Articles / Press Releases
For Members Only
10255 W. Higgins Road
Rosemont, IL 60018
August 1, 1998
Your Executive Committee, Board of Directors and nearly all committees and task forces met in Chicago last month to start work on the 1998-99 work plan. With some 200 members involved in the process, there is a lot going on.
Your Board received and approved audited financial statements for the year that ended May 31. We concluded the year with $10.9 million in revenues, and a contribution to member equity of $533,000---one of our best years ever. The Board also approved the 1998-99 budget, which calls for revenues of $11.4 million.
Based in part on the financial health of the association, the Board approved a recommendation of the Headquarters Building Task Force to proceed to buy a parcel of land in the northwest suburban Chicago area, with the intent of building a permanent headquarters facility by the time our current lease expires in 2005. We will keep your advised as that project evolves.
The Occupational Safety and Health Administration has officially removed provisions relating to -containing roof cements, coatings and mastics in its construction and shipyard standards, to conform with an appeals court decision we reported last year. The new rule, published on July 24, says that work practices, training and hazard communication for asphalt roof cements, coatings and mastics are not required.
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Letter From The National Roofing Contractor's Association