Chapter Treasurer, Kenneth Nip, presented his report for the financial year ending June 30th which showed a profit for the year of HK$101,921. The fiscal year fund balance of the Chapter amounted to HK$543,902. Revenue amounted to HK$608,376 with expenses at HK$508,015.

Finally, the following Officers were elected for 2004 - 2005:

President - Jon Seller, Optegy Energy Consulting President - Jon Seller, Optegy Energy Consulting Vice President - Ian Dodds, Pacific Century Premium Developments President - Jon Seller, Optegy Energy Consulting Vice President - Brian Crockford, Viper FM Consultin Vice President - Ian Dodds, Pacific Century Premium Developments Hon Treasurer - Kenneth Nip, Century Asia Group Hon Secretary - Arnald Ng, Hongkong Land (Property Management) Ltd Director - Michael Lo, Hongkong Land (Property Management) Ltd Director - Raymond Pang, Vocational Training Council Director - Philip Fung, Hong Kong Cyberport Management Company Ltd Director - Martin Coombes, Pacific Century Premium Developments Director - Philip Wong, Hong Kong Polytechnic University Director - Deric Probst-Wallace, Hysan Development Co. Ltd. Immediate Past President - Richard Myers, Eastpoint Property Management Services Ltd.

Jon Seller Chapter President 2004 - 2005

The President for the new year, Jon Seller, gave us a brief on what he saw for the Chapter during his term in office:

Continuing to promote recognition and growth of FM as a profession Supporting the Chapter developed education programs Increasing awareness of IFMA and its goals Enhancing communications with Chapter members

CHAPTER CHARITABLE DONATION

At the AGM, IFMA Hong Kong Chapter made a HK$10,000 donation to Mother's Choice. President Richard Myers presented the cheque to Mr. Les Whittle. Mr. Whittle gave a brief introduction of what Mother's Choice does since its establishment in 1987 and he will use the funds for facility renovation and refurbishment.