Trust Fund Report

Lenny stated that the Charlotte 88 funds rose by 8.11%. He stated the amount in that account.

The endowments after 2008 have risen and are drawing interest. He stated the amount in the income account .

Each year it pays for the DSA awards and the AA awards.

He stated the original amount that was put in for the youth scholarship and said that it has grown since then.

There have been a few gifts, but most of the money comes from the silent auction.

We pay for 3 scholarship out of that account.

The money market account is being maintained by Becky.

All the statements for Dale Smith for taxes have been turned in.

We have cash on hand that can be liquidated if needed.

Lenny commended the South Central district for their smart budgeting.

Please see a board member for details on funds.