IEEE Power & Energy Magazine - May/June 2016 - 8
PES Membership Increases
figure 2. PES membership has shown a steady increase since 2011.
approximately uS$10 million (as in
2015). this change makes the annual
budget process challenging. the previously mentioned reserves support the
operations in the odd, non-t&D years.
the third revenue stream is the
uS$35 membership fee paid by Society members. Student members pay
ieee power & energy magazine
half that amount. this amount has
been constant for many years, and the
revenue is reflected under the committees category. there has been a steady
increase in membership over the last
five years, as shown in Figure 2.
the revenues are just one part of
the financial picture of the PeS budget.
the other aspect is the Society's expenses. these may be grouped into four
major areas, as depicted in Figure 3.
One of the costs is associated with
the production, circulation, and dissemination of the publications and other technical information and papers.
this includes costs from Ieee to perform these functions for PeS. the next
largest expense item is driven by the
work necessary to organize and run all
the conferences and meetings. In t&D
conference years, meeting costs are the
Society's largest single expense.
the other major costs are the support of all of the PeS technical committees, volunteer organizations such
as Chapter support, education, and new
initiatives. Additionally, the administrative staff is also part of the annual
budget. the Society maintains an administrative budget and has an excellent executive director in Patrick ryan
and a hardworking staff of 16. their