2. Frankfurt March 2016, FAWCO Finance Committee, Page 2
FC Observations
• On Plan
To reach a balanced budget during each year
Expense Reductions: Hotel and Conference
• Advertising Income
Initiatives in place to find free venues for twice yearly
face-to-face board meetings
Conference task force recommendations for shorter/less
expensive interim conferences
• Remains very difficult to find and keep manager
as well as to cope with changing web advertising
trends