Grex Oldcoop Conference

Item 319: Cyberspace Communications finances for February 2006

Entered by aruba on Mon Mar 6 16:01:16 2006:

Here is the treasurer's report on Cyberspace Communications, Inc. finances 
through February 28th, 2006.

Beginning Balance     $4,209.04

Credits                 $150.00         Member contributions
                          $0.95         Interest on our savings account
                   ------------
                        $150.95

Debits                  $100.00         Provide Net colocation (thru 3/22/06)
                         $45.60         Phone Bill
                          $4.05         Paypal fees (income = $90)
                   ------------
                        $149.65

Ending Balance        $4,210.34

Our current balance breaks down as follows:

$4,036.35               General Fund
  $173.99               Silly Hat Fund

The money is distributed like this:

$2,306.48   Checking account
$1,903.86   Savings account earning 0.65% interest annually

We had 2 new members in January (kaf28 and koppula).  We 
are currently at 63 members, 37 of whom are paid through at least March 
15th.  (The others expired recently and are in a grace period.)

Notes:

- Things balanced out nicely this month.

Thanks to everyone who contributed in February:

jep, kaf28, koppula, muthu, and polygon.

If you or your institution would like to become a member of Grex, it 
only costs $6/month or $60/year.  Send money to:

Cyberspace Communications
P. O. Box 4432
Ann Arbor, MI 48106-4432

If you pay by cash or money order, please include a photocopy of some 
form of ID.  We can't add you to the rolls without ID.  (If you pay 
with a personal check that has your name pre-printed on it, we 
consider that a good enough ID.)  Type !support or see 
http://www.cyberspace.org/member.html for more info.
7 responses total.
#1 of 7 by naftee on Wed Mar 8 04:13:09 2006:

pretty crummy interest on the account

#2 of 7 by nharmon on Wed Mar 8 04:24:19 2006:

That interest rates is inline with current market rates for a liquid
savings account.

#3 of 7 by naftee on Wed Mar 8 04:38:48 2006:

bummer !

#4 of 7 by nharmon on Wed Mar 8 13:44:31 2006:

Grex could make more interest, but they would have to tie up the funds 
in a bond.

#5 of 7 by aruba on Wed Mar 8 18:32:29 2006:

(I agree it's a crappy rate.)

#6 of 7 by naftee on Wed Mar 8 20:47:23 2006:

re 4 
what about putting aside, say, $1000 ?

#7 of 7 by jesuit on Wed May 17 02:16:05 2006:

TROGG IS DAVID BLAINE

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