From: Charles E. Hickman
Subject: Treasurer's Report
To: Region 3 Excom
Date: Wed, 14 Mar 2001 10:37:42 -0600


                          TREASURER'S REPORT
                            14 March 2001
                          Charles E. Hickman

The approved Region 3 budget for 2001 estimates an income of $102,284
and expenditures of $179,750. Major sources of income are the rebate
of $66,200 and an IEEE-USA allocation of $14,543 to support
professional activities. In planning for Sections Congress 2002, an
additional $7,000 was designated this year, bringing the total to
$14,000. It is expected that Region 3 will budget $21,000 in 2002 to
assist and encourage Section participation in this outstanding event
to be held in Washington, DC. The budget includes expenditures of
$30,000 for the National Scout Jamboree to be held in Virginia on July
23 - August 1, 2001. It should be noted that the Regional Activities
Board deposited $30,000 into our Concentration Account in December
1999 for expenses related to this program.

At the end of 2000, total assets for Region 3 were $254,731, which
included a balance of $119,828 in the Concentration Account and
$128,953 in the Long-term Investment Account. Loans receivable and
equipment assets accounted for $5,950. During 2000, the Long-term
Investment Account market value declined by $501.

A new account, IEEE Region 3 Conference Reserve, has been established
with an initial deposit of $50,000 that was distributed to Region 3
from Southcon.

The 2001 budget includes funding that will allow us to serve Region 3
members well in a number of areas. Therefore, we are looking forward
to another outstanding year of identifying and meeting the needs of
our members.

If you have questions or require additional information, please
contact me.