TREASURER'S REPORT

A few notes related to the Region 3 financial status at the end of
2003 follow. Two region meetings were held; one in Jamaica and one in
Atlanta. The total expenses for travel were about $64k. Numerous
members participated in professional activities, including workshops
in Jamaica and Seattle, Washington. Although most of the expenses are
covered by IEEE-USA, Region 3 supplemented professional activities by
about $3.7k. An excellent student conference was held in Jamaica, and
Region 3 provided $19.2k for student activities throughout the
year. For the year, the disbursements exceeded the receipts by
approximately $38.8k. A designated account related to Section support
for Sections Congress 2005 was established. Periodic contribution
updates will be distributed.

Region 3 assets are located in three accounts; Concentration Account,
Conference Reserve Account and Long Term Investments. Interest income
from the Concentration Account was $572 and interest from the
Conference Reserve Account was $1060. Through November, the Long Term
Investments provided gains, dividends and interest of $20k. Total
assets for the region are about $216.5k.

Submitted by,

Charles E. Hickman
Region 3 Treasurer