By Jamye Sagan, IDL SIG Treasurer
We ended 2022 on a steady financial note, having been able to fund all of our activities, plus a little extra for next year. As of December 20, we have a total of $450.28 in our account; all from 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 met in person at Summit for the first time in three years, we incurred additional expenses (including Summit swag and postage for transporting our banners).
From September to December, we incurred expenses with webinar stipends.
As for income, this year we made about $162.75 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 25, we are still awaiting approval of our 2023 budget. The Budget Review Committee is still reviewing all STC community budgets; we expect ours to be approved soon. 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 email@example.com.