{"id":3080,"date":"2005-06-28T16:49:43","date_gmt":"2005-06-28T20:49:43","guid":{"rendered":"https:\/\/www.icsom.org\/senzasordino\/?p=3080"},"modified":"2020-03-28T16:51:41","modified_gmt":"2020-03-28T20:51:41","slug":"treasurers-report-3","status":"publish","type":"post","link":"https:\/\/www.icsom.org\/senzasordino\/2005\/06\/treasurers-report-3\/","title":{"rendered":"Treasurer\u2019s Report"},"content":{"rendered":"

\"\"I<\/span>t’s finally the time of year when all the dues from ICSOM orchestras have been paid and accounted for. Dues collected for 2004\u201305 totaled $168,740. These funds must last ICSOM until late fall, when dues start coming in again.<\/p>\n

Invoices will be distributed to all delegates in San Diego at the Conference. Delegates should then pass these on to their orchestra treasurers and\/or local for payment processing.<\/p>\n

Next season in particular, we ask that dues be paid as early as possible, Extraordinary expenses such as a second directory in 2005 will occur before the end of the year, with the potential to put ICSOM in a negative cash position. If ICSOM runs critically short of funds, we will have to borrow from the Emergency Relief Fund, thus lowering the amount available to orchestras in need and costing us interest. Please help us avoid this scenario by joining with the orchestras that submit ICSOM dues as early as October.<\/p>\n

ICSOM Investment Accounts<\/h4>\n

A word about our investment accounts with A.G. Edwards (AGE): the AGE General Fund, with a May 1 balance of $47,568, is a money market account where we temporarily park excess funds. The 12-month estimated income is $1,046.<\/p>\n

The AGE Mendolson Fund is used to help fund our $4,500 participation in the Sphinx program. $4,226 came from the one dollar per capita portion of dues. Allocation is 80% bonds and 20% money market. The balance is $30,775, with an estimated 12-month income of $690.<\/p>\n

The AGE Emergency Relief Fund has a balance of $208,683. Allocation is currently 79% bonds\/CDs and 21% money market. The 12-month estimated income is $5,581. The value and allocation percentages of this fund vary somewhat due to the fluctuating market value of its bonds. (Two dollars per capita, or $8,452, will be transferred from the AGE General Fund to the ERF by the time this issue goes to press.)<\/p>\n

The four accounts at SouthTrust Bank (soon to be Wachovia) pay inconsequential interest. They are our working accounts and their balances as of May 1 are:<\/p>\n\n\n\n\n\n\n
General Account:<\/td>\n$76,239<\/td>\n<\/tr>\n
Chairman\u2019s Account:<\/td>\n$3,306<\/td>\n<\/tr>\n
Secretary\u2019s Account:<\/td>\n$2,269<\/td>\n<\/tr>\n
Senza Sordino<\/em> Account:<\/td>\n$6,771<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

In the next issue: \u201cWhere does your money go?\u201d <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

It’s finally the time of year when all the dues from ICSOM orchestras have been paid and accounted for. Dues collected for 2004\u201305 totaled $168,740. These funds must last ICSOM until late fall, when dues start coming in again. Invoices will be distributed to all delegates in San Diego at the Conference. Delegates should then… [Read more]<\/a><\/p>\n","protected":false},"author":2,"featured_media":2394,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[221],"tags":[],"class_list":{"0":"post-3080","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-june-2005","8":"entry"},"acf":[],"yoast_head":"\nTreasurer\u2019s Report | Senza Sordino<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.icsom.org\/senzasordino\/2005\/06\/treasurers-report-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Treasurer\u2019s Report | Senza Sordino\" \/>\n<meta property=\"og:description\" content=\"It’s finally the time of year when all the dues from ICSOM orchestras have been paid and accounted for. 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