(Added to website 9/6/24)
Summary Provided by RFRS Club Member
- August Financials: We’re still in the process of completing them, so updates will follow.
Audit Firm Search
- The search is underway for a new audit firm.
- Campbell will be receiving four companies proposals and will share his recommendations soon.
Charter Updates
- New Charters Adopted for both the finance and Investment committees
- Limitations on social media for committee members have been removed
Title Adjustments
- There was a suggestion to change references from "General Manager" to "COO" in our documents, given Darren's new role.
- $$$$ Mark Eckhardt pointed out: It might be best to hold off on this change, as we don’t yet know how Darren will structure his team.
Moving Accounts
- Mark has opened a Fidelity account for SB2, allowing our operating fund to earn revenue instead of remaining in a savings account.
- This government money market fund is currently yielding close to 5%.
- We are considering moving all of our Schwab accounts to Fidelity.
- Fidelity is easier to work with, and their banking charter allows for smoother fund transfers, which can help maximize earnings.