TREASURER'S REPORT 7 JULY 2005 At mid-year 2005, the Region 3 budget is on target; revenues of $116,243 and disbursements of $117,094. However, there will be a budget deficit at the end of the year because a number of revenue sources submitted funds to the Region in 2004 for programs scheduled in 2005, e.g., Sections Congress 2005. Income from SoutheastCon2005 was $2,500. Contributions for Sections Congress 2005 total $37,522 from 24 Sections and 2 Councils. The long-term investment income is $551 through 31 May 2005. The opportunity for funding projects through Section Support via Region receipts has gone untouched. Contact Director Harrison with your ideas for projects that will serve your members. It is my understanding that the Regional Activities Board (RAB) will be recommending that organizational units such as Regions, Sections and Chapters should submit check registers for review by their respective executive committee on a regular basis. To meet this procedure, I plan to present the Region 3 check register at each executive committee meeting. Also, RAB plans to issue some recommendations related to audit procedures. Dave Green, RAB treasurer, can provide further details at the 9 July econference. Charles E. Hickman Treasurer, Region 3