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of the International SQL-Ledger Network Association, based in Stäfa, Switzerland.
The chairman welcomes all the active members and requests them to enter their votes directly at the bottom of this report.
The chairman acknowledges that all active members have been invited, within the period stipulated in the articles of association, to participate at this years General Assembly. The invitation was sent out by email on the 16th of June 2018.
During the year;
The total income in 2016 was CHF 6'957.60 and the total expenses were CHF 3'119.19. On the 31st of December 2017 the International SQL-Ledger Network Association held a total of CHF 17'740.85 at the Postbank in Bern and had liabilities amounting to CHF 7'294.24.
The existing funds were used according to budget and the Association was able to meet all its financial obligations.
The Annual Report and Financial Statements as of December 31st 2017 can be downloaded here.
The board was granted relief unanimously and without abstention.
The membership fee for natural persons shall be 50 CHF per year whereas the membership fee for corporate bodies shall be 500 CHF per year.
The Assembly declares that the annual budget should be based on the income of the Association and primarily be used for the further development of the SQL-Ledger project and for the execution of the its yearly Network Conference.
No requests regarding other issues have been received from the members.