1. IOTA Business Overview Starting Balance: 2011 July 11 –$6,305.46 Ending Balance: 2012 October 19 –$5,997.29 Net decrease in Balance: –$308.17

2. IOTA Business Overview Membership Income: $3,607.37 Interest:$6.98 IOTA-VTI Royalties:$786 PayPal Balance:$510.64 Expenses –Printing/mailing costs: $2,617.18 –JOA layout/design:$1,973.88 (6 issues) –Web service:Still donated –Awards$ ? –Fees: PayPal fees totaled $55.10

3. IOTA Business Items JOA publication –On schedule (slightly behind on current issue) –Obvious European flavor, need more global contributions? Online access –Issues uploaded well before print copies are delivered –Encouraged to switch to online access, although… Complaints –Only from EBSCO-type services

4. Membership/Subsciptions #s Print –67 USA –20 Outside USA Online-only –45 subscribers

5. JOA 1203 costs Layout/Design: –$305.99 (Є238) 90 Copies Printed: –$232.56 Envelopes/Labels/Printable Postage Sheets: –$124.30(purchased every 2-3 issues) Postage: –$332.56

6. JOA 1203 costs Net cost of ~$912.55 for this issue –(about due to irregularity in supplies) 87 issues mailed so each issue cost ~$10.49 Price paid per issue by members depends upon several factors (location, payment & delivery options) but is ~$10.29