Report of the Treasurer

摘要

Due to the strategy followed by IIOA Treasury, the financial crisis had no impact on the assets of IIOA in 2009. The Treasury strategy aims at keeping assets liquid, achieving moderate interest, and minimizing risk of asset loss. IIOA does not undertake any form of speculative investments aimed at capital gains, not even if rating agencies issue excellent ratings for such investment products. The assets of the organization rose from around US$173,000 to about US$192,000. These assets finance travel grants for students' participation at the IIOA conferences and awards for scientific work. They also serve as a safety net for unexpected financial obligations arising from risks associated with the organization of IIOA conferences worldwide.