Table 1: System Dynamics Society

Profit and Loss Statement

January to December, 1997

Income
INC 1996 Cambridge Conference	$35,883
Dividend & Interest Income	$10,304
Donations	$568
G Brown Inv Inc	$17,179
G Brown Mny Mkt Inc	$350
Membership Dues	$14,515
Other Income	$468
Prepaid Postage	$3,702
Products	$41,091
Publications Sales	$4,067
Sponsor Dues	$4,000
Total Income		$132,127

Gross Profit		$132,127

Expense
Credit card percentage	$28
Office Equipment	$2,411
Accrued Interest Paid	$58
Awards	$2,057
Bank Fees	$265
Cost of Goods	$16,877
Email Services	$145
G Brown Loss on Redemption	$2,440
MA Filing Fee	$35
Membership Directory Exp	$5,071
Miscellaneous Expense	$553
Officer Expenses	$26
Printing & Duplicating	$1,171
Professional Fees	$3,721
EXP Quebec Conference	$1,941
Shipping /Postage Expense	$1,888
Supplies	$992
Telephone	$79
Travel	$3,386

Total Expense		$43,144

Net Income		$88,983

Table 2: System Dynamics Society

Comparative Balance Sheet Dec 31, 1996 to Dec 31, 1997

	Dec 31, '97	Dec 31, '96	$ Change	% Change
ASSETS
Current Assets
Checking/Savings
Checking	$76,744	$11,379	$65,364	574.40%
Cash Reserves	$48,101	$41,792	$6,309	15.10%
PaineWebber Money Mkt	$99	$6	$94	1708.20%
PaineWebber Investment Account	$74,618	$74,727	($109)	-0.20%
FDIT - Gordon Brown	$483	$89,882	($89,399)	-99.50%
Gordon Brown Money Mkt	$49	$24	$24	101.10%
Gordon Brown Investments	$0	$195,744	($195,744)	-100.00%
Total Checking/Savings	$200,094	$413,555	($213,460)	-51.60%
Total Current Assets	$200,094	$413,555	($213,460)	-51.60%

TOTAL ASSETS	$200,094	$413,555	($213,460)	-51.60%

LIABILITIES & EQUITY

Liabilities
Current Liabilities
Other Current Liabilities
Jrnl Subscrptn Payable to Wiley	($280)	$0	($280)	-100.00%
MA Sales Tax	$0	$38	($38)	-100.00%
NYS SALES TAX	$8	$0	$8	100.00%
Total Other Current Liabilities	($272)	$38	($310)	-818.60%
Total Current Liabilities	($272)	$38	($310)	-818.60%
Total Liabilities	($272)	$38	($310)	-818.60%

Equity
Opening Bal Equity	$413,725	$413,555	$170	0.00%
Retained Earnings	($302,342)	$0	($302,342)	-100.00%
Net Income	$88,983	($38)	$89,021	235193.90%
Total Equity	$200,366	$413,517	($213,151)	-51.60%

TOTAL LIABILITIES & EQUITY	$200,094	$413,555	($213,460)	-51.60%

Table 3: System Dynamics Society

Actual and Adjusted Income and Expenditures

1996-1997

	1996 Actual		1996 Adjusted		1997 Actual		1997 Adjusted
Support & Revenue Society Funds
Membership Dues	470		470		0		0
Annual Conference Income	0		35883		35883		21245
Sponsors	5000		5000		4000		4000
Wiley Membership & Royaly	7993		7993		14515		14515
Sales of Old Publications	7530		7530		4067		4067
Sales of Bibliographies	1131		1131		0		0
Sales of Management Games	31072		31072		41091		41091
Postage Recovery	1455		1455		3702		3702
Investment Income	9251		9251		10304		10304
Contributions--Unrestricted	858		858		568		568
Other Income					468		468
Total Support & Revenue		64761		100643		114598		99961
Administration @ SUNY
Executive Director's Salary and Fringe	21320		0				29609
Other Salary and Fringe	2153		0				5522
Office Expenses	4967		0				4508
Support for Conferences	0		0				0
Indirect Costs	2347		0				2347
Total Admin. @ SUNY		30786		0		0		41985
Other Society Expenses
Credit Card Expenses					28		28
Printing and Duplication	75		75		1171		1171
Mailing and office Supplies	523		523		992		992
Postage	2248		2248		0		0
Phone, Fax & Email	518		518		223		223

Item

1996 Actual

1996 Adjusted

1997 Actual

1997 Adjusted

Audit and Legal Fees	1886		1886		3721		3721
Bank Fees	55		55		265		265
State Filing Fees	65		65		35		35
Miscellaneous Admin Expenses	309		309		553		553
Journal Expense	12000		12000		0		12000
Membership Directory Expense	550		550		5071		5071
Old Proceedings Expense	335		335		0		0
Management Game Expense	13033		13033		16877		16877
Shipping Expense	197		197		1888		1888
Prizes	2064		2064		2057		2057
Travel					3386		3386
Conference Expenses					0		0
Office Equipment					2411		2411
Officer Activities Expense	732		732		26		26
Electronic Presence Expenses	0		0
Refunds	3014		3014		0		0
Total Other Society Expenses		37604		37604		38677		50677

Net Income		-3630		63039		75921		7299

Table 4: System Dynamics Society

1998 Budget Compared to 1997 Adjusted Expenditures

	1997 Adjusted		1998 Budget		Percent Change
Support & Revenue Soceity Funds
Membership Dues	0		$0
Annual Conference Income	21245		$32,000		51%
Sponsors	4000		$9,000		125%
Wiley Membership & Royaly	14515		$14,515		0%
Sales of Old Publications	4067		$4,067		0%
Sales of Bibliographies	0		$0
Sales of Management Games	41091		$41,091		0%
Postage Recovery	3702		$3,702		0%
Investment Income	10304		$10,304		0%
Contributions--Unrestricted	568		$568		0%
Other Income	468		$468		0%
Total Support & Revenue		99961		$115,716	16%
Administration @ SUNY			$0
Executive Director's Salary and Fringe	29609		$34,065		15%
Other Salary and Fringe	5522		$8,370		52%
Office Expenses	4508		$5,037		12%
Support for Conferences	0		$8,000		NA
Indirect Costs	2347		$5,044		115%
Total Admin. @ SUNY		41985	$0	$60,516	44%
Other Society Expenses			$0
Credit Card Expenses	28		$28		0%
Printing and Duplication	1171		$1,171		0%
Mailing and office Supplies	992		$992		0%
Postage	0		$0
Phone, Fax & Email	223		$223		0%
Audit and Legal Fees	3721		$3,721		0%
Bank Fees	265		$265		0%
State Filing Fees	35		$35		0%
Miscellaneous Admin Expenses	553		$553		0%
Journal Expense	12000		$12,000		0%
Membership Directory Expense	5071		$5,071		0%
Old Proceedings Expense	0		$0
Management Game Expense	16877		$16,877		0%
Shipping Expense	1888		$1,888		0%
Prizes	2057		$2,057		0%
Travel	3386		$3,386		0%
Conference Expenses	0		$0
Office Equipment	2411		$2,411		0%
Officer Activities Expense	26		$26		0%
	0		$2,000
Electronic Presence Expenses	0		$5,000		NA
Refunds	0		$0		NA
Total Other Society Expenses		50677		$57,677	14%

Net Income		$7,299		($2,477)	-134%

Table 5: System Dynamics Society

1998 Budget Broken Down by Cost Centers

	1998 Budget		Core Ops		Conference		Games & Pubs
Support & Revenue Soceity Funds
Membership Dues	$0		$0
Annual Conference Income	$32,000				$32,000
Sponsors	$9,000		$9,000
Wiley Membership & Royaly	$14,515		$14,515
Sales of Old Publications	$4,067						$4,067
Sales of Bibliographies	$0						$0
Sales of Management Games	$41,091						$41,091
Postage Recovery	$3,702						$3,702
Investment Income	$10,304		$10,304
Contributions--Unrestricted	$568		$568
Other Income	$468		$468
Total Support & Revenue	$0	$115,716		$34,855		$32,000		$48,860
Administration @ SUNY	$0
Executive Director's Salary and Fringe	$34,065		$6,813		$15,897		$11,355
Other Salary and Fringe	$8,370		$1,674		$3,906		$2,790
Office Expenses	$5,037		$2,519				$2,519
Support for Conferences	$8,000				$8,000
Indirect Costs	$5,044		$1,681		$1,681		$1,681
Total Admin. @ SUNY	$0	$60,516		$12,687		$29,484		$18,345
Other Society Expenses	$0
Credit Card Expenses	$28						$28
Printing and Duplication	$1,171		$1,171
Mailing and office Supplies	$992		$496				$496
Postage	$0		$0
Phone, Fax & Email	$223		$223
Audit and Legal Fees	$3,721		$3,721
Bank Fees	$265		$265
State Filing Fees	$35		$35
Miscellaneous Admin Expenses	$553		$553
Journal Expense	$12,000		$12,000
Membership Directory Expense	$5,071		$5,071
Old Proceedings Expense	$0
Management Game Expense	$16,877						$16,877
Shipping Expense	$1,888						$1,888
Prizes	$2,057		$2,057
Travel	$3,386		$3,386
Conference Expenses	$0				$0
Office Equipment	$2,411		$2,411
Officer Activities Expense	$26		$26
	$2,000		$2,000
Electronic Presence Expenses	$5,000		$5,000
Refunds	$0						$0
Total Other Society Expenses		$57,677		$38,416		$0		$19,261

Net Income		($2,477)		($16,247)		$2,516		$11,254