Posted by Dorothy Tetro
Mr. Rivera – in your blog
on February 25th you have posted a message to “Dottie”. Your heading is followed by a mean spirited
comment addressed to “Dottie”. I am not
sure who Dottie however, inasmuch as you are questioning a withdrawal of
monies from the Reporter checking account, and inasmuch as I – Dorothy – am
still the Treasurer, I want to set your mind at ease.
Your question –
paraphrased -
In June of this year a
transfer of $25,000 from the Reporter account; where did it go and why?
My answer -
As a member of the
Executive Board, I would have anticipated that you would remember the
importance of our adhering to our By-Laws which require ALL of our money to be
FDIC insured. In order to accomplish
this goal, ICS Sweep Accounts were established.
The transaction you cast suspicion upon was merely a transfer of funds
from the operating account to the Sweep account. (A normal business transaction - Editor) And, as a matter of fact, when the Reporter
was short of funds in its’ operating account monies were “swept” back to meet
the needs.
In
addition, this re-allocation of Reporter funds has been documented monthly on
the Cash Balance statement I provide – as Treasurer – to all who attend the
Delegate Assembly meeting on the first Friday of each month. It is part of my regular Treasurers report
and if you would like a copy just let me – Dorothy – know.
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