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Treasurer’s Report, March/April 2024 -   -  

A Commitment to VVA's Longevity and Legacy

As we move beyond the January Board of Directors and National committee meetings, I find myself reflecting on the unexpected challenges posed by a severe ice and snowstorm in Huntsville, Alabama, which grounded all flights and momentarily hindered my travel plans. Despite these obstacles, I remained connected with the VVA Finance Committee and Board of Directors electronically, ensuring our fiscal responsibilities remained uninterrupted.

I’m pleased to report the FY 2025 Budget was approved as recommended. This balanced budget underpins the operations of the National Office and marks the establishment of two critical funds: the Dissolution Fund and the Legacy Program Fund for Fiscal Year 2025. We allocated $1 million to each from our standing reserve investment account. This decision reflects prudent financial planning and the Officers’ and Board’s commitment to the organization’s longevity and legacy.

Our portfolio, expertly managed by Michael Hearn, remains in a robust state. Our conservative investment approach, coupled with a strategic cash reserve, positions us well against market fluctuations, while still yielding commendable returns. The fiscal measures set for FY 2025, as endorsed at the Convention, are on track for timely implementation and success.

The four National Officers, maintaining regular dialogue, convened in Silver Spring in February to strategize on VVA’s operational directives. We addressed the forthcoming National Leadership Conference, contract updates, recent amendments to VVA employment policies, and several other pressing matters, ensuring our alignment and readiness for the challenges ahead.

In line with our duties, I have addressed many inquiries from members, state council presidents, and other VVA leaders. This national election year calls for heightened vigilance and proactive engagement with state and national officials, both elected and appointed. Our collective efforts are paramount in advocating for the rights and interests of Vietnam War veterans and the broader veterans community.

My interactions with members of Congress, bolstered by my role as an elected member of the Alabama State Board of Education, exemplify our organization’s active participation in shaping policies at different governmental levels. I encourage all members to leverage your contacts and associations in support of our cause.

Our dedication to the welfare and recognition of Vietnam War veterans—and all other veterans—remains unwavering. As we navigate the complexities of the current political landscape, our resolve to advocate for veterans’ needs and interests is stronger than ever. Let us continue to work together, fostering a community that honors their service and sacrifices.




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