Treasurer's Report

March 2019 Report

The months of January, February and March 2019 cost the TSALC quite a lot of money. The question is was it worth it? The answer to that question is YES, the biggest cost came in the month of February since most of the LCCL’S and all of the Board Members made a trip to Washington D.C. and all were paid expenses according to the By-Laws and we also paid everyone 32 Hours of Assignment Pay. I do believe the trip was worth all the money the TSALC paid out since it is very important to go to D.C. to protect our future, it is always good to meet face to face with our Congress men and woman to let them know why it is important to keep Postal Service strong. We all know if it was up to the Post Office there would be no Post Office as we know it. As usual we made a killing on our savings account, just about $4.00 plus this quarter, the Convention Fund did not change and our checking Account is still sound. All Taxes were paid on time and all reports filed on time. My Financial quarterly report will be submitted to the Secretary at end of March 2019 and then everyone can see how much the trip to D.C. cost and as usual it will be broken down so the each Union Member can see how the your money was spent. Hope to see most of you at the 2019 State Convention in Denton. Always remember it is your money and will always have a right the see how it is being spent and my Financial quarterly reports breaks it down 100%.

December 31, 2018

September 30, 2018The state had a very outstand year 2017 – 2018 dealing with our finances and we end the 2018 year (December) on a very good note.  As most of you know the Secretary resigned and the new Secretary is Forrest Sheppard.  Let’s all welcome him and I am sure he will do an excellent job.  As usual the State made a killing on our savings account, the State took in right under $20.00 for 2018, boy does the bank pay a lot of interest, one good note, it is all tax free.  All of the W-2’s have been cut and all of the IRS forms were filed on time just as the LM3 was.  I am sure most of you know the LM3 and 990 (IRS) are file at the end of June and the 941’s are filed each quarter, the 940 (Federal Un-employment Tax) is filed at the end of each calendar year.  The State Un-employment Tax was also filed on time and the TSALC (State Un-employment Tax) is the lowest it can be.  Hope to see a lot of you ate the COP in January 2019.  I hope everyone had a very Merry Christmas and also a Happy New Year.

September 30, 2018

The months of July, August and September were pretty good months dealing with our finances.  Our checkbook balance stayed about the same.  We had a Board Meeting in August and that cost the State as it always does.  A few of the Board Members went to some Branches to push the LCPF which by the way is doing great.  The President of the State went to the National COP in September 2018.  We should end the year on a good note.  The President and Vice-President will be going to El Paso in the month of October LCPF.  As usual we made a killing on our saving account (less than $2.00) but that is how it goes.  Do not forget the COP in January 2019 and from what I know; Marvin (Denton Branch) is doing a great job setting up the 2019 State Convention in June.  I do believe it will be an outstanding State Convention better get your rooms as soon as you can.  All reports have been filed on time and all taxes have also been paid on time.  The program that the State is doing dealing with the branches (LCPF) we all have to thank our Vice-President for pushing this issue very hard and it is working.  I do believe the States Vice-President, Homer has been working very hard dealing with the LCPF and I know this for a fact since I am the Treasurer and Homer and I are always commuting with each since we both have to sign the checks and we always talking about the LCPF.  The end of the year 2018 should end on a good note, we just had another deposit from National this weekend and it will show up on October 1, 2018.  Holp to see a lot of you at the COP and my financial report will be mailed to Kathy on Monday so be looking for it around the second week of October.

Report for the Months of April – June 2018 

This Quarter has been great dealing with our finances, the Savings Account gets a little Tax Free Income each month (Interest) and of course the Convention Fund just stays the same, the Checking Account is doing great we had four deposits from National this quarter.  The State has really been doing an outstanding job getting Letter Carriers signed up in the LCPF (Letter Carrier Political Fund).  Some State Officers have gone to different NALC Branches to talk about the LCPF.  The State has also been paying the LCCLS for turning in their Quarterly Reports.  I believe all the money we have spent going to Branches has been well worth it and the LCCLS are out there dealing with their Representatives and keeping them informed about the USPS.  From what I know, being Treasure, Homer Hernandez (Vice-President) has really been working hard to sign up Letter Carriers in LCPF.  Homer has sign up about 33 Carriers and that means money to National to protect Letter Carriers jobs and our Future.  Any money that the TSALC spends on State Officers and LCCL’S to push the important facts about the USPS to Congress, is money worth being spent.  The State has spending a lot of money since the new program was started, going to Branches to get the word out dealing with Legislation and signing up Carriers (LCPF) and it is working.  Our Books are looking outstanding for the year of July 01, 2017 through June 30, 2018.  Let’s just say we are carrying more over in our checking account then I though we would (the Budget).  The TSALC did not go the D.C. this year and that saved the state some money, we should be going in 2019.

The TSALC is doing great.