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 email@example.com.