Treasurer’s Message

Treasurer’s Message

PORAC has taken an active role in ensuring that CalPERS is focusing its fiduciary responsibility on the health of its funds, not whether the investment mechanism is politically correct or not. During the legislative portion of the June Executive Committee meeting, we had the opportunity to discuss PERS and its investments. Your PORAC Board took active steps to ensure that we actively oppose any bill that deals with CalPERS divesting. Read More »

Treasurer’s Message

The California Law Enforcement Officers’ Memorial Ceremony was fresh on my mind as I wrote this article. As always, it is a somber occasion filled with the grief and sorrow of family members, friends and colleagues over the passing of peace officers throughout the state. Consequently, the ceremonies are a source of reflection on the inherent dangers of our profession. Read More »

Treasurer’s Message

We are changing gears this month by focusing on ourselves. 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. All of us realize that we are in a high-stress career. Along the way, we find various methods to manage our stress — some are healthy, while others may be the cause of additional stress. Read More »

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 »