This is what we received in donations and what we paid out but the amount paid
out does not reflect the $500 each year that the Association contributes to
fund 2 scholarships which is what it's been from the start. The extra
scholarships were started from 2014 on at the annual membership meeting after I
,as the current President suggested we start soliciting donations from the
membership and note this on both the membership application and in the
newsletter, as the minutes from the 2014 annual meeting should note. At the
same time, I stated that SMBA should not discontinue their $500 contribution
when we began receiving larger donations ( which I was sure we would), just
because the membership was generous in their donations as it would not be fair
to those donating. The consensus at that time was agreement with this.By my
calculations, the paid out column of the scholarship fund total on this report
should be reduced by $3500/00 because this amount was contributed each year
from 2014 in the form of a $500 contribution to fund 2 scholarships as was done
from the start when we decided to give scholarships, so the current balance in
the scholarship fund at this time should be $4,626.00, not $1,126.00 . I'm not
sure what year SMBA voted to fund 2 scholarships but it was before 2014 and
also before I became President.
I might add that I have presented this argument to both the Board, Jean and
Kristin previously and checking the minutes of all previous meetings should
verify this. This is why we keep minutes, to verify what has happened in the
past and in my opinion , this should be agreed upon now by the Board and
Officers or else we should go back thru the minutes to and including the year
2014 and settle this one last time, get the correct figure and keep the correct
balance from this point on, one way or another.
I'm sorry if my explanation above makes me sound like a know it all. I'm
leaving plenty of room for proving I'm wrong if the minutes of past meetings do
not verify what I recall happened.
Dick
On Thursday, November 5, 2020, 01:32:17 PM EST, Jean Snyder
<jmelsny@xxxxxxxxx> wrote:
| Scholarship Activity as of October 31, 2020 |
| | Actual | |
| | Receipts | Paid Out | Balance |
| | | | |
| 2014 | (1,102.00) | 1,000.00 | (102.00) |
| 2015 | (858.00) | 1,000.00 | 142.00 |
| 2016 | (1,000.00) | 1,000.00 | - |
| 2017 | (1,572.00) | 1,000.00 | (572.00) |
| 2018 | (1,787.00) | 1,750.00 | (37.00) |
| 2019 | (2,144.00) | 1,000.00 | (1,144.00) |
| 2020 | (1,088.00) | 1,675.00 | 587.00 |
| | | | |
| | (9,551.00) | 8,425.00 | (1,126.00) |
