5 December 2009 - Edinburgh - UK – Report of the Honorary Treasurer to the Board of Directors' Meeting

Ioan Sporea, EFSUMB Honorary Treasurer

In my position of Honorary Treasurer, I would like to inform you on the finalized financial balance of 2008 (which ended on the 31th of December 2008), that proved to be positive, as well as in the last few years. We are happy to have a positive balance during the current difficult worldwide economical situation. A part of this positive balance is due to the fact that the Euro's value increased as compared to the English Pound. On the other hand, the profit from EUROSON 2008 from Timisoara was larger than expected.

Concerning the balance of 2009, the final report will be finalized in the near future and will be published in the Newsletter (the accounting year ends on the 31st of December 2009). But the preliminary data shows that we are in budget.

Considering the structure of the past recent budgets and the budget of 2009, we can see that the most important financial support originates in the membership fees, and I believe that it is very important to try to maintain, even to increase the number of EFSUMB members. In 2009, the EUROSON membership fee of 8 Euros was paid by more than 19,000 members (more than last year). Future policies of EFSUMB must have as a main purpose to keep or maybe to increase the number of members (maybe by reaching 20,000 in the next future).

As a conclusion of the financial balance of the last years, I must inform you that EFSUMB has a healthy financial status.

Regarding the budget of 2010, we will try to build one in which the income will be at the same level with the costs, to keep EFSUMB running.

More precise information about the accounted budget and on the budget of 2010 can be found on the EFSUMB website, www.efsumb.org.

Prof Ioan Sporea
EFSUMB Honorary Treasurer