The Executive Board of the Society met June 29, 1999. Ray Mejia, chair, and Torcom Chorbajian, Treasurer, presented the Financial Report for Fiscal Year 1999 and the Budget for Fiscal Year 2000. These were also discussed at the Member's Meeting on June 30, 1999.
SMB finances are in good standing with revenues exceeding expenses by 36% during FY99. Investment income and donations by members have permitted support of activities that include student participation at meetings, an initiative on world outreach, and the Okubo Price.
The Budget for FY2K projects a 23% excess of revenues over expenses, includes a continued freeze on member dues, and allows for reciprocity agreements with other societies of mathematical/theoretical biology.
A final word: my term on the Finance Committee ended in July. It has been a pleasure. Please be ready to serve the SMB when you are asked. Better yet, where you see a need, volunteer!
(Finance Committee Members: Torcom Chorbajian (Treasurer), Raymond Mejia, John Tyson, Glenn Webb)