WPSBC Alumni Association

Treasurer’s Report for August 7th, 2010

The following report was presented at the 2010 WPSBC Alumni Association convention business meeting.  Additional information is available about individual checking account transaction to authorized parties upon request.

Checking Account Summary

• Beginning Balance:            2643.38 (As of 2008-07-03)  
• Total Debts:                  11603.16    (Sum of all debts)
• Total Deposits:               13018.10    (Sum of all deposits)
• Total Net Gains:              1414.94     (Start – end balance)  
• Ending Balance:               4058.32     (As of 2010-08-04)

Investments Summary

Definitions of Values

• The   Beginning Balance  value is the amount of money that was in the account at the start of this reporting period.
• The   Ending Balance   value is the amount of money that was in the account at the close (or end) of this reporting period.
• The   Total Disbursements  value is calculated by adding up all withdrawals from this account.
• The  Total Deposits  value is calculated by adding up all the deposits made to this account.
• The  Total Earnings  value is calculated by subtracting the   Beginning Balance   from the   Ending Balance,  and then adding in the   Total Deposits,   and finally subtracting the   Total Debts   values.
• The  Total Net Losses  value is calculated by subtracting the starting from the ending balance. 

Investment Account Values

• Beginning Balance:            41056.92    (As of 2008-06-30
• Total Disbursements:          5000.00          
• Total Deposits:               0.0        
• Total Earnings:               0.0
• Total Losses:                 729.69     
• Total Net Earnings:           0.0
• Total Net Losses:             5729.69    
• Ending Balance:               35327.23    (As of 2010-08-03)     

Total WPSBC Alumni Organization Assets

• Beginning Balance:      43700.30    (As of 2008-08-07)
• Total Losses:           4314.75
• Total Net Gains:        0.0  
• Ending Balance:         39385.55    (As of 2010-08-04)

Tom Hesley

Hi everyone. 

Just wanted to let you know that the $3000 that the board voted to transfer from our investment accounts to our checking account is complete.

Tom Hesley

December 9, 2009 Alumni Board meeting

Present, Janice Miller, Ed Facemyer, Albert Pietrolungo, Ellen Goldfon, Chuck Schaefer, Bill Newland, Bonnie Newland, Tom Hesley, Joanna Berkovic, and Ted crum.

Meeting began 7:10 p.m. via conference call.

1,            minutes

Al moved minutes be approved. Tom seconded the motion. Motion past unanimously.

2,            Treasurers report Tom Hesley

As of December 7, 2009 Current balance in checking $161.65. In the Lincoln investment account, as of December 4, the total earnings $1,186.44 and the balance is $36,238.52. Our total assets $36,400.17. Because forms had to be completed for the bank, and Lincon financial, as well as a mailing address change for Tom, the direct transfer as yet has not been established. Tom hopes to have this done in the near future. Janice suggested that we work on elimination of service charges to the checking account. Tom will contact Citizens bank on this issue. There is also a question as to whether the Alumni has 501c3 status. After some discussion, Bonnie Moved and Janice seconded the motion that the treasurer’s report be approved. The motion past unanimously.

3,            Deaths, Joanna Berkovic

Richard Meckler class of 1975 past away.

4, RIS/Braille Ted Crum.

As yet there has been no decision on the status of the Braille printers at RIS.

5, Alumni convention Joanna Berkovic.

The dates for this year’s convention are August 6, 7, and 8. As yet no cost has been established. Al pointed out that the constitution states that in order to hold the convention, 50 people must be registered. Joanna pointed out that the number was changed to 30. However, in the future, this issue will become a real problem, because of deaths to members. It was decided at this time to table the issue.

6, Next meeting.

Joanna suggested because of the convention, the next meeting take place in early March. Also the bulletin should be distributed in early May; soe people will have the information about the convention.

Meeting adjourned 8:37 P.m.

Bonnie Newland Recording secretary

October 7 2009 alumni board meeting minutes

President Ted Crum began the meeting 7:02 p.m via conference call.

Present, Bill Newland Ted Crum, Bonnie Newland, Albert Pietrolungo, Ed Facemyer, Joanna berkovic, Ellen Goldfon, Chuck Schaeffer, and Janice Miller.

1,         minutes

It was decided to dispense with reading of minutes, because board members should have received this information via e-mail. Ed Facemyer moved MINUTES BE APPROVED. The motion past unanimously.

2,         treasurers report  Tom Hesley.

Current balance in checking, $124.55. Our earnings in savings since April 2009, $5,977.30, and the current balance is $35,052.08, and total assets $35,176.63. Bill moved the treasurer’s report be approved. The motion past unanimously. Bonnie moved and Janice seconded the motion that $3,000.00 be transferred from savings to checking. The motion past unanimously. Janice recommended that we look in to a direct wire transfer, in order to speed up transactions from one account to another. Tom and Ted will look in to setting up the direct wire transfer.

3, necrology Joanna Berkovic and  Tom Hesley.

There were a number of deaths in the past several months and we sent the proper memorial to the families of the deceased.

4,         fund-raising

After some discussion, Janice moved there would be no fund-raising until the next Alumni convention in 2010. Albert seconded the motion. It past unanimously Al recommended this issue be presented to the membership at the next convention, to determine if there should be fund-raising in the future, or will the organization depend on its assets.

5,         Alumni convention

We will need to work with the school to determine what we will be charged and the best weekend for the convention. We recommend either the first or second week in August 2010. Joanna will work out these details with the school. It was also suggested that such things as bingo, and a 50 50 raffle will help defray some of the cost to the organization. We also need to begin looking for a speaker at the event.

6,         RIS/Braille Ted Crum

Because of the demise of RIS, current plans are to consolidate the Braille service in one location. Beth Branella outreach coordinator at the school has been contacted on this issue. Some of the equipment such as the Braille printer is in bad need of repair. Joe Wassermann has been looking for ways to get funding. It is estimated that it will cost somewhere in the neighborhood of $1500.00 to get this equipment repaired. Bonnie moved and Janice seconded the motion that we table this discussion on this issue, because things have not as yet been finalized between Duquesne and RIS. No decision will be made by this board on this issue until it is clear as to ownership of equipment. The Motion past unanimously.

7,         miscellaneous

A letter was read from Joe Wassermann thanking us for our contribution to audible darts.

Next meeting December 9 2009

Meeting adjourned 7:52 p.m.

Respectfully submitted

Bonnie Newland recording secretary

May 6, 2009 Alumni board meeting.

The meeting was called to order by the president, Ted Crum at 7:30 pm.

On May 6, 2009. Treasurer’s report there is a current balance in the checking account of $2273.65. Tom Hesley  reported that there was an increase in the savings accounts as well. The treasurer’s report was approved.

The web sight was discussed. Tom Hesley  would like to change the web site into a blog this would cost the organization $250 for five years. Currently we are paying $80 per year for five years. A motion was made by   Tom Hesley  and seconded by Bill Newland that we upgrade the web sight to a blog at a cost of $250 for five years and put our dicumates and minutes on this sight. The motion passed

The September social was discussed A motion was made by Janice Miller and seconded by Chuck Shafer to charge people $5 for the social. A motion was made by Ellen Goldfon and seconded by Janace Miller for the alumni to give$100 for door prizes and bingo prizes for the social.

The audible dart group is in need of money to pay for insurance. The group would like $500 to help pay for this expense. A motion was made by Bill Newland and seconded by Albert Petrolongo to give the dart group $500 contingent on the group raising the rest of the money. The motion passed. This donation would be for one year only.

Ed Facemyer suggested that we try the free conference call he said he would set it up. A motion was made by Janace Miller and seconded by Bill Newland to try the free conference call. The motion passed.

The board meeting adjourned at 8:30 pm.

Bonnie Newland recording secretary