SICACT Treasurer's Report Michael Luby SIGACT Secretary/Treasurer March 1, 1996 This is a short note on the state of SIGACT. Overall, SIGACT is quite financially healthy at this point, with a continuation of the net positive influx of funds that has been the trend over the past few years. There is currently a substantial buffer of money that allows flexibility to implement some innovative programs and to update to new technologies and ways of operating as a group that will make it even more streamlined and effective in the future. As of the end of fiscal 1995 (June 1995), we had a net surplus of $295K that has been building up over the years. At the beginning of 1995, the surplus was $186K, so this grew by $109K in one year. There seem to be a few primary factors that contributed to this buildup. A significant factor is that conferences axe consistently being budgeted in a way that on average they have a small net surplus, and the truth is that they do a bit better than they are even budgeted for. Thus, in 1995, large conferences had a net surplus of $30K, compared to a projected net
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SICACT Treasurer's Report
Luby, Michael
Follow ACM SIGACT News
, Volume 27 (2)
Association for Computing Machinery – Jul 1, 1996
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