[DeTomaso] Fw: Total POCA Revenues

[Mike Drew]

All,

The track event was staged and paid for by PCNC, not POCA. POCA always helped sponsor the event to the tune of $1000, however. Total track event cost was usually in the region of $15k. 

Mike

Sent from my iPhone

On Apr 17, 2015, at 17:56, "Rich" <hoppe1 at cox.net> wrote:

> 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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