Article 7. Funding

1. The funds required by the EFFS to carry out its tasks shall be derived from admission fees, membership dues, income from Assemblies and other events, as well as from donations and the sale of publications.
2. The General Assembly can only pass a decision on admission fees and membership dues if a request to this effect has been submitted by the Board. Admission fees must be paid upon receipt of the invoice and membership dues must be paid by April of the current calendar year at the latest.
Membership dues consist of two elements: a fixed basic amount to be paid by all members, plus an additional variable proportional amount to be paid by National Members as per the number of votes allocated to these Members as defined in Article 6, Section 2.
3. Each new EFFS member shall pay an admission fee to be fixed by the Board in order to cover the administration expenses associated with its admission.
4. All amounts shall be paid in the common currency of the EU or the currency of the country in which the EFFS has its registered office, with postage prepaid and free of any expenses to the EFFS.
5. All members shall be informed in writing of the membership dues no later than January of each calendar year.
6. Membership dues shall cover the costs of the administrative office and the expenses incurred through performing the tasks as defined in the Constitution. The Board has the responsibility of ensuring that all tasks assigned to the Executive Director are carried out economically and with utmost efficiency.
7. Honorary members as defined in Article 4, Section 4, are exempt from the payment of any dues.