Treasurer´s report

The following report is based on information provided by the IEEE (R. Emberson´s TAB office). IEEE Headquarters acts as the bursar for our Groups and Societies in IEEE. The Group´s income consists of membership fees, support from the IEEE, interest, sales of Transactions and conference proceedings, IEEE Press sales of books written for our Group, meeting profits, and other income. Expenses are incurred by the Transactions, by the Newsletter, by miscellaneous periodical expenses, nonperiodical expenses, meetings, IEEE staff administration, IEEE Headquarters service to the AdCom, Adcom external costs, and other expenses. Income for 1974 exceeded expenses by about $22,600, but income for 1975 is expected to only equal expenses. (This reduction in out profit for 1975 is the result of an increase in the anticipated number and cost of pages published in the Transactions in 1975.) Our capital surplus at the end of this year is $18,500 (deducting our previous years´ debts of $4,100).