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IFC February, 2002 Page 2

TREASURERS REPORT

Allan Badner

Again, I am pleased to report that our finances as of January 15th are in very good shape. We have today about $262,869 pesos in the bank, which is enough to keep us in a comfortable balance. Home tour revenues are coming in strong with increased revenues of $56,000 pesos to date over last year.

As of January 15th we have deposited the following:

Bodega Income (car storage) $24,351

Cookbook Sales $35,831

Donations $17,940

Membership Dues $18,021

Home Tours Gross Income $228,531

Bank Interest $5,951

TOTAL INCOME SINCE JUNE
$360,624

As of January 15th we have paid out the following:

Administrative Costs

Accounting Fees; Bodega Rent; Clubhouse Rent and Expenses, Electricity & Phone, Office Salary & Supplies & Equipment, Taxes
$161,408

Community Aid Distributions

C.O.R.A, Food Program and

Rehab Program
$48,500

Education Distributions

Library Stipend and School Project
$130,685

Medical Program Distributions

Cleft Palate Program,

Cruz Roja, Patrocinio and

Regional Hospital Stipend
$191,740

Home Tour Expenses $75,143

TOTAL PAID OUT SINCE

JUNE 1
$607,476

DEFECIT TO DATE $246,851*

*We have spent more than we have taken in so far this year, however, the bulk of our revenue comes in January, February and March and we will no doubt end up in a small surplus plus reserve funds to carry us through the summer months. You must also keep in mind that we went into, this year with a surplus of about $400,000 pesos which we budgeted this year to spend.

All we need now is the necessary volunteers that are essential not only to our fund raising activities but also in helping us direct and distribute the money into the needs of the community. We still need a Publicity Chairperson, and assistant chairpersons and workers for all committees. Give us a little of your time, and you will be rewarded much more than you give.

EDUCATION COMMITTEE REPORT
Tom Wichie

Tel: 224-3097

Email: tmarmex@hotmail.com

Members’ Bus Tour

Interest in this year’s tour has been great! Two busses were filled in short order and, unfortunately, we have had to turn people away. Maybe we should plan more than one tour next year?

TeleSecundaria La Cruz

Our original agreement, with the school’s Parents Association to furnish the labor (and we the materials), has been changed to our furnishing both labor and materials. The parents work 6 days a week, leave and come home in the dark, and have only Sundays off. I am glad our resources can help them.

Kinder at Las Brisas

We got a request from here to replace a pump for the school’s water supply. Also, the Directora asked for supplies for the kids…crayons, scissors, paper, pencils, etc. We are fulfilling both requests. So, keep the school supplies coming in!