TREASURER’S REPORT
5 DECEMBER 2008

The Region 3 revenues through November are $208,462 compared to a budget of
$205,687. Included in the revenues are a Southcon distribution of $12,682 and
regional assessment of $36,000. The assessment is higher than budget because
the last 2007 transfer did not occur until 2008. An additional assessment
transfer of at least $5,000 will be made. The Long-Term Investment account has
declined by $53,210 (about 28% loss) to a value of $133,255.

Disbursements are $133,075 compared to a budget of $254,925. The Sections
Congress 2008 billing for the Region meeting and Sections Congress
participation has not been finalized. These charges from the master billing
are expected to be about $40,000. The major MGA – Girls Go Engineering (new
name) program expenditures are scheduled for 2009. Only $800 of the $6,150
budget for Section Support via Region has been spent. Several end-of-the-year
disbursements are expected, but it is difficult to estimate several of these,
e.g., a number of Sections Congress attendees have not submitted an expense
report. It is requested that everyone review the budget sent by e-mail a few
days ago to evaluate the status of 2008 programs and to submit proposed 2009
budget numbers.

At the present time, a reasonable estimate is that the 2008 budget will be
close to balanced rather than the $49,238 deficit predicted. If you have
questions, please contact me.

Charles E. Hickman
Region 3 Treasurer