Thursday, August 6, 2009
Annual Trust Meeting
I participated in the annual meeting of the US Chess Trust via conference call today. I was able to get an audit finding of "material weakness" reduced to "significant deficiency", which may still sound bad, but was a major improvement. I was also able to get some alleged "assets" written off, so that our balance sheet reflects reality. I was commended, as Treasurer, for keeping our stock market losses to a minimum. The budget passed as I submitted it without modification. All in all, a good day's work.