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Treasurer’s Report, November/December 2022 -   -  

Finance Reports Now Due Jan. 1st

During the Leadership Conference several members approached me with questions about VVA’s financial reporting requirements and deadlines. Usually, the reporting process begins in November and is finalized by the Board of Directors at their January meeting. Failure to meet the deadline for filing these reports can result in the suspension of a state council or chapter.

Snowstorms, wildfires, floods, tornadoes, and Covid precautions in 2022 disrupted the normal reporting deadlines for submissions. With that in mind, the deadline for the submission of the financial reports has been extended to January 1, 2023. This means that no state council or chapter will be suspended for delinquent reports until January 2, 2023.

If any state council or chapter is having difficulties completing the reports, please notify VVA’s Director of Finance Anthony Powell. If any state council or chapter is unable to meet the deadline, a written letter or email must be submitted to the VVA Treasurer no later than December 31, 2022.

There is a difference between having questions about completing the Financial Reports and failing to submit the information. Chapters and state councils not reporting on time will still be subject to suspensions.


A big thank you to Finance Committee Chair Dottie Barickman and her hard-working committee. They are developing a series of virtual training opportunities on the VVA budget process and financial reporting guidelines. This joint effort between the Finance Committee and Finance Department is a Budget Prep Workshop designed to help managers prepare and justify their budgets.

The first session was held during the November Board meeting. The presentations should streamline the budget process and take the mystery out of justifying budget requests. Sessions will be recorded and made available to all.

During the April VVA Board of Directors Meeting, Michael Hearn, a partner and investment officer at Genesee Capital Advisors LLC, was reappointed as VVA’s Financial Advisor. He briefed the Board on expectations for the Life Membership Rebate. At this time, payouts will essentially come from the cash reserve fund for 2022 and 2023.

This year is the 40th anniversary of the dedication of the Vietnam Veterans Memorial. VVA sponsored a Massing of the Colors at The Wall, as well as a reception. VVA also hosted the Veterans Day ceremonies at Arlington National Cemetery. Supplemental funding for these activities was authorized by a vote at the April Board of Directors meeting.




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