Treasurer's Report for Calendar Year 1998

The IACR is financially healthy with slowly growing cash reserves that are consistent with our growing membership and conference attendance. Both Crypto 98 and Eurocrypt 98 returned a small surplus.

Eurocrypt 98 had a total income of $205,000. Of that amount, a total of $53,000 was returned to the IACR ($29,000 in IACR dues, a $10,000 allocation for the Secretariat and a surplus of $14,000). The remainder of the funds covered the expenses of the conference.

Crypto 98 had a total income of $226,000 (not including income for on-campus lodging). Of that amount a total of $62,000 was returned to the IACR ($28,000 in IACR dues, a $10,000 allocation for the Secretariat and a surplus of $24,000). The remainder of the funds covered the expenses of the conference.

In 1998 the IACR had 1049 members (918 regular, 131 student) and the membership fee was $72 ($36 student). (For 1999 the membership fees are $80 regular, $40 student). Of the $72 membership fee, $49 (68%) is for the cost of the Journal of Cryptography; $10 (14%) is allocated for the Secretariat; and the remainder is used for miscellaneous expenses such as mailings and the web page.

As of December 31 1998, the IACR had $150,000 held in certificates of deposit and approximately $170,000 held in the main IACR and Crypto checking accounts. Of those amounts about $100,000 is already designated for specific expenditures in 1999 (such as the Journal), leaving about $220,000 as the true surplus.

Jimmy Upton
IACR Treasurer
June 1, 1999