CPMT Treasurer’s Report
The CPMT Board of Governors has finalized a $1.3 million budget for 1999 to continue existing services to members and also invest in initiatives for future service and growth. The budget was submitted to IEEE September 11, 1998 for review by IEEE Technical Activities Board Finance Committee and approval by the Technical Activities Board prior to 1998 year end. The 1999 budget provides for successful publications, conferences and workshops, activities, and educational support to be maintained. It also includes support for expanded and revitalized Technical Committee activity, increased membership development, attention to emerging technologies and also to geographic areas of emerging importance to the Society, conversion of our publications to electronic form, and web site enhancements including initial steps toward multimedia capability and "push technology" information delivery. Some of these new initiatives are not yet fully defined, but have been included in the budget subject to approval by the CPMT Board
of Governors to expend the appropriated budgets. These
initiatives involve a conscious decision by the Board of
Governors to draw upon our substantial financial reserves if
necessary to ensure and enhance the future of CPMT. The
proposed budget shows an operating deficit of $33K in 1999,
compared to a budgeted surplus of $100K in 1998 and an
actual surplus of $500K in 1997.
The budget items below are conservative estimates of income and expenses for the next calendar year. Approximately $45K in expenses have been added to the budget in the last week to include investments in new technical focus areas, as well as new Internet methods of communicating with members.
Income
interest $61K
CPMT dues 35.7
Transaction A 235.5
Transaction B 226.5
Transaction C 128.7
Meetings 650
Total $1,337.4K

Expenses
Transaction A 120.2
Transaction B 134.4
Transaction C 72.4
Periodicals 7.0
Newsletters 16.0
Non-periodical 3.0
Meetings 550.0
Administration
Executive office 137.9
Presidents office 5.0
BOG committee 29.0
Chapter committee 22.6
Distinguished Lecturers 10.0
Technical Committees 15.0
Membership 35.0
Executive Comm 10.0
Awards Committee 11.0
Fellowship-Graduate 40.0
Education Committee 11.0
Other Committees 7.0
Misc 10.0
Total Expense 1,326.7
--taken from Merrill Palmer’s notes