Ms. Ford:  Welcome to this conference, 2007.  There's a wonderful turnout, and one of the things that we're particularly pleased about is the number of spouses who were able to join us this year.  We have made a change in the operations of NAPSG so that spouses can be guests at the conference.  We are assessing them for meals, but certainly not for registration at the conference.  I think that's made a huge difference, and it enabled so many husbands and wives who would love to be with us and who we'd love to have with us to be with us today.

     The organization's operations -- you all probably know this, but it is helpful to be reminded -- are actually run by school memberships of the heads of school and the secondary members, and the conference pays for itself.  NAPSG is in excellent shape, about which you're going to be hearing more, including welcoming 12 new schools this year from around the country, and also one from Britain.

     Right now, I'd like to ask all the honorary members of NAPSG to stand and take a bow. These are our former presidents, along with Joan Twaddle, who for many years was the secretary and financial overseer of NAPSG.  So will you all stand up and take a bow?  Thank you.

     Now we're going to start going right through our agenda.  Each person who has a report to make will come up and introduce him- or herself and we'll start with the treasurer's report.

     MS. DAVID:  I have been fortunate to be treasurer at a time when I have had nothing but good news to give you.  I'd like to have that continue. At the fall Council meeting, we approved the annual review by the auditors.  We have a review every year, an audit probably every five years, so that was in good form, and we approved that.

     As Burch just mentioned, the operating costs are covered by your dues, and both the seminar and the conference are to cover their own costs. And I must say that that probably keeps Bruce up until 3:00 in the morning more nights than we'd like to think about, because a lot of it depends on this conference, and when there are some unusual circumstances, it's a lot of worry for Bruce, and he does a great job.

     We made a decision a couple of years ago to invest some of our money with Charles Schwab. Those investments continue to grow.  Also, at the November meeting we made a decision that we would let our balance grow to be one and a half Times the cost of our annual operating year.  And that is to give ourselves the cushion, should something happen, as has happened in the past with other conferences, and when that goes down, the organization takes a hit.  It would be good to have that.  So we are close to that point, but not there yet.

     Unless there are questions, I'd like a motion to approve the report.  (Moved and seconded.) All in favor?  Opposed?  Thank you.