Treasurer’s Report from the July 2014 Business Assembly


This is the first time since I have been treasurer that I can report to you that our prudent reserve is within our bylaw-mandated range of 40 – 60%.  We are currently at 46%.

For those of you who are Green dots or haven’t been here in awhile; for the past 3½ years, our prudent reserve has been in the 70s and 80s.  While your board and Ways $ Means committee have been working diligently to bring our projected income and expenses into balance for the purpose of reducing our too-high prudent reserve, we would prefer to keep it closer to 60%.

So for the first time, I’m asking you to dig a little deeper into your purse or wallet as you make your 7th Tradition contributions in the coming months, in order to make the minimum suggested donation of $3.00 or more.  If you are abstinent today because of OA, think about what your recovery means to you and give as if your life depends on it.  As a program friend of mine is fond of saying, “I owe a debt I can never repay”. Continue reading