2023 Annual Report

Treasurer
Kathy Limbaugh
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As I write this, I am a week out of back surgery and making the slow road back to recovery. I
am happy to report that our financial position is in much better shape than my back! Our cash
position has averaged around $80,000 depending on the time of the year. We’ve hit some
amazing milestones and ‘firsts’ this year:
● There were two open forum financial reviews prior to the 2022 annual meeting, to
provide transparency and discussion of our numbers. I always welcome the input and
dialog.
● The generosity of our membership abounds in our fundraising efforts - we had a record
number of attendees at Santa Fe and also were able to raise over $20,000 from our
auction efforts, which will go towards supporting The FAWCO Foundation, the Target
project and our local grantees.
○ We contributed $8,000 towards the FAWCO Foundation DG and EA grants
○ We have already contributed over $7,000 towards the FAWCO Target Project -
making us an Orchid sponsor
○ We were able to increase our local grant making from $3,000 to $10,000 and
are positioned to provide the same kind of grants in 2023
● To get a better return on our cash, we invested 50% of our cash balance into an
interest bearing short term CD which will allow us to use this money when the time
comes to deliver our grants. We will continue to scan the financial markets to ensure
that our reserves are working in our favor.
I was honored to be put on the slate for the 2024-2025 term and feel that we will continue to
grow as an organization from strength to strength. I look forward to presenting the proposed
budget to you, whether in Nashville or recovering from my home.