From the Treasurer — IDL SIG Q3 2020

COMING SOON: 2020 IDL SIG Member Demographic Survey

Sometime in late September or early October, we will release our IDL SIG member demographic survey. This survey, which we conduct every two years, enables us to capture the pulse of our membership. Results from this survey help guide us in developing programs and services that would best benefit our members. Plus, as a token of our appreciation for taking the time to complete the survey, we will once again offer the opportunity for you to be entered into a raffle drawing. Your survey results will still remain anonymous, even if you enter the drawing.

Meanwhile, if you’d like to review results from past surveys, please visit http://www.stcidlsig.org/discussion-lists/surveys/. Doing so will also give you an idea of the types of questions we ask.

COMING SOON: Virtual Open House

We will host our eighth annual Virtual Open House on Thursday September 24 at 7pm ET.

This event enables current (and future) IDL SIG members to learn more about our community and the services we offer. Plus, attendees get to meet members of the SIG leadership team and chat with fellow members. Even if you cannot attend live, you can still join the party once we release the recording.

We will announce Virtual Open House registration details as they become available.

IDL SIG Treasurer Report – 2020 Q3

As of August 31, 2020, we have $1,193.62 in our account— $789.19 from community funding and $404.43 in our vested funds.

Since we did not meet in person for the 2020 STC Summit in Bellevue, WA, we did not spend any budgeted funds, including Community Reception giveaways and catered lunch for our annual in-person business meeting. Since Summit, we have incurred the following expenses:

  • One STC Student membership for our student article writing competition
  • Survey Monkey subscription renewal.
    • We use Survey Monkey for our demographic survey, educational webinar evaluations, and elections.
  • Zoom professional subscription
    • In the past, we had used Go To Meeting to host our educational webinars and monthly manager meetings. We decided to switch to Zoom this year to save costs; as a result, we saved about $190 per year.

For the rest of the year, our primary expense will be speaker honoraria once we resume our educational webinars. Since we will have extra funds as a result of not attending Summit in person, we are currently discussing how to spend our remaining community funding most efficiently, since those funds will expire at the end of the calendar year.

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. Over the years, we had earned a significant amount of our income from SIG-sponsored educational webinars. Since we don’t generate as much vested funds now as we had in the past, the amount of vested funds continues to dwindle. Therefore, we depend more and more on community funding for our expenses.

In any case, 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@nullstcidlsig.org.

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