Honorary Treasurer's Report

In my position as new Honorary Treasurer, I like to inform you on the financial balance of 2006 (year ended on the 31 December 2006), which was accounted and shows a positive balance as in the last few years. We are happy to have this positive balance because the organization needs supplementary founds for the relocation of the EFSUMB office in the central London and also for educational projects.

Concerning the balance of 2007, the final report shall be done in the future and published in another Newsletter, because the accounting year ended on the 31st December 2007, before publishing this material. But the preliminary data show again a positive balance.

Looking to the structure of the recent past budgets and also to the budget of 2008, we can see that the most important financial support arrived from membership, and I believe that is very important to try to keep or to improve the number of the members of EFSUMB.

Like a conclusion of the financial balance of the last years we must know that EFSUMB has a healthy financial status.

More precise information about the accounts, 2008 budget can be found on the EFSUMB web-site, www.efsumb.org.