From: "Charles E. Hickman" Subject: Treasurer's Report To: Date: Sun, 21 Oct 2001 17:39:00 -0500 TREASURER'S REPORT October 23, 2001 Charles E. Hickman Region 3 maintains three IEEE accounts; General Concentration Account, Reserve Conference Concentration Account and Long Term Investment Fund. In spite of the decline in the market value of the Long Term Investment Fund, Region 3 finances continue to be adequate to serve the needs of our members. Major income sources are the annual rebate, IEEE-USA funds for professional activities, interest income from Concentration Accounts and grants for special projects. The Region received income from both SoutheastCon 2000 and SoutheastCon 2001 this year. Also, Southcon distributed proceeds to the Region. Through mid-October 2001, total income, exclusive of the Southcon proceeds, exceeds total expenditures. The 2002 budget is under development, and a major event will be Sections Congress 2002. A number of projects supported financially by Region 3 have been highlighted in recent issues of The Institute; namely, National Scout Jamboree, Canaveral Milestone Project, Corporate Relations Project and Leadership Development Training, among others. If you have questions or require additional information, please contact me at c.hickman@ieee.org.