Treasurer Report

[steve]

Richard Beckwith did a great job in posting a treasurer report in the April ACF Bulletin one of the few i have seen over the past 50 years.What would be nice now is a income statement showing revenue and expenses so that members could see where and how their money is being spent!

[Alex_Moiseyev]

And here is report itself:
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CDs at Independence Bank
Oldbury Fund $100,791.81
200 Club $85,528.89
King Me $6171.39
King Me 3 (merges with King Me at July maturity) $2000.00
Other Accounts
PNC Bank checking $3073.38
-- dues checks awaiting deposit $95.00
ACF Store (Wells Fargo) $5334.32
ACF Store / Paypal $1215.70
Other (Gene Lindsay Funds) $270,858.20

Comments:

The Funds were placed with specific purposes (at donor's wishes) for the interest earned; the principals do not represent spendable cash. The Oldbury fund supports the GAYP National Top 5 places and the GAYP World Title Match when an American competes. The 200 Club fund supports the 3-Move National and the 3-Move World Title Match when an American competes. The Lindsay Fund Supports 3-Move ACF National Masters Division and International Matches. Some ACF Store money has not been paid off to various vendors, who receive their payment at intervals of their choosing. $350 of King Me money was moved to PNC account for withdrawal at 2015 Youth National (if held).

[ae_ted]

Boy, I am thinking slow!

Alex can you ask John if he was ever given this treasurer information?
I am guessing he was not and Kim was not also.


If this is true, then Richard or someone in the ex. commite, has been less than forthcoming with other officers.

I still do not have a trusting warm fuzzy feeling with the present set of officers.

but.................no matter what with the outcome of the election, If the ACF does not embrace online checkers in some form, ACF is dead.