1. The Society of Women Engineers
FY15 – May Financial Analysis
Cindy Hoover – FY15/16 Treasurer

2. FY15 May Update – Income Summary
Status
Category
FY15 actual YTD as a % of Budget
Comments
Dues
121%
Dues up in all categories, especially new and renewing members and corporate members. Increase of 14% from FY14.
Other
124%
Will track to budget after CPC income is moved to FY16 ($144K). EFI Interest income of $93.8K expected in June.
Program & Services
97%
Tracking to plan. FY15 includes FY14 SPF income ($90K) for branding in grants sub-category. This will be removed in year end audit.
Expect EFI Awards ($24,907K) and EFI Scholarships ($11,500) in June.
Publications
99%
Tracking to budget.
Total
109%
Total income period to date is running ahead of budget. Special Project Fund Income for FY15 received.
Conference
117%
Strong conference income. Account receivable of $35-40K.

3. FY15 May Update – Operations Income

4. FY15 May Update – Conference Income

5. FY15 May Update – Expense Summary
Status
Category
% Actual YTD to Budget
Comments
Management
86%
Travel & AV costs for RG are over budget; A total of $9K will charge off to grants. SPF $60K received for BOD Consulting fees (spend at $43.9K/showing $17K credit). Correct spend to budget is 100% .
Administrative
97%
Executive office (HQ) tracking slightly over budget. Expect $55K to be charged back grants and $212K for monthly spend in June.
Program & Services
133%
Income from special projects fund offsetting some D&I expenses ($60K). European conference driving additional expense ($105K).
Membership
95%
Expenses tracking to budget.
Publications
98%
Expenses tracking higher than FY14 spend rate and budget. Production costs and commission driving increase from FY14. There was a commission credit in May to offset higher spending ($73K).
Relations
76%
Expenses tracking under budget.
Total Expenses
99%
Expenses tracking slightly high to budget. Offsetting revenue to cover.
Conference
Conference cost performance for WE14 similar to WE13, with significantly higher revenues of approximately $500K. Anticipate $170K in show management fees and $76.5K to reserve fund.

6. FY15 May Update – Operations Expense

7. FY15 May Update – Conference Expense

8. FY15 Projected Year End Income Assumptions:
($144K) in Other (CPC) to FY16
$93,756 in EFI Interest
$24,907 EFI Awards
$11,500 EFI Scholarship
$35K Conference Receivables
($90K) SPF Branding from FY14
Expense Assumptions:
($212K) in monthly Admin spend
$55K Admin charge to grants
$9K travel charge to grants
($17K) in consulting fees
($170K) in show mgmt fees

9. FY15 Project UNA