1. Executive Council Meeting Report for Treasurer
Submitted by Mary Ellen Caro
August 21, 2005
The Westin Hotel
San Diego, California

2. Accomplishments for Society Year 2005
Summary of FY 05
Accomplishments for Society Year 2005
Opened an emergency account with $50,000 with an annual return of approximately 4% (5 Year CD)
Unsuccessful conference
Sudden drop in membership
Opened an account with $80,000 of non-operating funds with a annual return of approximately 4% (5 Year CD)
Significant increase in return over the checking account yield in FY04 (less than .5%)
21 August 2005
Caro

3. Budget for FY 05 (Completed at end of FY 04)
Summary of FY 05
Budget for FY 05 (Completed at end of FY 04)
Expenses: $170,634
Revenue: $163,150
Carryover: ($7,484)
Actuals for FY 05
Expenses: $132,453
Revenue: $141,925
Carryover: $9,472
Society accounts as June 30, 2005: $199,433.20
Checking $67,492.99
Savings $81,193.98
Emergency $50,746.24
21 August 2005
Caro

4. Income Expenses Summary of FY 04 (cont.)
Membership ($66,046 (act) vs. $70,750 (bud))
Corporate Membership rose by ~$900
Individual Membership steady (did not get budgeted gains)
Providence Conference ($45,600 vs. $50,000)
Includes NE Chapter share of $6560
Expenses
Publication Costs ($44,934 vs. $65,670)
JSS Publishing ($37,144 vs. 57,630)
Xtra JSS Mailing ($3,819 vs. $1,840)
eJSS ($1,780 vs. $5,000)
Web Construction (No expenses in 2005)
21 August 2005
Caro

5. FY 06 Approved Budget Plans for FY 05 Expenses: $150,870
Revenues: $135,400
Carryover: ($15,470)
21 August 2005
Caro

6. Use of PayPal for to pay conference registration fees on-line
Issues
Use of PayPal for to pay conference registration fees on-line
Continuing deficit projections
The Society cannot rely on an increase in membership and conference bonanzas to help counteract our deficit projections
Membership base seems to have stabilized - membership income has actually come down slightly from its peak in FY02
Conference income for future conferences cannot be expected to be what it was in Huntsville, Denver and Ottawa
Recommend raising conference fees $10 a year (less than 1.5% annual increase) until the budget reconciles itself
Do not recommend raising the membership fee since this may result in a loss in membership as some members pay for the fee themselves
21 August 2005
Caro