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Treasurer's Report

Josemir W. Sander

The League ended 2001-2002 in a strong financial position despite a decline in the investment portfolio. The earned investment income was not enough to offset the unrealized losses. Miscellaneous income has, however, offset the loss in investment income.

The following charts highlight the major revenue and expense categories for the past year. The League's primary source of revenue is still the royalties from Epilepsia at 41% followed by Congresses at 25%.

On the expense side, the cost for the International Director of Meetings (IDM) is 25% of the budget followed by General Administration, the Commissions and Epilepsia , all at 13%.

The total expenditures for the League's major programs, the Global Campaign, the Website and Epigraph , are 14% of expenses.

The overall financial position of the League is sound. It is not anticipated that there will be any major disruptions to the financial stability.

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