Treasurer’s Message

Treasurer’s Message

Your Executive Committee recently returned from its biannual pilgrimage to our nation’s capital. Last year around this time we were dealing with an upcoming election, so there was a whole lot of posturing going on. Unfortunately, the posturing did not work for the Democrats, since they lost the presidency and the Republicans kept control of both the House and Senate. Read More »

Treasurer’s Message

Wow, it seems like yesterday that we were exchanging gifts and making new year’s resolutions. Yet here we find ourselves, in the process of gathering receipts and preparing tax returns. However, some of you may be ahead of the game, have filed your returns early, and are putting your money to some constructive use or are preparing a payment plan. Read More »

Treasurer’s Message

2017 Is in Full Effect — Are You Ready? Let’s all start 2017 on the financial “right foot.” Early in the year is the best time to ensure that your association and chapter financial business is in order. Read More »

Treasurer’s Message

By now, most of us have stowed our holiday decorations (or maybe not) and are working on overcoming the overindulgence that inevitably accompanies the holiday season. Some have probably already broken some well-intended, yet misguided, new year’s resolutions. Read More »

Treasurer’s Message

As I completed my Conference financial report, our investments were up 6.3% with 29% of our monies in fixed income/bonds. The S&P for the same period is up 6.6%, which means our accounts are doing very well. Since Mark Sikorski and I began managing these accounts, our reserves have increased from $2.05 million to $5.09 million. Read More »

Treasurer’s Message

As mentioned in my September article, PORAC fared well during our audit of the prior year’s financials. However, we did receive a management letter from the auditor noting a couple areas of concern. Our Finance and Administrative Manager, Kim Busman, refers to the management letter as a report card of her ability to properly manage PORAC’s finances. Therefore, she equates anything above the segregation of duties issue as needing to be remedied immediately. Read More »

Treasurer’s Message

Marcelo Blanco PORAC Treasurer Budget in the Works PORAC’s Budget Committee — composed of Executive Committee Directors Barry Donelan, Randy Beintema, Anthony Sanders, Laren Leichliter and I — has been busy through this budget cycle. The committee continued to focus on areas of the budget where we felt the organization could be more efficient. Fortunately, […] Read More »

Treasurer’s Message

Marcelo Blanco PORAC Treasurer   It’s Budget Time Last year’s audit is in the wrap-up stages. It appears that your PORAC financial team was able to gauge our income and expenses fairly well. When you deduct our unrealized gains and losses on our investments, we ended up with a surplus. By the time you read […] Read More »

Treasurer’s Message

Treasurer’s Message MARCELO BLANCO PORAC Treasurer Keeping Yourself and Your Members Informed It appears the death penalty initiative passed its first hurdle and is well on its way to the November 2016 general election ballot. That said, there is a competing initiative to abolish the death penalty that also made it. Therefore, it is important to […] Read More »

Treasurer’s Report

Marcelo Blanco PORAC Treasurer   Legislators Shrouded in the Veil of Transparency? The California Peace Officers’ Memorial Ceremonies were fresh in my mind as I wrote this month’s article. Allow me share with you a few of my thoughts from this event. As always, it is a somber occasion filled with the grief and sorrow of […] Read More »