HERE. - English Teachers Association of Switzerland

Treasurer’s Report2012 − 2013ETAS finished Fiscal Year 2012 − 2013 with an accounting loss of CHF 5,473.00 compared toa very minor profit of CHF 105.00 the previous year. Revenues from memberships, advertising,and other sales were down CHF 13,000.00, or 10%. Income of some CHF 18,000.00 producedby the AGM and Convention and SIG Day events compensated for the loss in non-eventsrevenue. The ETAS 2012 − 2013 P/L without the AGM and Convention and SIG Day eventsincome was a minus CHF 24,000.00.The 2013 − 2014 budget is forecasting a CHF 22,000.00 loss as the changes in venues forthe Annual Conference and AGM (formerly AGM and Convention) and PD Day (formerly SIG Day),along with a new organizational structure for these two events, may mean less income thanin previous years. The Committee is addressing solutions for increasing revenues anddecreasing costs in order to rectify the current imbalance over the longer term. It is to benoted that ETAS has sufficient cash reserves of CHF 177,000.00 as of 30 June 2013 topermit an orderly restructuring.Raymond RogersETAS TreasurerThun • page 12 • ETAS 30th Annual Conference and AGM