Treasurer’s Message

Treasurer’s Message

On Saturday, September 11, my youngest son and I were at LaTour Demonstration Forest hunting for deer and bear. Last Christmas, I decided to get into bow hunting and bought a bow for both my boys and myself. I did ask my wife if she also wanted to go hunting, and she said, “NO.” We outfitted ourselves and began honing our skills in archery. We all took hunter safety classes, purchased hunting licenses and started planning our hunting trips. I had hunted for years as a child and when I was in the Marine Corps, but I had never taken my two sons hunting because of sports and other numerous youthful activities. Read More »

Treasurer’s Message

Over half the year has passed, and 2021 has proven to be just as crazy as 2020. COVID is in the news every day, the stock market is up and down with the sunrise and sunset and PORAC is fighting for all law enforcement officers in California on a daily basis. This month, the Budget Committee will be submitting a recommended budget to the full PORAC Board for 2022. The budget captures the following: revenue expectations from membership, Conference/seminars, PORAC Law Enforcement News and investment income. Read More »

Treasurer’s Message

Happy Independence Day. July 4, 1776, commemorated the Declaration of Independence of the United States. The Continental Congress declared that the 13 American colonies were no longer subject (and subordinate) to the monarch of Britain, and were now united, free and independent states: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.” Read More »

Treasurer’s Message

Why are high-risk markets or cryptocurrencies not fiduciary responsible? Because it’s not the board’s money is the simple answer. The board of directors has the responsibility to ensure the association can meet its obligations of negotiating for pay, benefits and working conditions. If you lose your money by making bad financial decisions, then you are not being responsible. Read More »

Treasurer’s Message

Take a deep breath and slowly push out. First off, PORAC’s UBS performance as of April 23. Our UBS investment total assets are $18,109,956 with a performance of +6.81%. Over the last several days, PORAC’s Executive Board and association leaders have conducted over 25 meetings with California House representatives, senators and committee chairs for the U.S. House of Representatives. In the meetings, we spoke on commonsense and long-lasting police reform, law enforcement funding initiatives, Social Security reform for public employees and lowering the Medicare eligibility age for first responders. Read More »

Treasurer’s Message

April is always a fun month for everyone. In doing research on what to write about, I looked up all the holidays in April. I discovered there is a holiday for just about everything. What does this have to do with being a treasurer or money? I will answer that after listing out the holidays. Read More »

Treasurer’s Message

Two months down for 2021. While writing this article, the stock market is hitting new heights, the governor is getting close to being recalled, the majority of the state is still in the purple tier of COVID restrictions and the second impeachment trial for former President Trump has concluded. And we all thought 2021 was going to be less exciting. Read More »

Treasurer’s Message

So you were elected to be the treasurer for your association and you have attended your first board meeting. During the meeting, you gave a treasurer’s report to the board and they more than likely voted to approve the report. For many treasurers, this report is extremely simple because you have a checking account and possibly a savings account. Read More »

Treasurer’s Message

PORAC’s financials encompass a wide variety of accounts, ranging from general funds to political activity to all our invested portfolios. Knowing I do not have a lot of space to write and not wanting to bore you all to death, when needed I will be giving updates on the status of the funds. If something big happens, I will try to focus on one aspect and still give the basic status of all the funds. Read More »

Treasurer’s Message

December will be my last month as treasurer of PORAC. It has been an honor to serve PORAC as its treasurer for these last two years. I will continue to serve on the PORAC Board of Directors and will continue to be available to PORAC as a resource whenever I am needed. This year, there was no PORAC Conference due to COVID-19. As a result, my end-of-year Treasurer’s Report was sent electronically to the membership. I will run through some of the highlights from my report. Read More »