I had a meeting with Kitty Mummert, Treasurer and Bob Franz, Treasurer Elect, on November 10, 2007, to start the transition of power on January 1, 2008.

In reviewing the books, the Club is solvent and quite healthy financially at this point.
However, several figures stand out in the report.

1. For our fiscal year of 10/01/06 to 9/30/07, expenditures outpaced income. The deficit was caused almost solely by the increase of producing and mailing costs of the "Script."
2. In 2008, Kathy Holton, our Editor of the "Script," says that the printer has stated that his costs have risen, and we will have to expect a nominal increase from him.
3. In 2008, we will once again be printing the biyearly membership Directory. Estimated cost to our budget is expected to be the equivalent of an extra other "Script."
4. We last raised dues in 2001.

At this point, with the above considerations, we felt impelled that we are forced to raise the yearly dues of $30.00 for US and Canada, and $40.00 for other Countries, starting January 1, 2008. Hopefully, we would be able to keep this modest increase for, at least, another seven years.

A vote was asked to the eleven Council members, by me, and the voting results were in favor of reluctantly, the increasing of the dues. (Yes, 7, No 0, no response 4.)

Malcolm E. Green
International Thunderbird Club
Vice President
International Convention Coordinator