Treasurer Report 12/31/2013

Treasurer, Imre Volgyi, provided this report:

HAPPY NEW YEAR TO ALL!

Attached you will find the RAFINO Financial Statement thru Dec 31st (you must be logged in to see it).  I have posted several comments on the spreadsheet and they are self explanatory. Even though we only invested  80% of the funds for only 75% of the year we still made almost $1,100 in realized income and almost $400 in unrealized income.  Unfortunately, only 2 of the 6 investments show a positive number for realized gains.  I will be talking to our USAA investment rep later this month to see if there are any "opportunities" out there as I don't feel comfortable sitting on over that cash balance that could be earning a couple per cent in interest. More to follow! 

As far as the dues collection, we sent out a friendly "pre nag" email reminder in early December to 110 of our members with a 12-31-13 expiration date.  As of today, I have received 57 checks from these folks and one request for inactivation.  At the current time that leaves 161 of our members in an overdue status (over 50% are in 2012/2013 year groups and over 2/3 have email addresses).