I would like to thank the membership for re-electing me to a third term as treasurer. I am pleased to report that ASHI remains financially sound. According to our audited financial statements performed by Ahlbeck & Company, ASHI had an operating surplus of $193,780 for the fiscal year 2006-2007. This was in large part due to cost-cutting measures by the Board of Directors and staff savings due to the departure of our executive director. Our current fiscal year runs from Oct. 1, 2007, to Sept. 30, 2008.
For this next year, we are investing dollars in areas designed to bring benefit to our members. A newly designed Web site is in production, which will have areas specifically organized for inspectors and easy accessibility of educational and inspector-related resources. We also had Plexus Consulting Group perform a comprehensive survey of both ASHI members and non-members. The board is currently planning changes to become more responsive to the needs of our membership and the profession.
ASHI remains committed to being the voice of the home inspection industry. Our core values have not changed in that we embody the highest standards and ethics of the industry. We believe that when consumers seek out a qualified inspector, they should choose an ASHI Inspector. We continue to allocate our resources to media outreach through Manning Selvage and Lee, our public relations firm, to get the word out to the public. No other home inspection organization can match the media penetration that ASHI has achieved.
Most inspectors are aware that the real estate market is not what it was a couple of years ago. ASHI is being affected by changing macro issues as well. Membership renewals are down for the year, as many inspectors are feeling the economic crunch. If you know fellow inspectors who have not renewed, please encourage them not to let their valuable ASHI membership lapse. As we work to replace our executive director and invest in ASHI's future, it appears that the 2007-2008 fiscal year will be particularly challenging.
I have been proud to serve as your treasurer for 2006-2007, and I am thankful that you have re-elected me to serve for 2007-2008. I feel that I have more work to do in this capacity, and
I hope to continue to earn your trust. It has truly been a rewarding experience.