CLASS FINANCES
This page provides information regarding the financial affairs of the Class other than those concerning our Chair in Naval Heritage which is managed by the Foundation. Reports of that account are published on a sub-page, “Chair Correspondence Received” , under “Chair in Naval Heritage”. Any questions should be referred to either The Prez or to Bob Crouch who serves as our auditor.
A Report from our Treasurer, Don Regenhardt:
The report for our Fiscal Year 2025, July 1 2024 through June 30 2025, is attached. My goal is to distribute it in October following the close of the fiscal year, but several factors caused a delay this year, among them my tendency to avoid the task.
Following my request to the Alumni Association and Foundation finance staff to investigate how our fall of 2004 $4,000 deposit to the Graduate Hotel was accounted for in their billing, we received a check from the Graduate for $ 12,836.45. Since the Graduate check included no explanation for the amount refunded, I have asked the AA &F financial staff to look into the basis for the Graduate Hotel check.
The figures in this report reflect the Graduate Hotel check noted above, but they should not be considered final until I hear back from the AA&F financial staff.
The class treasurer maintains monthly statements from the Navy Federal Credit Union, along with a checkbook and related correspondence in folders for each fiscal year along with an Excel spreadsheet for our NFCU account. The status of our Alumni Association account is obtained by requests to the USNA AA&F financial staff.
Don Regenhardt
Treasurer