IEEE CPMT Treasurer's Report 11/12/04
As a result of our recent financial performance, we can now
that CPMT has made a recognized turnaround and we have been removed
from the IEEE TAB's "Watch List". We established a 2005 budget that
projects a $76.6K surplus for 2005 (Revenue of $1.8133M ). In 2003 we had a surplus of $349.4K (Revenue of $1.3862M ) and added to our CPMT reserves that surplus to bring the reserves to ~ $2M at the end of 2003. We currently expect to end 2004 on or close to budget (Revenue of $1.4753M ) with a surplus of $36K. The CPMT Leadership and the BOG continues to enhance our financial stewardship and look for opportunities to increase revenues and reduce our expenses and bring about increasing global value to the CPMT membership.
John M. Segelken, CPMT Treasurer
John also mentioned that the Las Vegas ECTC with more than 1000 in attendance resulted in a revenue input to CPMT activities of $88K. This is the best example of how the CPMT volunteer effort results in more resources to help members even more.