Public Page
2020-11-13 Meeting Minutes
Attendees
@jeffcieca (Unlicensed) @Paul Barry @Kim DeVallance Caron @Phil Martinez @Greg Best Jeff Deithrich
Agenda
Q3 Financial Statement Review
Membership
Q3 Financials Review
Conference: Revenue is down $55,000 due to no conference, however there is an offsetting reduction in General Expenses of $41,000 for a net $4,000 loss.
New Membership: $22,500 above budget
Renewals: $39,700 below budget but that may change as a couple large companies are in the process of paying.
Duplicate Salaries - Transition: Transitions took less time than planned and there was no travel so overall Expenses were $125,265 less than planned.
Overall year-to-date we are $48,483 better than budget.
Membership
Strong growth in new membership of small companies. Mostly Tech companies, several working on Calibration type projects.
Phil requested a Membership Deep Divehttps://cieca.atlassian.net/browse/MTGS-25 for the January Board Meeting.
2021 Budget
Need a 2021 Budget prepared for approval by the Board
Paul to develop Budget recommendationhttps://cieca.atlassian.net/browse/FIN-7
Paul to work with Jeff Dietrich to review how budget was prepared last year.
Budget to be reviewed with finance committee in December meeting