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A Message Sent from the Finance Committee
The Society of Toxicology remains on a firm financial foundation despite tremendous economic challenges during the past fiscal year from the end of the second quarter of 2008 to the end of the second quarter of 2009. SOT reserve accounts declined an average of 12%. On the bright side, our operating (check book) account finished the 2008–2009 fiscal year with a positive balance. This is largely due to the great success of the 2009 Annual Meeting in Baltimore and reflects the commitment of SOT membership to our discipline. Recognition also must be given to the wise planning of previous SOT Presidents, Treasurers, and other Council members. Without their good decisions, our financial position might be far less strong than what we currently enjoy.
The SOT has committed to not increasing annual dues or Annual Meeting registration fees for the next year. For the 2010 Annual Meeting, Council has determined that a modest $10 increase in the abstract processing fee is necessary to help maintain our positive financial balance. This is the first increase in abstract fees since 2003.
Many of you serving on SOT Committees or Task Forces deserve our thanks for working with the budget reductions. As an example, the conversion to WebEx conferences versus face-to-face meetings is an experiment in cost savings in which many of these groups, as well as officers in Regional Chapters, Special Interest Groups, and Specialty Sections, now are participating. Visit the SOT Web site to view the recordings of the recent Leadership Connection Meetings.
Thanks to everyone for your assistance and for doing your part to maintain the vitality of SOT.
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