[SJAAboard] treasurer's report for board meeting

[Gary Mitchell]

Treasurer’s report for board meeting, May 17, 2008

Accounts:
CD 1		5410.45
CD 2		6153.42
CD 3		5393.07
CD 4		5215.84
Obs. Fund	3235.84
Checking	5923.38
PayPal		 172.60
Petty Cash	  43.12
		---------
TOTAL	      31,547.72

No change in the CD’s last month.

We did well at our auction in April:
	Auction:	3259.90
	Donations:	54.42
	Swap:		84.50   (includes 15.50 of SJAA property)
	Total gross	3398.82

City of San Jose fee:	-394.00   (for using Houge for the day)
RASC books:		-161.10   (18 at $8 ea, our cost: 16.95 ea)

Grand total net:	2843.72

The SJAA itself was by far the biggest auction seller, with gross
sales of $2899.  All other sellers combined had gross sales of $3423.

If we sold nothing of our own, the City fee could potentially result
in a net loss.  We still have some thinning to do of the loaner
program, so it’s a fair guess we’ll do well at next year’s auction.
But if it looks like we won’t have anything significant of our own
to sell, and we can’t talk the City into a lower fee, I believe we
should consider holding the auction elsewhere or not at all.

Gary Mitchell
SJAA Treasurer