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