[DeTomaso] Fw: Total POCA Revenues

[marshall smith]

> Ed Mendez informed me today that POCA has in excess of
> $125,000.00 in their bank accounts. I have a couple
> questions in regards to these funds.
> 
> 1st) How is the total amount of reserves to be held decided
> by our board?
> 2nd) Is $125,000.00 that target amount and if not, what is
> that target balance?
> 3rd) Is this a normal and reasonable amount of monies that
> would and/or should be held in reserves by a car club?
> 4th) If this amount has grown to be excessive, is there a
> plan by POCA to refund some of these funds to the membership
> perhaps in the form of reduced dues or reduced entry fees to
> a future Fun Rally?
> 
> Thanks in advance for your answers and thanks very much to
> our board members for their service to our club!
> 
> Marshall Smith
> President, San Diego Panteras 
> 
> 
>