BCF

Treasurer Report 11/25

Checking - $ 7439

Program Sponsors 2026 

$ 3,490 (8) paid

Business Share 

$ 3,358

CD (12-3) matures $15, 464

Treasurer authorized to check moving CD at True North after maturity to another institution for higher interest rate investment.

Research to date:

True North  3.8 now – variable but after 12/3 = 3.0 for 6 months

NuVision      4.5 promo for 4 months but can only invest $5000 Business

         Non promotional 3.4 for 12 months

Credit Union 1     4.0 – one year

1st NaNonal Bank     2.0 for balance up to $24,999

Global            3.6 (9-11 months) minimum balance $10,000

Looks like CU 1 would be best option. Cannot move from TN until day after maturity (12-3) to earn interest. We also have $3,359 in business share but TN requires we carry a minimum balance there, but we can move a portion of thatamount plus the $15,464 earning additional interest to apply approximately$18,000.

Please comment if you concur or have other thoughts. Would request by 12-4 to make the move to CU 1.

December 18 Annual Meeting Update:

Working with Vonnie to complete program outline

Charity working on table arrangements

Public Radio presentation unavailable due to station commitment that date but working on a January appearance with sponsor

Confirming with Kameron- Humanities Forum to give brief overview and how to use the conversation starters – as our guest with one staff member

Guest program presenter in progress – will send info once confirmed Silent Auction items confirmed. In hand – 5 bofles of amazing wines

donated by Republic National Distributing Company (RNDC). They also donated wine for the Gala..

Large Assorted Bread and Cookie Basket – Motley Crew Bakery

Coffee Basket – Charity Kadow

Art Piece – Charity Kadow

Vonnie has completed insert design for Mining Pan Awards. Will get to Bovey for completion and pick up.

Cal has sent his President’s Message for program

Program Talking Points

Welcome Cal

Silent Auction Overview-Kalen

Intro -Board Elect Cal – will only ask members to stand

Interactive Activity-Charity Kadow

ConversaNon Starters-Kameron Perez-Verdia

Lunch Board Installation Sandwiches, salad and dessert for pick up buffet style like Gala

Cal prepared to ask board to stand in place wherever they are seated – nothing really formal but “something like I (by name) will

continue to work to preserve the principles of civil discourse welcoming all and celebrating the inspiration of the AK way.

Working on it but not confirmed yet

Luncheon Speaker

Bartlet Silver Mining -Leroy & Angel

Awards Presentation

Live Auction -AK Airlines-Ken

Silent Auction Closes

Thanks, Acknowledgement of Donors -Jewel

2026 Program Sponsors

Winning Bidders Announced-Vonnie

Thank You to Members & Guest-Karl

Next Membership Meeting January 8, 2026

The key to success will be increasing lunch ticket sales. We only have two meetings to finalize (12-4 & 12-11) so it's critical to promote. Kalen suggested at the work session that board members sit at different tables and strongly suggest purchasing tikets NOW. We will need to give senior center deposit ($1000) no later than 12-5 for number of meals which is estimated at 100 but if that goal can’t be reached – will reduce to not over purchase. Please plan to help!!!

OTHER:

Program Sponsor payments for 2026 have been received from 8 members.

Deposits made. Invoices and IRS tax donation with EIN number letters have been

sent for use if donor plans to claim deduction amount in 2024.

Finance Report for October 25, 2025

BCF checking Account Balance (10-25-25)      $6,730.85   

October 25 Deposit                                                     148.00

Outstanding Invoice not cleared                420.00  Anchorage Senior Center - September

Split The Pot - $50.00  (Eleanor Andrews donated her winnings back to BCF = $25.00)  Coffee Jar - $48.00   New Member dues - Bill Rome  $50

Thank you letters sent 

                                                                                            2026 Meeting Sponsor Donations in Process:

 Heather Flynn - April Program paid $500 - ($80 additional contribution over the $420 sponsorship request. I plan to hold her check deposit until more payments are made to make a larger deposit to our dedicated program account. As reported to the membership - the advantage of paying before the end of 2025 will be the sponsors ability to claim the charitable contribution on their 2025 taxes.  I will have all invoices and tax exemption documents with EIS number to donors prior to end of year which is an incentive for sponsors early payments. 

Reminder - nominations for board election has closed for members current 30 days prior to November 6.  Candidates will have 2 minutes at the start of the October 30 meeting to introduce themselves and reason(s) why they are running for a board seat. 

Finance Report for October 4, 2025

Hello All - After four different times zones in the past month - my brain and body can't figure it out but I'm on the road to recovery and very happy to be home.  Thanks to Charity, Karl and Kalen for collecting and holding the money from the 9-25 and 10-2 meetings.  My car battery is on its last legs so I won't make the deposit until next week.

   9-25 Coffee Jars = $39.00; Split the Pot 9-25 = $110.00 . Deb Williams donated her share back to BCF - Thank you letter will be sent

  10-2 Coffee Jars = $31.00; Split the Pot 10-2 = $ 45.00 - Linda Cameron donated her share back to BCG - Thank you letter will be sent

Total Deposit will be $225.00 to checking account   Pending Bills to be paid pending approved - ASC September Invoice = $420.00; Vonnie Gaither September Invoice = $150.00 Total = $570.00

I will miss the October 9 meeting due to another commitment but that will be my last known absence for the year (hopefully).  I will send a written report and agenda outline to Karl for the October 30 board meeting and also plan to announce the open dates for program sponsorship in 2026 this month to the membership to review with board if we have a work session on the 15th. January, April, June, August, and December are currently reserved leaving seven months open. The board approved keeping the sponsorship request at the 2025 level of $420.  I would like to firm up and collect the money by end of year to have our meeting cost covered as a budget line item for the new board going forward. 

That's all for now from me.  Take care and enjoy these warmer than usual fall days while we can.  Take care and stay safe. 

Finance Report for September 20, 2025

Business Share   $3,358.11;  Business Checking  $6,940.54;   Gala Share $5.05;  Checking  $11,415.41;  Certificate of Deposit  $15,464.36   Total:  $37,183.47

9-20 deposit  $48 (split-the-pot) Marilyn Russell donated her winning back to BCF; $59 coffee jars; Membership $125 (2 renewals -1 new)  total $232

        Other News

Senior Center Contract/Agreement - 2025-thru 12-31-2026 signed. No change in cost for Thursday meetings at $80 for room rental and $25 for coffee/tea service = $105 weekly

Addition to contract - Work Session room rental = $25 per hour; Monthly board meetings (12) $25 per hour. Technical support will include Logging onto center computer and checking all equipment to ensure it is in good operating condition prior to start of meeting.  Timely notice to center staff if meeting cancelations occur responsibility of BCF.

Treasurer recommended approval based on account balances available for payments. It was critical to move forward on the contracts as approved by center CEO Rebecca Parker prior to her sabbatical absence.

Copies of the contract and letter from BCF with request included in work session packet.

Monthly Program Meeting Sponsorship was highly successful this year and approved to go forward for 2026. Cost remain the same ($420). Benefits/Incentives include IRS nonprofit donation receipt, name(s) printed on flyer with appreciation noted for contribution; opportunity to recommend a speaker of choice during that month, if available and timely; introduction of recommended speaker for that specific meeting.  We have sponsor commitments as follows for 2026  - Eleanor Andrews (Jan); Charity Kadow (April); Gordon Glaser/Kayla Epstein (June); Jewel Jones (August); Charity Kadow (November).  Expected Revenue $5,040.00 will cover 12 month meeting space cost. Yearly membership receipts ($50); split the pot proceeds and coffee jar donations expected to cover incidentals.

Both Cal and I will be absent from the board and program meeting on the 25th.  I will be making a presentation in Atlanta at a conference - back for the October 2nd program meeting.

Kalen and Susan will be taking care of member and guest welcome at the door.  Charity will receive and hold split the pot, coffee jar and membership money which will be deposited after the 10-2 meeting.

Finance Report, September 13, 2025

Current Bank Balances

  Business Checking:    $ 6,708.54

  Business Share       $ 3,358.11

  Gala Acct Checking   $11,415.41

  6 month Cert         $15,464.36

Drafts Cleared in August

Senior Center August Invoice $525.00  Vonnie Gaither $300 ( July and Aug @ $150 each)

Of note - Our long term True North Banker Angela who has worked with BCF regularly is no longer there.  We are still in good hands however, as a few others who are familiar with our accts are still in place.

Updates:

Karl, Ken and I met with Stephanie to review changes to our agreement adding meeting space request for our work sessions and associated cost as presented at the last work session.  No action was taken at that time but will be presented again at the September 17 for action.  Ken reviewed audio and visual issues of concern and will present during his report at the session.

Split the Pot winner at the September 11 meeting was Lee Powelson.  Letter sent thanking him for his portion donated back to BCF.  Three renewing members (Cindy Roberts; Iris Palmer; Karen Atkinson) also sent letters thanking them for continuing membership.

An updated membership list will be sent to Vonnie for meeting notifications. My current count shows 87 paid members eligible to vote at the annual meeting.  We will attempt to show the listing at the next several meetings for additions or corrections.  Thanks to Kalen and Susan for covering the member issues during my absence. 

 Account Balances: August 8, 2025

Business Share:                  $3,358.11

Business Checking              $6,127.92     Invoice paid since previous report -$525.00 (July ASC) - outstanding -$300.00 -Vonnie (June/July payments)

Deposit to acct (8/8)         206.92      Previous beginning balance $6,446.92 - $525.00 = $5,921.92 Deposit $206.92 = $6,127.92 

Gala Checking                  $11,415.41       no change since previous report

Certificate/IRA                  $15,464.36       no change since previous report    Combined balances = $36,365.80

Membership Update

   Teresa Obermeyer (renewal to 12-25);

   Pillow  - is a paid member but name was not listed on membership email.  Vonnie to correct

New Members:

  Gayle Schutt; Julie Schmidt; Sarah Sledge   Visitor requesting to be added to notification email - Bernice J. Davis

During my absence - Kalen has the dues/membership receipt book.  Square credit card reader will be updated when I return.  Cash and checks will work for now. A registration slip and receipt required for joining members. Thank you letters will be updated and sent when i return.

OTHER INFO:

At our work session - I committed to meet with SC staff to obtain a copy of the previous contract outlining cost and for weekly meetings.  Stephanie Rose said there was no "formal document" in her files but she would provide a backdated copy for us.  Because the staff has been very busy in anticipation of Becky leaving on sabbatical - I will get it when I return

I also requested that our work sessions and board meeting dates be added to their calendar to ensure we had a calendared location and time. Although we have been using the Gerardy and Art rooms for meetings - the center requires a $25 dollar per hour inclusion for those dates.   If work sessions are held - they would be in the Gerardy room on September 10; October 15; November 12; and December 10. If possible - we should try to stick to an agenda and limit those sessions to one hour - however, a few minutes over would not be additional but that's a limited commitment.   Our board meetings are scheduled on the 4th Thursdays - September 25; October 30; and November 20th. December is Xmas day and center closed. We will likely not have another board meeting until after the first of the year.  The same hourly cost would apply ($25 per hour) but likely will run longer therefore we would need to budget an additional $150 to $200 thru year end.  If approved - the cost will be added to the monthly invoice and I will notify Stephanie if these dates are used.

Given our current financial position - I believe we can afford these cost and make that recommendation to the board as Treasurer - but asking the board to discuss and approve at the September meeting.  I have sent a recap copy of the conversation to Stephanie and Karl for our records and presentation for your consideration.   ALSO - I asked and received confirmation that the weekly meeting cost would continue at ($80 + $25) = $105 per week.  More good news - tea bags with hot water is included in the current coffee service to begin next week so please check to make sure Milton has this information to be added.  

Program Sponsors Program - 2026

With the agreement that current meeting cost will continue at the same rate, we can begin to consider giving the membership the opportunity to request sponsorship.   We only need 12 for the full month at $420. However, we might want to consider upping the cost to $430-$450.  Many of our regular members love the idea of supporting BCF thru this program and realize $50 per year membership; coffee jars and split the pot revenues do not begin to cover our weekly commitment to ACS.  As such, at lease four members have inquired about signing up asap.   A reminder - the opportunity to support the organization thru sponsorship includes the tax deduction as a nonprofit; being named on the flyer with the speaker for that month; the opportunity to work with the membership/program chair to recommend a speaker of their choice during the month to include introducing the speaker that week.  I think it's a winner and keeps us from going into our savings to cover cost.  Hopefully we can schedule a work session in October to finalize the program going forward.

Please also review the email from Charity with the 2025 year end timeline alert for Board discussion.  It's critical that we adopt the schedule moving forward. Karl and Cal have copies of the thumb drive showing current members minus the three new included in this email.  Before I leave I will try to figure out how to add them. If not, please announce they are paid and will be added to the list.

Take care and stay safe.   See you when I get back but if something comes up - PLEASE text or email me and I'll try to respond quickly.