Winter 2009 issue
TREASURER’S REPORT
Elaine A. Abbott, PhD, MT-BC, FAMI, LCAT
Our 2008-09 Operating Budget checking account currently has a balance of $30,570.78. We will deposit $10,000 of this into our Vanguard account at the end of the fiscal year. These funds represent one third of our liability reserve.
As of December 31, 2008, our Vanguard Money Market account had a balance of $16, 995.22. This reflects an increase of $458.63 over the year 2008. Many thanks to the officers involved in creating this safe fund for MAR. While many investors lost significant amounts in the market over these last months, our conservative investments continued to grow.
The Finance Committee is pleased to report that online registration is financially feasible and responsible. Many thanks to our webmaster, Felice Macera, whose expertise is supporting our entrance into this technology via PayPal and the beautiful new MAR-AMTA website.
As always, I have much gratitude for the support and hard work of the committee. It includes: Brian Abrams, Kathy Murphy, Gary Verhagen, Nancy Vees, and Mike Viega.