Fall 2009 issue
TREASURER’S REPORT
Elaine A. Abbott, PhD, MT-BC, FAMI, LCAT
Entering the second quarter of the 2009-2010 Fiscal Year, the balances of our four Bank of America accounts were as follows: MAR Operating Budget: $47, 675.87; MARAMTS: $4,916.30; Conference: $3,030.00; Passages: $870.94.
Additionally, entering the second quarter, the balance of our Vanguard Money Market account was $17,080.28. The Vanguard account accrued dividends of $85.06 in the first quarter of 2009. This is down from first quarter of 2008 ($350.00), but up from last quarter ($75.56).
Feeling confident that we are able to maintain the necessary $20,000 balance between our four Bank of America accounts, $10,000 was transferred from the Bank of America MAR Operating Budget Account into to our Vanguard Money Market account the week of October 5th. With return of the market and this deposit, our dividends will hopefully increase significantly in coming quarters.
At our Fall Executive Board Meeting, a new Finance Committee was approved. At present, the new members include: MAR Past President Brian Abrams, MAR President Deborah Benkovitz, MAR President-Elect Kristen Brennan, MAR Regional Conference Registrar Brigette Sutton.
We are looking for one more member of the Finance Committee. If you are interested in joining the committee, please contact Elaine Abbott. She will be happy to talk with you about the position and can be reached at elaineabbott@juno.com.
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