TREASURER'S REPORT
                              22 MAY 2006
 
The major financial activity since the Region 3 meeting in
Memphis has been processing expense reports related to
that meeting. The total expended for 38 expense reports
is $21,293. According to attendance records, 63 people
qualify for reimbursement. The hotel room night and meal
expenses are not included in this total since an invoice
has not been received from the Marriott.
 
The funds in the assessment account as of 30 April 2006
total $18,579. A transfer of $15,000 to the Region 3
concentration account has been requested. A report has
been submitted to IEEE-USA related to the St. Louis
PACE workshop. The approved distribution process was
followed, and the total allocation of $6,333 will be
transferred. Neither of these transfers has been made, and
the current balance in the concentration account is $64,804. 
The conference reserve balance is about $90k and the long
term investment balance is about $162k.
 
A report from the Region 3 Finance Committee was 
submitted to the Region 3 Audit Committee. Efforts
were made to address all of the issues included in the
audit report. The Finance Committee believes the audit
process was helpful.
 
The Regional Activities Board (RAB) has established a
Region Treasurer group under the direction of the RAB
Treasurer, David G. Green. The teleconferences provide
the opportunity to interact with other Region treasurers
throughout IEEE and to receive updates on RAB activities
in a timely manner.
 
If you have comments or questions, please contact me.
 
Charles E. Hickman
Treasurer, Region 3