[SJAAboard] Treasurer's report for June 2008 board meeting

[Gary Mitchell]

Treasurer's report for the SJAA board meeting, June 21, 2008

Accounts:
CD 1           5410.45
CD 2           6153.42
CD 3           5539.41
CD 4           5215.84
Obs. Fund      3323.64
Checking       6357.46
PayPal          408.76
Petty Cash       43.12
              ---------
TOTAL        32,452.10

CD 3 will mature and renew on July 5.  I plan to transfer
$1000 from checking to CD 3 then.

Our liability insurance will be due later this summer, I
want to keep a fair amount in reserve for that.  After
paying the insurance premium, I’ll consider whether the
checking account has enough to transfer another $1000 to
CD 4 when it matures in October.

The Observatory fund CD will mature and renew on July 5.

1-year CD’s are currently renewing at an interest rate
of 2.76%, that’s down from 4.65% last year.  Still,
that’s an order of magnitude better than the 0.10% our
checking account earns.

Gary Mitchell
SJAA Treasurer