TREASURER'S REPORT
                              18 JANUARY 2007
 
The purposes of this report are to discuss several items related to
current Region 3 financial issues; end-of-year 2006 budget, proposed
2007 budget and changes in the chart of accounts to conform to RAB
recommendations.
 
1. Do you believe in miracles? At the end of November, the
    only question was how much was the 2006 budget
    deficit going to be. Then the final results for    
    SoutheastCon 2006 showed a share of $16k for the
    Region. This news was followed by another $16k from
    RAB listed as an "unspent distribution." The result of
    these revenues resulted in a sizeable surplus for 2006.
    The December results are not yet available for the long
    term investment account. Through November, the
    increase was over $16k (must be our lucky number).
 
2. The proposed 2007 budget shows a deficit of $28.6k.
    Two items should be considered in discussing this
    deficit. The RAB distribution was received too late to
    define areas to enhance member services in 2006.
    The Membership Development Committee request for
    $10,000 was considered as the 2007 funding for one of 
    the Region initiatives. Although this argument does not
    meet generally accepted accounting principles, the
    proposed budget deficit could be considered as
    significantly reduced by the impact of these two 
    items. The Region 3 Finance Committee recommends
    approval of the 2007 proposed budget by the Region 3
    Executive Committee.
 
3. If you compare the first draft of the 2007 proposed
    budget with the attached version, you will note a number
    of changes in the chart of accounts. These changes
    were the consensus from discussions among RAB
    personnel, the RAB treasurer and the 10 Region
    treasurers. These changes conform to the chart of
    accounts contained in the L50 form.
 
The final results for the long term investment account
should be available before our Monday econference.
If you have questions or require additional information,
please contact me.
 
Charles E. Hickman
Treasurer, Region 3