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The 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.
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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 awards committee will also be recommending donation to be made to worthy cause(s). 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 out of 584 dues paying members are in
that category (17%). The bright side is that we now have 216 life members which represent 45% of our
members whose dues are current.
Imre Volgyi
thevolgyis@epbfi.com
RAFINO Board
