We had deposits of $751 in September, consisting of renewals and donations. And we had no expenses!!
I’m reporting a checking account balance of $9,952.02. You may have noticed that the amount in our checking account is MUCH lower than reported in recent months. No reason for panic – we have moved some of our money into two savings accounts for more clarity on what our balance represents. So going forward, only our income from dues and donations and our operating expenses will be in our checking account.
We now have a separate savings account for the money that was received from the closing of the 2006 Chicago Foundation account ($35,000). We will likely be using a small amount from that account to subsidize program expenses from time to time as needed, but are in discussion as to how to use those funds beyond that.
We also opened a second savings account to house the money we receive that is designated to go toward scholarships. As mentioned in the Dean’s Column this month, there is now a scholarship committee that has ascertained how much has been given in recent years toward scholarships ($5,300), and they will be proposing ways use these dollars for scholarships and communicate this opportunity with the organ community at large.
We extend many thanks to Jay Peterson, Donna Siemro, and Mary Simmons for their financial contribution to our chapter. And thanks to Morgan Simmons for his contribution to our Scholarship fund. Your gifts are very much appreciated!!
With all of the anxiety in the world today, it is reassuring to know that our North Shore Chapter is funded for today as well as the future.
Laurie Stivers
Laurie Stivers
Treasurer