A Message From the President

The Southern Appalachian Botanical Club took in more than twice as much money in 1979 than it spent. This difference was because our printer had not increased our publication costs in several years. Two years later, the printer was charging us more than three times as much as in 1979. Our expenses then were much greater than our income, almost exclusively a result in the increased printing costs. Such a negative cash flow continued for several years until our accrued balance was nearly depleted. During the years of negative cash flow, the Club increased our dues, began controlling better the distribution of CASTANEA, instituted mandatory page charges, as well as other revenue generating policies. These policies slowly began to change the negative cash flow until the cash flow became positive.