The biography and position statement of the 2016 IEEE Treasurer is below.
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As IEEE Treasurer for 2015, I have led the effort to provide some financial relief for OU's during this year and working with staff and other volunteers to contain corporate infrastructure expenses for 2016 and beyond. I have also begun the process of corporate budget review and evaluations (further details in my position statement).
As a member and now Chair of the IEEE Audit Committee, I led the expansion and definition of the role of Risk Management for the Audit Committee, and the role of Risk Management for the IEEE, and how that activity interfaces with the Board of Directors. I have also worked with IEEE Treasurer, John Barr, to sunset the IEEE Insurance Committee and transition many of its tasks into the operations of the Audit Committee.
I served as Treasurer of the Power Electronics Society (PELS) for seven years as its first and longest-serving society treasurer. I helped mature the financial operation of the society so that it became very successful in generating surplus funds every year while promoting and expending resources generously on new programs for its members. This tradition of PELS being a leader among societies within TAB continues based on the attitudes instilled by its officers from these early years. I am proud to be part of that tradition.
As President of the Power Electronics Society, I helped create the "Sister-Society" cooperation forums among the IAS, PES, PELS, and IES.
Served on the TAB/PSPB Products and Services Committee in 1997-98 and again in 2002-2003 helping to formulate the policies of moving the publication business of IEEE from a predominantly print format to electronic format (XPlore).
I led the creation of the IEEE Energy Conversion Congress and Exposition (ECCE) annual technical conference (inaugural meeting in 2009) working with both the Industry Applications and Power Electronics Societies. This established a new jointly sponsored conference in power electronics and electric machines that replaced two previous conferences, each sponsored separately and independently by the societies.
I created and manged a new IEEE workshop on Power Electronics and Electric Machines in Wind Applications (PEMWA) in 2009. This workshop has been viewed as important to the technical mission of the Power Electronics Society and has now been continued into its second offering during 2012. It is expected that this workshop will continue as a technical venue sponsored by the PELS.
I have served as IEEE Treasurer for 2015 (6 months to date). During this time I have led the efforts to contain infrastructure expenses and appropriate funding for large projects during the 2016 budget development. Through this position, I have also chaired the Finance Committee and successfully worked with the finance staff and OU Treasurers across the Institute.
I have previously served as a Society Treasurer for seven years. I helped mature the financial operation of the Society so that it became very successful in generating surplus funds every year while promoting and expending resources generously on new programs for its members. I have served on the TAB/PSPB Products and Services Committee in the late ninety's and again in 2002-2003, helping to formulate the policies of moving the publication business of IEEE from a predominantly print format to electronic format (Xplore). I have also had many financial roles for large and small conferences, and as such have a good understanding of the conference business and the associated finances and reporting required. All these experiences have educated me in the details of two of the important revenue streams for the Institute: conferences and IP generation transferred into products supported by Xplore. I believe that I am handicapped by not having served as the Treasurer of one of the OUs such as Products and Services, TAB, or MGA. This means that I have not attended Finance Committee Meetings prior to this year. However, John Barr, the current IEEE Treasurer, has invited me to attend the Finance Committee meetings for the rest of the year in my role as the current Audit Committee Chair. I expect to quickly learn the FinCom procedures and gain knowledge of current fiscal issues that I may not have access to through the Audit Committee activities.
As IEEE Treasurer for 2015, I have led the effort to provide some financial relief for OU's during this year and worked with staff and other volunteers to contain corporate infrastructure expenses for 2016 and beyond. I have also begun the process of corporate budget review and evaluations to move toward a basis of performance budgeting in the future.
Performance budgeting comprises three elements:
Measures of success should be a mix of monetary and non-monetary metrics and goals in future years and a path to get there. Our corporate activities and associated expense budgets to support them, should answer questions such as:
Within this kind of a planning and budgeting setup, the lack of reliable financial information on the effects of policy implementation emerges as a serious issue. Therefore, it is important to approach the planning and budgeting cycle in a holistic and integrated way, with collaboration across the areas of operation, creation and adherence to performance measures definition, and with policy/process evaluation.
These types of budgets use statements of missions, goals and objectives to explain why the money is being spent. It is a way to allocate resources to achieve specific objectives based on program goals and measured results. In this method, the entire planning and budgeting framework is result oriented. There are objectives and activities to achieve these objectives and these form the foundation of the overall evaluation for budget justification.
I have shared this philosophy with the Finance Committee and gained support and alignment with the CFO.