IDL SIG Treasurerʼs Report for Q4 2021

By Jamye Sagan, IDL SIG Treasurer

We end 2021 on a steady financial note—we were able to fund all of our activities, plus a little extra for next year. As of December 20, we have a total of $292.92 in our account—$292.92 in our vested funds, and none remaining in community funding. Vested funds can roll over each year, but any remaining community funding will be absorbed back into STC. Therefore, we always spend down our community funding before tapping into our vested funds. 

Unlike chapters, special interest groups do not have standalone accounts. Instead, they have sub-accounts directly under the STC umbrella. Because we did not meet again in person at Summit this year, we did not incur as many expenses such as door prizes and business lunch catering.

From September to December, we incurred the following expenses:

  • Webinar and workshop stipends
  • Zoom annual subscription

As for income, this year we made nearly $100 total from our webinars. These proceeds come from paid attendance from IDL non-members. IDL members and students attend our webinars at no charge.

As of December 20, we are still awaiting approval of our 2022 budget. The Budget Review Committee is still reviewing all STC community budgets; we expect ours to be approved any day now. We take great care to ensure that our funds will benefit as many of our members as possible. Thank you for supporting us, whether by attending our webinars and online events, reading/contributing to our newsletter, or perusing our website.

If you have any questions about SIG finances, please email me at treasurer@stcidlsig.org.

IDL SIG Treasurer Report – 2021 Q3

by Jamye Sagan, IDL SIG Treasurer

How much money do we have?

As of September 27, 2021, we have $789.67 in our account – $273.34 from community funding and $516.33 in our vested funds. 

 

Since Q2, we have incurred the following expenses: two speaker honoraria for our July 14 and September 15 webinars. We even made almost $16 profit through non-SIG-member webinar registrations. 

 

In the next couple of months, we will submit our reimbursement requests for our Zoom and Survey Monkey subscriptions. We use Zoom to conduct our educational webinars, leadership meetings, and virtual social events. We use Survey Monkey for our demographic surveys and elections. We also plan to purchase some small raffle prizes for our upcoming virtual social events – our annual Virtual Open House sometime in November, and our First Friday at Five event in December. 

 

Budget Time! Where do we get our funds?

We are about to begin working on our 2022 IDL SIG budget. Every year, all STC Chapters and Communities of Practice submit their budgets to the STC head office. From there, the budget committee will review all budgets and approve them. 

 

Our primary source of income comes from community funding and vested funds. Community funding are funds we receive from the STC office, based on the number of SIG members as of August 31. We receive a certain dollar amount per member. Since these funds do not carry over from year to year, we must use them or forfeit them. We plan our budget so that we spend all of our designated funding.

 

Vested funds are funds we have earned through the years. These funds can carry over year after year.

 

As we review our budget, we constantly check where we can save costs and, most importantly, see how we can use our funds to best benefit you – our members. 

 

We’d like to hear from you!

If you have any questions about SIG finances, please email me at treasurer@stcidlsig.org.

IDL SIG Treasurer Report – 2021 Q2

Jamye Sagan, IDL SIG Treasurer

How much money do we have?

As of June 28, 2021, we have $991.92 in our account – $491.21 from community funding and $500.71 in our vested funds. 

Since Quarter 1, we have incurred the following expenses: two speaker honoraria for our March 30 and May 20 webinars, two student STC memberships from our Student Outreach Article program, and Summit registration for our SIG Manager. 

In the next few weeks, we plan to renew our Zoom and Survey Monkey subscriptions. We use Zoom to conduct our educational webinars, leadership meetings, and virtual social events. We use Survey Monkey for our demographic surveys and elections. Since we have a subscription, we’ve enabled other STC groups such as the Community Affairs Committee to host their recent tools survey.

Where do we get our funds?

Our primary source of income comes from community funding and vested funds. Community funding are funds we receive from the STC office, based on SIG membership numbers. We receive a certain dollar amount per member. Since these funds do not carry over from year to year, we must use them or forfeit them. 

Vested funds are funds we have earned through the years. These funds can carry over year after year.

We constantly review our budget to see where we can save costs and, most importantly, how we can use our funds to best benefit you – our members. 

We’d like to hear from you!

If you have any questions about SIG finances, please email me at treasurer@stcidlsig.org.

IDL SIG Treasurer Report – 2021 Q1

By Jamye Sagan, IDL SIG Treasurer

How much money do we have?

As of March 15, 2021, we have $2,242.71 in our account – $1,742.00 from community funding and $500.71 in our vested funds. 

So far this year, the only expenses we have incurred are speaker honoraria for the webinars we’ve had so far. In the next few months, we anticipate the following expense: speaker honoraria for upcoming webinars. Since the Summit will be virtual this year, we will not have as many expenses incurred for that event. Normally, we would purchase giveaways and door prizes for our community receptions and in-person meetings.

Where do we get our funds?

Our primary source of income comes from community funding and vested funds. Community funding are funds we receive from the STC office, based on SIG membership numbers. We receive a certain dollar amount per member. Since these funds do not carry over from year to year, we must use them or forfeit them. 

Vested funds are funds we have earned through the years. These funds can carry over year after year.

 

We constantly review our budget to see where we can save costs and, most importantly, how we can use our funds to best benefit you – our members. 

We’d like to hear from you!

If you have any questions about SIG finances, please email me at treasurer@stcidlsig.org.

IDL CoP Treasurerʼs Report – Q4 2020

Jamye Sagan, IDL CoP Treasurer

We end 2020 on a healthy financial note – we were able to fund all of our activities, plus have some extra. As of December 26, we have a total of $656.66 in our account – $419.43 in our vested funds, and $237.23 in community funding. Vested funds can roll over each year, but any remaining community funding will be absorbed back into STC. Unlike chapters, communities of practice do not have standalone accounts. Instead, they have sub-accounts under the STC umbrella. Because we did not meet in person at Summit this year, we did not incur as many expenses such as door prizes and business lunch catering.

From September to December, we incurred the following expenses:

  • Conference swag, especially mailable items
  • Webinar stipends
  • Door prizes for Virtual Open House and Demographic Survey
  • Stipend for CoP logo redesign

As for income, we made a modest amount from our webinar net proceeds – about $15-25. These proceeds come from IDL non-members; members and students attend at no charge.

In conclusion, we are happy to announce that our 2021 budget has been approved! We take great care to ensure that our funds will benefit as many of our members as possible. Thank you for supporting us, whether by attending our webinars, reading/contributing to our newsletter, or perusing our website.

If you have any questions about SIG finances, please email me at treasurer@stcidlsig.org.