RPT Quarterly Treasurer's Update - 3rd
Quarter 2011
As per Chairman
Munisteri’s request, Tom Washington (the Assistant RPT Treasurer) and I
would like to take the opportunity to update all of you on the party’s
finances for the last quarter. The SREC met at its quarterly meeting on
9/30/11 & 10/1/11. My report as your Treasurer is the Party’s finances
remain strong and under the Chairman’s leadership, the Party continues to
carry no debt. All of the Party’s bills continue to be paid on time.
Additionally, all regulatory filings have been timely during the last
quarter and the Party continues to be in good standing with the Texas
Ethics Commission and the Federal Elections Commission.
The
following is an excerpt from my October 1, 2011 report to the SREC (as of
8/31/2011):
- Cash
on hand: $ 734,168.30
(does not include prepaid 2012 State Convention
expenses)
- Debt: $0.00
- Increase in fund balances for the 8 months ended
8/31/2011: $71,608.33
(an increase over 4 months of $34,512.28 since
our last report to you)
The Party’s fundraising was below budget as a result of lower
receipts in the area of Direct Mail. The Party did maintain adequate fund
balances to ensure this did not adversely affect party operations,
however, the continued generosity of Texas Republicans is critical to
allow the RPT to strengthen its staffing and by so doing, provide critical
services to our elected officials and Republican challengers during the
upcoming election cycle especially in the area of replacing the current
Administration. Tom Washington and I would like to encourage all grass
roots Republicans to look for the "Raised in Texas, Stays in
Texas" logo on our Party fundraising to ensure your contributions
are staying in Texas.
The
Grassroots Club (by which Republicans can make an automatic monthly,
reoccurring deduction charged to their credit cards) continues to play a
vital role in financing the cost of operating the RPT. As we mentioned
last time, the growth of this club is crucial to the long-term health and
success of our Party. This fundraising tool has the absolute lowest cost
of any we perform (95% of funds donated go directly to the Party). As of
10/26/11 the Club included the membership of 1115 faithful Republicans. If
you haven’t had the opportunity, please follow this link to join today: www.GrassrootsClub.com.
Tom
Mechler Treasurer, Republican Party of
Texas
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