aruba
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Cyberspace Communications finances for June, 1999
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Jul 1 22:13 UTC 1999 |
Here is the treasurer's report on Cyberspace Communications, Inc. finances
through June 30th, 1999.
Beginning Balance $4,801.13
Credits $624.00 Member contributions
$44.00 Miscellaneous donations
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$668.00
Debits $66.15 Pumpkin Rent for July
$62.69 Electricity for June
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$128.84
Ending Balance $5,340.29
Our current balance breaks down as follows:
$5,164.93 General Fund
$115.36 Silly Hat Fund
$60.00 Spare Parts Fund
There was no activity in the Grex Store this month, so the balances remain at:
Cash Stock
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Ending Balances: ($64.60) $310.80
We had one returning member this month (jshafer). We are currently at 93
members, 81 of whom are paid through at least July 15th. (The others expired
recently and are in a grace period.)
A couple of notes:
- Our phone bill would have been $352.71 this month, but because of the large
refund of state taxes we paid, we didn't have to pay Ameritech anything again
this month. Currently we have a $264.90 credit with them.
- Scott measured our power consumption again, and since the installation of
the UPS we are drawing 7.5 amps (down from 8.9), so I've adjusted our
electricity payment accordingly:
power = 7.5 amps * 115 volts = 862.5 watts = .8625 kilowatts
energy/month = .8625 kw * 730.5 hours/month = 630.05625 kwh/month
$/month = 630.05625 kwh/month * $.0995/kwh = $62.69
- We're in the black for the 7th month in a row. I think this is the largest
the Grex bank balance has ever been.
Thanks to everyone who contributed in June:
bruin, coyote, dargon, dpc, dpfitzen, durrett, headdoc, jmm, jshafer, krj,
misha, mta, quail, remmers, satindra, valerie, and wh.
Thanks everyone!
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. I can't add you to the rolls without ID. (If you pay by personal
check, we consider that a good enough ID.) Type !support for more info.
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mcnally
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response 5 of 78:
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Jul 3 22:54 UTC 1999 |
re #3: "<sigh>" because I generally don't think much of Richard's ideas
for improving Grex's (or, once upon a time, M-net's) finances. In this
case, the idea of putting Grex's "extra" savings in mutual funds seems
like another idea that's only half-thought-through. A couple of downsides:
1) it might not seem like it based on the past several years,
but mutual funds have a risk associated with them -- they don't
*always* go up. who'd pick which investments, and decide when
to sell? who'd be blamed if things didn't work out?
2) who handles the extra paperwork involved? how does it complicate
Grex's tax situation?
a money market account sounds simpler and more prudent. the upside potential
might not be as large but the downside is negligible, the behavior is simpler
to predict, and the paperwork (which must be handled by volunteers, remember)
may be more straightforward.
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