Treasurer's Report for Calendar Year 1999

Jimmy Upton resigned as treasurer at the end of the calendar year in order to
take a break and spend more time with his family.  He leaves the IACR
financially sound.

Eurocrypt 99 had a total income of $222,000.  Of that amount, a total of
$48,000 was returned to the IACR ($28,000 in IACR dues, a $10,000 allocation
for the Secretariat and $10,000 in IACR advances).  The remainder of the funds
covered the expenses of the conference.

Crypto 99 had a total income of $244,000 (not including income for on-campus
lodging).  Of that amount, a total of $84,000 was returned to the IACR
($30,000 in IACR dues, a $10,000 allocation for the Secretariat, $10,000 in
IACR advances, and a surplus of $34,000).  The remainder of the funds covered
the expenses of the conference.

In addition, Eurocrypt '97 returned about $9,200 in additional funds to the
IACR in September.

As of December 31, 1999, the IACR had $200,000 held in certificates of
deposit, approximately $115,000 held in the main IACR and Crypto checking
accounts, and $55,000 held by UCSB.  The funds held by UCSB were transferred
to the Crypto account in January.  Of these amounts about $110,000 is already
designated for specific expenditures in 2000 (such as the Journal), leaving
about $260,000 as the true surplus.

Susan Langford
IACR Treasurer
May 31, 2000