Honorary Treasurer's Report

The EFSUMB economy is in good health and has reached stable financial ground. The former Honorary Treasurer, Niels Juul, has left last year a very good financial result, with an evident surplus and the Society has now adequate reserves to provide support to different educational and training activities in the interests of the members of the national societies. The surplus is 15,966 Pounds (22,352 Euros). The main income is from subscription fees of more than 19000 members belonging to European countries. For this reason I invite all the executive bodies of National Societies to stimulate their societies to increase the number of active members, so that we can pass the 20,000 member mark in 2007.

This economic surplus will help us in future to support the activities of the Education and Publications Committees activities.

The expenditure in 2005 is related to EFSUMB office expenses in London, where the General Secretary is efficiently doing a very hard job. The other main costs are the subscription to WFUMB, publishing the EFSUMB Newsletter, the expenses for the meetings of the Executive Bureau and different Committees, although we are trying to contain the costs as much as possible.

The Budget for the year 2007 is reported in Euro because this currency is used in the majority of European countries. We hope to have an increased membership fee income. Some other income will come from Euroson schools and Euroson congresses, but these will be only minor income because the organizing costs are increasing.

One of the main goals of the Society in the next few years is to prepare revised Guidelines on Contrast media in Ultrasound and this activity needs funds coming from EFSUMB and some industry sponsorship. There has been a first meeting in Bologna in September 2006, and the next one in Rotterdam in January 2007, and we have a provisional cost of 9,000.00 Euro in 2007.

As you can see the 2007 budget makes no provision for a surplus, but we must be aware that EFSUMB is now a big organization and the costs of the many activities are growing. The Federation has maintained a low membership fee, increasing or sponsoring many new activities in different countries, but this has been possible thanks to the increase number of members in the last years.

EFSUMB Budget for the Year 2007 (in €)

Trading and profit an loss account in £Sterling Year ended 31 Decemer 2005

Dr Pietro Pavlica

FSUMB Honorary Treasurer