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.
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, […]
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 […]
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 […]
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 […]
Marcelo Blanco PORAC Treasurer How Am I Doing? Let’s change gears this month by focusing on the value of your personal stock. Last year I discussed the topic of post-traumatic stress disorder (PTSD) by evaluating the choices you make that may have an effect on your body and ability to successfully enjoy your retirement. […]