From: Paul McClenon <Plutocat@verizon.net>
Sent: Tuesday, March 06, 2012 6:25 AM
To: Carol Livaditis; Cass & Tom Baisden; Clara McClenon;
DWM_42@hotmail.com; Jean-Michel Giraud ; KatherineClark@cox.net;
McClenon@mail.utexas.edu; Patience Musingarimi; Paul McClenon;
RGSCarol@hotmail.com; Robert.McClenon@verizon.net
Subject: February Treasurer's Report
Categories: Fund Action
The Walter H. McClenon Fund, Inc.
Treasurer’s
Report, 29th of February 2012
Financial Summary by Endowment
GENERAL
SPECIAL COMBINED
INCOME From:
Interest on
cash
$ 0.08
$ 0.02
$ 0.10
Distrib. by Mutual
Funds
18.98
-----
18.98
Dividends from Corp. Stock
196.55
92.95
289.50
Total Regular
Income $
215.61 $
92.97 $ 308.58
Contributions
received
10.43
10.42
20.85
TOTAL INCOME
$ 226.04 $
103.39 $ 329.43
EXPENSES:
Administrative
expenses
$ 10.43 $
10.42 $ 20.85
Awards
authorized
-----
-----
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TOTAL
EXPENSES
$10.43 $
10.42 $ 20.85
NET INCOME,
Two Months $
215.61 $
92.97 $ 308.58
ASSETS:
Cash
$ 3,356.88 $
2,293.75 $ 5,650.63
Mutual
Funds
24,855.17
63,169.27 88.024.44
Corporate
Stock
15,029.34
17,747.09 32,776.43
Total
Assets Net Worth) $ 43,241.39 $
83,210.11 $ 126,451.50
Report prepared by
Paul McClenon, treasurer
6th of March 20012
What should we contribute in March
2012?
Our income in 2012 will be based on the beliefs of the directors of the funds
in which we have investments. In 2011 the General Endowment had
investment income of $1,361, and it authorized $1,350 in cash awards to
beneficiaries. It now has over $3,000 in cash, and I expect that we’ll
authorize a new investment in response to advice from the investment committee.
I suggest that we plan for contributions of about $1,000, at about $250 per
quarter. The Special Endowment had investment income in 2011 of $1,946.
Our tax situation will, again probably suggest that we should contribute about
$4,000. (I think that we can expect, again, to received capital contributions
enough to support that level.
PRMcC