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Financial Report for the Year Ended 31 December 1968

The Officers and Councilors have decided to change the fiscal year of our Society to coincide with the calendar year. Previously, it has covered the period from 1 October to 31 September. Since our income and expenses are primarily on a calendar-year basis, this change will enable the Society to determine better its cash position and to budget more accurately. Accordingly, the auditor has prepared the following Financial Report for 1968. This report represents the subtraction of three 1967 months (October, November, December) from our last fiscal-year report, published in the March 1969 issue of the Journal, and the addition of the corresponding months of 1968. The next financial report (1969) will represent the first complete year with our new publishing contract and increased dues, and should enable us to obtain a realistic view of our Society's financial position.