Treasurer’s Report
Year-to-date through April 2000 CPMT financial performance is within the approved budget. Actual expenditures of most committees and projects are substantially less than pro-rata budget. The 20 May 2000 meeting of the CPMT Board of Governors (BoG) approved an unbudgeted increase in the amount of travel support available for BoG meeting attendance this year by voting members only. This is to encourage more participation by non-U.S. BoG members and to perhaps enable the holding of a meeting outside the U.S..
The CMPT budget for the year 2001 is being finalized. Member dues and subscription rates will be unchanged from 2000. The budget is being formulated to fund implementation of the strategic planning decisions that have been the major emphasis of BoG meetings this year. In general, present publications, conferences, technical activities, and awards will be continued.

It is planned to add a full-time administrative position at IEEE headquarters to assure timely web-based processing of Transactions papers and to provide additional infrastructure support for meetings and conferences and for member services. It is also planned to sponsor technology forecast workshops, develop and implement student programs, begin development of web-based courses, increase globalization efforts, and perhaps continue for one more year the very successful Packaging Education Fellowship.

At the present time, no income from interest and investment earnings is being included in the budget, pending resolution of Institute-level budget issues. Without interest and investment earnings and subject to finalization July 1 of strategy implementation, it appears that CPMT will budget a deficit on the order of $100K for calendar year 2001, to be paid from the ample financial reserves of the Society.

-- Merrill Palmer, Treasurer