Having begun my term as the treasurer of IASO at the Paris ICO, it is perhaps a good time to review our current financial state and our future needs to support the activities of the Association. At the end of 1998, the financial assets of IASO totalled $209,708, representing $131,100 held in accounts earmarked for the support of the IASO awards and the remainder is money available for the support of all other activities of IASO.  A summary of the unaudited accounts is given below. These do not include IOTF income or expenditure.

IASO Council has determined to maintain $150,000 in reserve accounts to provide interest to support future IASO awards and this can now be achieved.  The journal (IJO) provides the major income component during years in which there is no ICO and membership income (over 3000 members) provides the second largest component. 
The expansion of IASO activities and the development of an IASO office will require substantial future funding. While we anticipate that the Paris ICO will make a substantial contribution to IASO this year when their accounts are finalized, other avenues of income will be required to sustain our activities until the next Congress in Brazil. We hope to provide news on this in future newsletters.

A few countries are still in arrears on dues but most have responded positively to my reminders. The Council decided to link future Dues Income to the distribution lists for the IASO Newsletter ie. one newsletter per paid member,  so associations will be asked for a members mailing list with this year's Dues. This will also allow us to begin to use electronic communications with IASO members for distribution of newsletters and other information. 

Other initiatives agreed at the recent IASO Council  were
1. to incorporate IOTF accounts into IASO, as it  is a subcommittee of IASO
2. to develop guidelines on travel reimbursement for IASO officers and vice-presidents 
3. to develop policies on the organization and financial relationships of Satellite meetings to International Congresses
I hope to be able to report the outcome of these discussions in the near future. 

David York