Page 5 - Fall2018_RAFINO_Reporter

Trez Sez:
There is an old saying: “The more things change, the more they stay the same.”
Our organization continues to resemble that remark as we continue to thrive on
strong financial grounds. Recently, one of our USAA accounts was involuntarily
liquidated leaving us with a realized loss of $668.11. Fortunately, our remaining
assets currently (as of August 31) have an unrealized gain of $1,068.95, which more than covers this
realized loss. We will continue to move forward with our goal of capital preservation by investing in income
as well as growth-producing funds. Our biennial financial statement will be released in conjunction with our
reunion next month.

Your Donations Committee will also be recommending donations to be made to one or more worthy
causes. Please keep in mind that all donations are covered by earned income and internal donations from
our members. No dues monies are used for this purpose. This will further reinforce our goal of capital
preservation. The delinquent number of members is still troublesome, as 101 of 584 dues-paying members
are in that category, 17 percent. The bright side is that we now have 216 life members, which represent 45
percent of our members whose dues are current.
Imre Volgyi
thevolgyis@epbfi.com

Results of the RAFINO Revised ByLaws Vote

We would like to thank all of our members that took the time to review and vote on the ByLaw revisions
we provided to our membership for consideration. Voting ended on August 10, and the results were as
follows: 264 Yea and 6 Nay for a total of 270 votes. The Yea’s carry the vote; and we will ratify the
approval of the revised RAFINO ByLaws at our business meeting at the Albuquerque Reunion. We look
forward to seeing everyone there. Again, thank you for voting on this important revision.

RAFINO Board