Page 47 - 2019 Annual Report - Final (with cover)_Neat
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2019 Annual Report
8. PCC Consolidated Fund – this fund partially described in note 2 (b) is supervised by the Trustee Board
of PCC; the fund has assets under management exceeding $180,000,000 and are professionally
managed and invested in marketable securities. As of September 30, the fund has earned an annualized
rate of return of 7.5% measured over a four-year period.
9. Major Repair Fund – this fund was established in 2018 by Session to build a fund over time to cover
major repairs that will occur on a cyclical time schedule, like the roof and HVAC equipment.
10. Dedicated Funds – there are three funds served by other treasurers; Bartlet by Jeanne Maitland, Flower
by Esther Rupnarain, Women of Purpose by Mary Malcom; summary reports for 2019 are as follows:
Bartlet Flower Women of Purpose
Balance, beginning 28,225 4,032 608
Receipts 6,500 2,212 2,086
Disbursements (15,185) (1,671) (2,376)
Balance, end 19,540 4,573 318
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