IDL SIG Treasurer Report – 2023 Q1

By Jamye Sagan, IDL SIG Treasurer

How much money do we have?

As of March 29, 2023, we have $1,937.92 pending in our account – $1,645.00 from community funding and $292.92 in our vested funds.


What expenses have we incurred so far?

So far this year, we have not incurred any expenses, only because our budget had not been fully approved yet. Although we had submitted our budget on time last year, the STC Budget Review Committee had asked us to make a few updates. 

For the next few months, we anticipate a few expenses for the upcoming STC Summit in May, including incentive prizes and simple giveaways. We will know more once we find out about community presence at the Summit. 


What is the difference between chapter funds and SIG funds?

Chapters handle their funds directly while the STC office handles SIG funds. Chapters maintain their own bank accounts and can send money directly to their vendors. Chapters also have to file annual taxes. On the other hand, SIGs send reimbursement request forms and related receipts to the STC office, who then handles the financial request by issuing a physical check or processing the payment via bank wire transfer. SIGs do not need to file tax forms since STC handles their funds. Both chapters and SIGs must submit an annual budget later in the year.


Where do we get our funds?

Our income comes from community funding and vested funds. Community funding are funds we receive from the STC office. Funds are based on SIG membership numbers as of August 31, the end of the membership enrollment year. 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, usually from paid webinar registrations from non-SIG and non-STC members. 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