[DeTomaso] Fw: Total POCA Revenues

[Rich]

I agree
There should not be excess funds in the POCA acct.
I remember when we had track events we had to get participants to donate 
money to hold the event because POCA could not afford it.   Why?

-----Original Message----- 
From: marshall smith
Sent: Friday, April 17, 2015 5:32 PM
To: DeTomaso Forum
Subject: [DeTomaso] Fw: Total POCA Revenues

> 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
>
>
>


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