SSCS

1

• SSCS
• Treasurers Report
• February 5th, 2006
• Rakesh Kumar

2

Agenda

• 2005 Financials Budget vs. Actuals
• 2006 Budget
• Feedback on Mini-Initiatives (Placeholders)
• 2007 Outlook
• New Mini-Initiatives
• Reserve Trends

3

Budget vs. Actuals Trend

• SSCS Financials turned Positive starting in 2003
• Surpluses are projected thru 2008
• Early look at 2005 Actuals are very
  favorableslightly better Y-O-Y (12th month)

4

2005 Actuals 12th Month vs. Budget Net
Surplus (Deficit), K
JSSC Page Count Up
Revenue Up, Exp Down
Expenses Down

• IEL/Xplore Hits based Revenue only partially
  includedSSCS still at the Top
• BB Revenue Not included
• Market Fluctuations and IEEE Infrastructure
  Charges Not finalized

5
2006 Budget and 2007 Outlook Net Surplus
(Deficit), K

• 2007 Based on Projections
• 2007 Budget Input in May 2006, before next AdCom
  meeting
• Need Feedback on Mini-Initiatives

• Begin to receive Revenue from Xplore Enterprise
  Edition, electronic-only product for smaller
  firms
• May get new algorithmTreasurers Workshop in
  March

6

SSCS Reserves Trend

• 2005 Reserves could be over 2.8M
• Getting close to matching the peak!

• New Initiative Spending Rule
• RER must be gt50. (SSCS is currently at 56)
• Starting with 2007 Budget, Societies could fund
  Initiatives up to 3 of Reserves

7

• Concerns
• Budgeted Surplus used to be 1.5 of Revenue now
  is 8-10
• Large swings in Financials from Hits and IEEE
  Infrastructure not controlled by SSCS
• Membership and Paper Subscriptions are Trending
  Downward
• Conferences are subject to Economic
  strength/weakness
• Recommendations
• Continue close management of Revenue and Expenses
• Keep an eye on IEEE algorithms
• We MUST strive to maintain Quality of Conferences
  and Publications
• Out of the box ways to increase Membership
• Reconsider 2006 Expenses and 2007 Budget after
• Final 2005 numbers are available in March
• AdCom Inputs from this Meeting
• Increase JSSC Subscription by 2
• __________________________________________________
  ______
• Acknowledgements
• Support and Guidance from Anne ONeill and Dave
  Hodges

8

Appendix
9

Financial Implications of Todays Votes, 2/6/05

• JSSC Subscription Increase by 2 each. Positive
  Impact 16K
• ISSCC 2006 DVD. Incremental Cost included in
  ISSCC Budget.
• ISSCC 2006 Advance Increase to 700K. Cash Flow
  will need to be watched.
• CICC 2005 Advance of 60K. Per Plan.
• JSSC 2006 Page Count increased to 2700.
• CAD Council Formation, 10K
• Approve Outline of proposed 2006 budget, and
  authorize Exec Comm(Pres, VP, Past Pres,
  Treasurer) to make adjustments in May for
  submission to IEEE.

10

11

Top 4 Contributors to SSCS Net Surplus

• Meetings/Conferences 1700
• SSCS Fees 929
• JSSC 930
• CD ROM 931