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CUG is in good financial health
Audit successfully completed in July '98 . . .
 Barbara Horner-Miller, CUG treasurer |
While treasurer, Gary negotiated with Fine Point Editorial Services (better known to CUG as Bob and Karen Winget) to assume the duties of the CUG Office. Under this arrangement, FPES greatly assists the treasurer with many activities such as billing and processing for memberships. FPES support has been invaluable to me. FPES also works with the conference Local Arrangement Committee to produce conference documents -- both preconference materials and conference proceedings. They have saved CUG money by proposing numerous suggestions to streamline operations. The two most recent CUG conferences, San Jose and Stuttgart, were successful not only in terms of the technical program but also monetarily. (The September 1997 CUG Origin Workshop held in Minneapolis, while successful from a technical standpoint, did not break even.) Although the final accounting is not complete for the Stuttgart conference, CUG's assets at the end of July totaled $266,283. These assets are in cash and certificates of deposit. With these assets, CUG could completely cover a conference canceled at the last minute due to unforeseen circumstances and would still be able to make the financial advances required to begin the process for the next conference. Kohler, Schmitt, and Hutchison of Fairbanks, Alaska successfully completed the most recent CUG audit (for the year ending September 1997). They also prepared an IRS application to change CUG's status from a for-profit Corporation to a not-for-profit corporation. I will inform the membership on the disposition of this application once the IRS ruling is known. |
