B. Anaesthesia Tutorial <strong>of</strong> the WeekWith increasing accessibility to email and the Internet, the concept <strong>of</strong> an anesthesia tutorial <strong>of</strong> the week (ATOTW)was developed in <strong>2006</strong>. It takes the form <strong>of</strong> an electronic tutorial, which is emailed out, free <strong>of</strong> charge around the<strong>world</strong>. Peer reviewed tutorials are provided free <strong>of</strong> charge and each one appears on www.<strong>world</strong>anaesthesia.organd www.anaesthesiauk.com. The archive contains many useful topics and is slowly building into an excellenton-line resource useful for both teachers and students.C. Book and Journal ExchangeFor some years the WFSA has encouraged exchange <strong>of</strong> books and journals between those with and thosewithout. This is coordinated by Carol Wilson (<strong>world</strong>anaesthesia@mac.com) who matches <strong>of</strong>fers <strong>of</strong> donations <strong>of</strong>books and journals with a database <strong>of</strong> recipients, which may be individuals or department libraries. A fewpractical points need taken into account for those considering the scheme. Books and journals should be inreasonable condition and not out <strong>of</strong> date (journals 3 years and books 5 years). Non-specialist books are best,although those dealing with pediatric or obstetric topics are very popular. The cost <strong>of</strong> posting these items is notinexpensive, and it is amazing how many <strong>of</strong>fers dry up at that point! The Committee is regularly <strong>of</strong>fered entirelibraries <strong>of</strong> old journals reflecting a career-long collection – these are rarely practical or cost effective to transport.Although occasional parcels go missing, despite all the drawbacks the pleasure that a package <strong>of</strong> books orjournals brings to an isolated colleague working without is enormous. The WFSA is grateful to all those whocontinue to support the scheme. Particular thanks are due to the Association <strong>of</strong> Anesthetists <strong>of</strong> Great Britain andIreland who have distributed more than 3000 anesthesia handbooks to colleagues in Africa.Global Oximetry Project (GO):The Global Oximetry Project (GO) arose from a resolution <strong>of</strong> the Safety and Quality <strong>of</strong> Practice Committee <strong>of</strong>WFSA at the 2004 World Congress Anaesthesiologists. It is collaboration between the World Federation <strong>of</strong>Societies <strong>of</strong> Anaesthesiologists, the Association <strong>of</strong> Anesthetists <strong>of</strong> Great Britain and Ireland, and GE Healthcare(the Founder Organizations).The spirit <strong>of</strong> this partnership is informal, with a focus improving patient safety by facilitating the provision andeffective use <strong>of</strong> pulse oximetry during anesthesia throughout the <strong>world</strong>, in particular in low and middle-incomeregions where the technology is <strong>of</strong>ten not available. The development <strong>of</strong> low cost, robust technology is a crucialpart <strong>of</strong> this initiative.In 2007, 4 Phase I sub-projects will take place, one each in India, the Philippines, Uganda and Vietnam,introducing pulse oximetry into clinical areas <strong>of</strong> several hospitals.John R. Moyers M.D.Honorary Secretary8
TREASURER’S REPORTfrom Richard G Walsh – 29 July 2007<strong>2006</strong> was a successful financial year in terms <strong>of</strong> overall income and expenses <strong>of</strong> the WFSA, and budgetedexpectations. This is very comforting as the middle year between World Congresses <strong>of</strong>ten results in a financialdownturn, particularly as it is marked by the additional expenses <strong>of</strong> holding a major meeting <strong>of</strong> the ExecutiveCommittee. This <strong>report</strong> includes an overall summary <strong>of</strong> WFSA finances as presented in the audited financialstatements <strong>of</strong> <strong>2006</strong>, some specific points and comments on individual items <strong>of</strong> income and expense, and asummary <strong>of</strong> the WFSA investment portfolio.1. Audited Financial Statements <strong>2006</strong>Statements for the years 2004, 2005 and <strong>2006</strong> will shortly to be posted on the WFSA website and all readers <strong>of</strong>this Newsletter are encouraged to view these financial statements. The statements are in accordance with strictauditing guidelines for acceptance in the USA, where the Federation is incorporated as a tax-free and charitableorganisation. The statements for each year include figures from the previous year as a comparison. The required<strong>report</strong>ing style <strong>of</strong>ten makes it quite difficult to fully comprehend the figures presented and therefore an overallsummary for <strong>2006</strong> is presented as follows.During <strong>2006</strong>, overall income was about $480,000 and this was similar to that in 2005. However, there was a largeshift in income sources, as 2005 saw significant income from a financial surplus <strong>of</strong> the 2004 World Congress(shown as Donations), while <strong>2006</strong> saw increased income from dues (subscriptions) paid to the WFSA by itsmember <strong>societies</strong> around the <strong>world</strong>. On the expenses side during <strong>2006</strong>, administration costs <strong>of</strong> the WFSA werestable at about $180,000 and expenditure on Education and Publication projects around the <strong>world</strong> reached$214,000 – a record for the Federation. The value <strong>of</strong> WFSA Investments remained stable at about $2.6 millionand these continue to provide a very significant proportion <strong>of</strong> WFSA <strong>annual</strong> income, the others being nationalsociety subscriptions for WFSA membership and any surplus due to the WFSA from World Congresses andregional congresses. The net effect <strong>of</strong> overall income and overall expenses was a bottom line deficit <strong>of</strong> $20,000for <strong>2006</strong> – significantly far less than the deficit <strong>of</strong> $148,000 originally budgeted for <strong>2006</strong>.2. Specific Income & Expense Items in <strong>2006</strong>The WFSA runs it internal finances with Management Accounts and with Budgets which respectively <strong>report</strong> oncurrent income and expenditure, and projected income and expenses for at least the next five years. They areused to guide the Executive Committee and Executive Management Group for responsible management <strong>of</strong> WFSAfinances. These accounts and budgets are discussed and varied at regular periods between World Congressesat which all financial <strong>report</strong>s are presented. The result <strong>of</strong> each year’s Management Accounts is reflected in theAudited Financial Statements.With respect to the <strong>2006</strong> Audited Financial Statements, the following special points are made:INCOME• Subscription income for <strong>2006</strong> has increased dramatically following the slow response in 2005 to asignificant rise in national member dues as agreed at the 2004 Paris World Congress. National<strong>societies</strong> responded favourably to recognition that WFSA membership fees had not increased inthe 24 years prior to 2004.• Interest and other income from investments increased in <strong>2006</strong> and this reflects excellentpr<strong>of</strong>essional advice and management by the WFSA Financial Advisor, Mr Francis Wirgman.• Pr<strong>of</strong>it on investments (realised) was encouraging for <strong>2006</strong>, maintaining the progress establishedin 2004 and again reflecting superb management via Francis Wirgman.• WFSA Foundation raised $47,000 mostly in the UK and USA with a much higher budgeted target.The remainder <strong>of</strong> this item was income from the Glostavent project in the UK.EXPENDITURE• Secretariat expenditure was 15% over budget and this was all due to the increased demands <strong>of</strong>holding an Executive Committee meeting in November <strong>2006</strong>. The enormous efforts <strong>of</strong> Ms RuthHooper, the WFSA Administrator in London, deserve great praise.9
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CALENDAR OF EVENTSAugust 2007August
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