Where your money goes

PERHAPS EVERY member of the Institute wonders occasionally about how the Institute´s money — or rather, his money — is spent. A study of the financial statements in the Annual Reports of the Board of Directors, published each year in the August issue of Electrical Engineering, gives a detailed picture of the various items of income and expenses. Few members, however, have the time and inclination to analyze these reports carefully. The Finance Committee therefore has undertaken to analyze the report for the fiscal year which ended April 30, 1950, and to reduce it to a form easily digested. The result appears in Table I on page 1050.