roberts Subject: Treasurers Report Does the Council accept the proposal to: Accept the IAQG 2013 Fall Treasurers Report with 2014 Budget, as Presented A vote in favor means: Budget is approved. Not voting in favor means: Budget is not approved and changes must be made and re-presented to the General Assembly Council Decision: General Assembly Decision Request 11 October IAQG 2013 Fall - Montreal


Download ppt "IAQG Treasurers Report Michael RobertsOctober 11 2013 v. 6.0 11 October 20131IAQG 2013 Fall - Montreal."

Similar presentations


Ads by Google