TREASURER'S REPORT 24 SEPTEMBER 2007 At the present time, the Region 3 program receipts are $122,561 compared to a budget of $148,650. Three other significant revenues are expected: Region assessment, proceeds from SoutheastCon 2007 and IEEE-USA support for the Phoenix PACE Conference. These additions should bring the total receipts close to budget. The long term investment account receipts are $8,434 (through August) compared to a budget of $13,400. On the disbursements side, program expenses total $90,872 compared to a budget of $180,000. A number of major expenditures are expected in the next three months; namely, Region 3 meeting in Birmingham, printed newsletter and employment assistance software. For a number of budgeted items, no expenses have been incurred, including the Section Support via Region (SSVR). Going out on a long limb, it is expected that a deficit budget will result this year, but it will not be as high as the approved $31,350. If you have questions, please contact me. Charles E. Hickman Treasurer, Region 3