TREASURER'S REPORT
                    11 DECEMBER 2006
 
As we near the end of the 2006 budget year, a few items
will be noted.
 1. RAB distributed $175,000 in unspent funds to the
    Regions. The Region 3 share was $15,957. As a result,
    the Region should end the year with revenues exceeding
    disbursements.
 2. For both the SoutheastCon and Atlanta meetings, about
    a dozen participants did not submit expense reports. As
    a result, the travel expenses are below budget.
 3. By the end of the year, the IEEE-USA requirement to
    spend the allocated funds will be met.
 4. Through October, the Region 3 assessment amount is
    slightly below the 2005 amount at the same time.
 5. The Region 3 Finance Committee continues to develop
    the 2007 budget. At the present time, a deficit budget
    is forecast. Please cooperate with the committee if
    a request is made to justify the proposed budget
    under your responsibility.
 6. During a recent RAB teleconference with the 10 Region
    treasurers, it was noted that the SSVR report of 2006
    expenses will be reviewed and used as a metric for
    funding in 2008.
 7. Through October, the long-term investment account has
    increased by 8.46%.
 
The above items represent highlights for the year. If you
have questions, please contact me.
  
Charles