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The Annual Banquet started at 6:00 p.m.

At 7:00 p.m. Mike McMacken started the with a recap of recent events concerning the move to Reardan and the new lease agreement made with the Spokane County Commissioners and the Spokane County Fairboard extending our stay until December 31, 2004.

There was a motion made and seconded to not have the meeting minutes read from the previous meeting.

Art Cowan read the Treasury Report, which was approved. He estimated that the expenses for 2003 to be around $18,000 due to the move to Reardan, this is a $3000 increase from last year.

Lee Tillotson read the National Directors Report. The report was a summary of the events that have occurred in the past year in IERHS. Lee also introduced the new officers for 2003. These are President – Mike McMackin, Vice President – Lee Vincent, Secretary – Sarah Vincent, Treasure – Art Cowan, National Director – Lee Tillotson, and Historian – Gene Hawk.

Mike McMackin introduced Lincoln County Commissioner and new member Bill Graedel, his brother IERHS member Cal Graedel and Dale Swant the President of the Chamber of Commerce of Reardan and new member. Mike extend thanks and great gratitude for all the efforts put forth in our decision to move to Reardan.

Jerry Fey read the report from the Spokane Model Railroad Club read the report from the Train Swap. The total profit was $2,203, which was split in half with IERHS resulting in profits of $1,101.50 for each organization.

Mike McMackin thanked everyone for all their help and participation with all the various events held last year.

Mike McMackin then invited Dale Swant up to share information about goings on in Reardan. Dale started by filling us on Reardan’s rich railroad history, and finished with telling us what Reardan is doing to promote our move. The local restaurant, the Red Rooster, is planning on changing its name and theme to a railroad one, the community of Reardan is selling t-shirts that say "Ride the Rails to Reardan – Inland Empire Railroad Historical Society", an 8x8 sign has been donated to note the future sight of the IERHS Museum, and flyers are being designed to be passed out to people at the "Mule Days". The Reardan City Council, and Chamber of Commerce has advertised the move in the Washington State Tourism Magazine, as well as submitted an article with a description of Reardan. Dale’s main message was that Reardan will do anything within it power to support and make the move of IEHRS a success.

Mike McMackin then introduced the author of "Wired for Success" and IERHS member, Charlie Mutschler, who gave a riveting talk about the Butte Anaconda & Pacific Railroad.

A good time was had by all.