IAQG Treasurers Report Michael RobertsOctober 11 2013 v. 6.0 11 October 20131IAQG 2013 Fall -...
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Transcript of IAQG Treasurers Report Michael RobertsOctober 11 2013 v. 6.0 11 October 20131IAQG 2013 Fall -...
IAQG 2013 Fall - Montreal 1
IAQG Treasurers Report
Michael Roberts October 11 2013
v. 6.0
11 October 2013
IAQG 2013 Fall - Montreal 2
Finance Committee
• Mike Roberts (Boeing) Treasurer• Philippe Martin Vice Treasurer• Judy Lasley (Rolls Royce) EAQG FC• To be determined EAQG FC• Yoshi Kanno (SJAC) APAQG FC• To be determined APAQG FC• Bob Briggs (GE) AAQG FC• Dale Gordon (Aerojet) AAQG FC11 October 2013
IAQG 2013 Fall - Montreal 3
Statement ofFinancialPosition
31 August 2013
11 October 2013
IAQG 2013 Fall - Montreal 4
ASSETS LIABILITIES & NET ASSETSCurrent Assets: 8/31/2013 8/31/2012 Current Liabilities: 8/31/2013 8/31/2012
Cash $4,903,339 $4,354,481 Accrued Expenses $61,244 $65,334
A/R Due from (to) SAE Meetings Fund $8,150 $6,800
Prepaid Expenses $59,368 $73,959 Deferred Revenue - Meetings $36,300 $8,300
Accounts Recievable $220,851 $320,746
Accounts Recievable-Meetings Fund $0 $6,300 Deferred Revenue - OASIS $2,934,436 $2,659,298
Total Current Assets $5,191,707 $4,762,286 Total Liabilities $3,031,980 $2,732,932
Total Net Assets $2,159,727 $2,029,355
TOTAL ASSETS $5,191,707 $4,762,286 TOTAL LIABILITIES & NET ASSETS $5,191,707 $4,762,286
Statement of Financial Position
11 October 2013
IAQG 2013 Fall - Montreal 5
2013 Budget
Actual Expensesand Revenues(8/31/2013)
11 October 2013
IAQG 2013 Fall - Montreal 6
2013 Expenses – Initiatives (as of 8/31/2013)
IAQG Initiatives CC #2011
Results2012
Results2013
Budget
2013Net Expenses31 Aug 2013
Requirements 7732 $16,450 $28,500 $13,182
Product & Supply Chain Improvement (SCMH)
7721 $234,323 $135,830 $166,000 $86,112
People Capability n/a $0 $0 $0 $0
Performance 7727 $12,000 $6,000 $60,000 $12,000
OPMT 7720 $449,990 $619,110 $772,000 $279,043
RGS - Civil Auth. n/a $0 $0 $0 $0
RGS - Defense n/a $0 $0 $0 $0
RGS - Space n/a $0 $0 $0 $0
RGS - Trade 7730 $9,225 $0
RGS - MRO 7723 $5,000 $0
Integration 7728 $7,000 $18,500
Strategy Working Group 7731 $2,453 $4,000 $1,286
Other Combined n/a $22,384 $3,113 $0 $0
Total SWG Initiatives $721,150 $780,503 $1,051,725 $410,123
11 October 2013
IAQG 2013 Fall - Montreal 7
2013 Expenses – Operations (as of 8/31/2013)
IAQG Operations CC #2011
Results2012
Results2013
Budget
2013Net Expenses31 Aug 2013
IAQG / SAE MOU IAQO $304,966 $307,673 $313,834 $208,602
IAQG / SAE MOU Other IAQO $26,267 $24,327 $47,500 $7,477
IAQG / ITC Insurance IAQO $30,000 $30,000 $30,000 $20,000
AAQG Sector Support 7724 $29,455 $100,000 $100,000 $4,738
EAQG Sector Support 7726 $50,000 $100,000 $100,000 $100,000
APAQG Sector Support 7725 $50,000 $100,000 $100,000 $100,000
Meetings IAQM $54,715 $106,177 $100,000 $80,696
Communications 7722 $71,521 $119,447 $120,000 $9,543
Operations Management 7729 $0 $8,351 $9,000 $6,432
Incorporation - Initial 7733 $11,994 $22,079 $30,000 $6,383
Incorporation - Recurring $0 $0 $30,000 $0
Fees, Reserve, Misc. $97,152 n/a n/a n/a
Total Operations $726,070 $918,054 $980,334 $543,871
11 October 2013
IAQG 2013 Fall - Montreal 8
2013 Expenses – Totals (as of 8/31/2013)
IAQG Expenses CC #2011
Results2012
Results2013
Budget
2013Net Expenses31 Aug 2013
Total Initiatives $721,150 $780,503 $1,051,775 $410,123
Total General Operations $541,900 $511,877 $580,334 $258,437
Total Sector Allocations $129,455 $300,000 $300,000 $204,738
Total Meetings $54,715 $106,177 $100,000 $80,696
Total Operations $726,070 $918,054 $980,334 $543,871
Total Expenses $1,447,220 $1,698,557 $2,032,109 $953,99411 October 2013
IAQG 2013 Fall - Montreal 9
2013 OASIS Certifications
Number of Certification Fees
(invoiced fees)
Total2003-2007
2008 2009 2010 2011 2012as of
9/30/2013
New Certifications in OASIS
7164 1584 1,822 1,747 1,357 1447 1309
Re-certifications 2546 1,377 2,434 2,641 2,805 3764 2683
EAC1,7453,577
11 October 2013
IAQG 2013 Fall - Montreal 10
2013 OASIS Revenues
OASIS Revenues
Totalat End 2007
2008 2009 2010 2011 2012 2013Estimate
Invoiced Fees
$4,536,800 $1,308,375 $1,823,750 $1,863,875 $1,730,375 $2,137,625 $2,161.000
Invoiced Fees Earned
$3,367,024 $1,264,958 $1,329,747 $1,403,575 $1,498,802 $1,765,170 $1,898,000
Cumulative Deferred Fees
$2,136,386 $1,213,193 $1,707,195 $2,167,495 $2,399,068 $2,771,524 $3,034,000
11 October 2013
IAQG 2013 Fall - Montreal 11
Aging Invoice Write-off
• As of February 1, 2013, we had $24,325 worth of unpaid invoices dated 2011 and older.
• As of February 1, 2013, we also had $120,472 in unpaid 2012 invoices.
• During the 2013 Audit, the Finance Committee agreed to write-off all invoices dated 2011 and older that were still unpaid on April 30 – the actual write-off totaled $13,375.
• As of 1 October, we have $6,101 worth of unpaid invoices dated 2012.
• We continue to communicate with the CBs to secure payment for the remaining overdue invoices.
• Thanks, Becky DeGutis for all of your hard work on this.
11 October 2013
2013 IAQG Budget
2013 IAQG Budget Revenues ExpensesIAQG
Accounts
Net financial balance at 1st January 2013
$1,817,527
OASIS 2013 fees earned estimate $ 1,837,866
Initiatives (OPMT, SCMH, etc.) $1,051,725
2013 IAQG Meetings (net expenses) $100,000
Sector budgets (3 x 100 000 $) $300,000
2013 SAE & SAE-ITC Fee $391,334
Operations & Incorporation $189,000
Total 2013 revenues and expenses $ 1,837,866 $2,032,059 $ (194,193)
Net financial balance at end 2013 $ 1,623,334
2013 IAQG Year End Estimate
2013 IAQG Budget Revenues ExpensesIAQG
Accounts
Net financial balance at 1st January 2013
$1,817,527
OASIS 2013 fees earned estimate $ 1,898,000
Initiatives (OPMT, SCMH, etc.) $ 816,137
2013 IAQG Meetings (net expenses) $ 163,696
Sector budgets (3 x 100 000 $) $ 300,000
2013 SAE & SAE-ITC Fee $ 371,834
Operations & Incorporation $ 79,000
Total 2013 revenues and expenses $ 1,898,000 $ 1,730,667 $ 167,333
Net financial balance at end 2013 $ 1,984,680
Contractor Time & Travelas of 8/31/2012
Note: These totals do not include charges controlled by AAQG, EAQG and APAQG Sector allocations (such as IAQG and EAQG administrative
labor and travel, APAQG travel, Legal Entity labor and travel, etc.)
Initiative Labor Travel Total
OPMT (7720) General $116,609 $28,724 $145,333
SCMH (7721) $79,733 $10,179 $89,912
OMS (7729) $8,146 $124 $8,270
Requirements (7732) $3,390 $7,954 $11,344
Legal Entity - Lawyer $6,383 $6,383
Totals $214,261 $46,981 $261,242
IAQG 2013 Fall - Montreal 15
2014 Budget Forecast
11 October 2013
IAQG 2013 Fall - Montreal 16
2014 Budget Forecast – Initiatives
11 October 2013
IAQG Initiatives CC #2011
Results2012
Results2013
Budget2014
ForecastRequirements
(includes Integration)7732 $16,450 $32,000 $34,500
Product & Supply Chain Improvement (SCMH)
7721 $234,323 $135,830 $166,000 $136,000
People Capability n/a $0 $0 $0 $40,000
Performance 7727 $12,000 $6,000 $60,000 $60,000
OPMT 7720 $449,990 $619,110 $772,000 $777,000
RGS - Civil Auth, defense, Space, Trade, & MRO
77307723
$14,225 $5,000
Strategy Working Group 7731 $2,453 $4,000 $14,000
Other Combined n/a $22,384 $3,113 $0 $0
Total SWG Initiatives $721,150 $780,503 $1,048,225 $1,066,500
IAQG 2013 Fall - Montreal 17
2014 Budget Forecast – Operations
11 October 2013
IAQG Operations CC #2011
Results2012
Results2013
Budget2014
Forecast
IAQG / SAE MOU IAQO $304,966 $307,673 $313,834 $321,680
IAQG / SAE MOU Other IAQO $26,267 $24,327 $47,500 $28,000
IAQG / ITC Insurance IAQO $30,000 $30,000 $30,000 $0
AAQG Sector Support 7724 $29,455 $100,000 $100,000 $0
EAQG Sector Support 7726 $50,000 $100,000 $100,000 $0
APAQG Sector Support 7725 $50,000 $100,000 $100,000 $50,000
IAQG Enterprise Support tbd n/a n/a n/a $316,500
Meetings IAQM $54,715 $106,177 $100,000 $110,000
Communications 7722 $71,521 $119,447 $120,000 $70,000
Executive Committee tbd $0 $0 $0 $10,000
Operations Management(includes Dictionary)
7729 $0 $8,351 $9,000 $19,500
Incorporation - Initial 7733 $11,994 $22,079 $30,000 $0
Incorporation - Recurring tbd $0 $0 $30,000 $93,400
Fees, Reserve, Misc. $97,152 $0 $0 $0
Total Operations $726,070 $918,054 $980,334 $1,019,080
IAQG 2013 Fall - Montreal 18
2014 Budget Forecast
2014 IAQG Budget Revenues ExpensesIAQG
Accounts
Net financial balance at 1st January 2014
$ 1,984,680
OASIS 2014 fees earned estimate $ 2,055,000
Initiatives (OPMT, SCMH, etc.) $1,066,500
2014 IAQG Meetings (net expenses) $ 110,000
IAQG & Sector Allocations $ 366,500
2014 SAE & OASIS Expenses $ 349680
Operations & Incorporation $ 192,900
Total 2014 revenues and expenses $ 2,055,000 $2,085,580 $ (-30,580)
Net financial balance at end 2014 $ 1,954,100
11 October 2013
IAQG 2013 Fall - Montreal 19
Questions?
11 October 2013
IAQG 2013 Fall - Montreal 20
Presenter: Michael RobertsSubject: Treasurers Report
Does the Council accept the proposal to:
Accept the IAQG 2013 Fall Treasurers Report with 2014 Budget, as Presented
A vote in favor means: Budget is approved.
Not voting in favor means: Budget is not approved and changes must be made and re-presented to the General Assembly
Council Decision:
General Assembly Decision Request
11 October 2013