Shipmates,

The Association is in good financial standing. A break-down follows:

                        Life Members fund =   $1,450.94

                        Scholarship fund =             $0.00

                        Reunion fund    =         $3,810.75

                        General fund =                $561.64

                        In the Check book =     $5,823.33

                     Three CDs for a total of $35,356.90

The Association is holding a total of $41,180.23

Mailed two checks to AMS for our scholarship fund as follows:

$5,438.00 membership donations

$10,000.00 from CDR Frank McGayhey bequest

Membership = 278

            Life Members = 258

            Dues paying Members =20

For a total of 278 members, 228 receive the Aerograph via email, 15 via snail, and 1 via the WEB. 34 members have no current email or home address on file, obviously not active.

S/T Tom Miovas

The conclusion to my second term as your Secretary Treasurer is coming to an end. Cap Casperson will be taking up the torch as your Secretary Treasurer.    Cap if you have any questions, you have my number. With Cap the association will be in good hands.

Now onto my last report.

The Association in financial in good standing. A breakdown follows:

                                General fund =          $  954.93

                                Life Members fund = $1450.94

                                Scholarship fund =    $  438.00

                                Reunion fund =         $ 3810.75

                                In the Check book = $6654.62

                Three CD for a total of $35354.43

The Association is holding a total of $40,009.05

Membership = 282

                Life Members = 260

                Dues paying Members =22

For a total of 282 members, 229 receive the Aerograph via email, and 16 via snail mail and one via the WEB. 34 members have no email addresses or home addresses even though they are in the files as members, obviously not active.

Greetings Shipmates!

The following is a breakdown of our current membership and finances.

Membership = 307 members, breakdown is:

     238 members receive the Aerograph via email

     15 members receive the Aerograph via snail mail, 

      54 members have no home address or email address on file. These members are life members          who have moved and not forwarded a new address or updated their email address.

      17 members are dues paying members

       236 members are Life Members

Finances:

                       Check book = $6,654.55, breakdown:

                       General fund = $785.53

                       Life members fund = $1198.84

                       Scholarship fund = $413.00

                       Reunion fund = $4,257.18

                       We hold 3 CDs combined value = $35,353.32

I will be turning 87 this year and the Miovas household is beginning to have a few medical problems. I would like to have a new S/T relieve me while I still can help with the turnover.

Finances

                  Check book = $6,301.88 breakdown is

                   General fund = $656.01

                   Life members fund = $995.69

                   Scholarship fund = $393.00

                   Reunion fund = $4,257.18