TREASURER'S REPORT
                                 3 APRIL 2005

This report contains information related to the 2004 year-end budget and
notes related to 2005 financial activities. In 2004, receipts exceeded
the budget by over $100,000. Major components for this difference
include excellent returns for conferences (+$18.8k), infrastructure
refund for funds deducted in 2002 (+$21.3k), regional assessment
(+$12.5k) and funds received in 2004 for projects scheduled in 2005
(+$45k). Also, the long-term investment returns exceeded the budget by
$6.7k. Disbursements exceeded budget by $21.9k primarily because of
National Scout Jamboree expenses incurred in 2004. The L50 report and
the IEEE-USA reports were submitted on time and accepted by IEEE
Headquarters.

In addition to SoutheastCon 2005, Region 3 will be hosting Sections
Congress 2005. Support for Region 3 participation in Sections Congress
comes from IEEE Regional Activities, Region 3 Sections and the Region
itself. As of 31 March 2005, sixteen (16) Sections have submitted
$25,288 to the Region for distribution. The National Scout Jamboree will
be held this summer. RAB has provided funding of $25,000 and the IEEE
Foundation has approved $25,000 for distribution in 2005. PACE Workshops
continue to provide excellent training for our members. These activities
include funding from IEEE-USA and Region 3.

The financial condition for Region 3 remains strong and viable. Several
Region committees are developing programs to serve all of our members
better.

Respectively submitted,

Charles E. Hickman
Region 3 Treasurer