Treasurer

Hello all --

The checking account balance as of November 30, 2012 was $6,250.41

The Money Market account balance as of July 31, 2012 was $23,578.73

Financial reports are attached.

Rachel

Investments

As of November 30, the Vanguard account balance was $92,079.93, which is an increase of 13.68% from the November 30, 2011 balance of $80,995.44 and an increase of 24.42% over the initial balance (on April 22, 2008) of $74,000.

The fund will pay a quarterly dividend in late December, which I expect will be between $600 and $700.

Regards,

Andrew Koenig