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Beginning balance $3,499.69 <br /> Expenditures $3,431.59 <br /> Ending balance $68.10 <br /> Anticipated expenditures: <br /> We will have to purchase a 15' x 25' flag this year and expect that we will need to purchase one of that size every year. <br /> We were able to have the 15' x 25' flag that we purchased in 2004 repaired by Rose City Awning and thus were able to <br /> use it for a second season. However, the 15' x 25' flag we purchased in December 2006 was not repairable after only one <br /> season. The wind damage that the 15' x 25' flags typically sustain at the top of Skinner Butte lead us to believe that a flag <br /> of this size may be expected to last one season. <br /> Although all but one of 10' x 19' flags that we purchased were made of polyester, we are considering purchasing the more <br /> expensive Tuff Tech flags exclusively only because polyester is even more vulnerable to wind damage than Tuff <br /> Tech. We display the smaller flag during the fall and winter months and want to get at least one full season of use from <br /> each flag. (We already purchase 15' x 25' flags made of Tuff Tech.) <br /> So, here are our anticipated expenditures for 2008, 2009, and 2010. <br /> One US flag, 15' x 25', in 2008 at a cost of $642.26 <br /> One US flag, 10' x 19', in 2009 at a cost of $345.27 <br /> One US flag, 15' x 25', in 2009 at a cost of $642.26 <br /> One US flag, 10' x 19', in 2010 at a cost of $345.27 <br /> One US flag, 15' x 25', in 2010 at a cost of $642.26 <br /> Total for 2008, 2009, and 2010 $2,617.32 <br /> Existing balance from current grant $68.10 <br /> Anticipated costs (not adjusted for inflation) .... $2,549.22 <br /> New grant funds requested $2,650.00 <br /> Thank you again for your time and consideration. <br /> From: Jeff Anderson [mailto:JeffA @ocfl.org] <br /> Sent: Friday, November 16, 2007 5:07 PM <br /> To: ZUCKER Richard <br /> Subject: RE: Veterans Flag Fund <br /> Hello Rick — <br /> Thanks for the update. You're authorized to go ahead and replace the flag as described in your e-mail with the current <br /> fund balance. The next request for funding should include a brief itemized report on the expenditures of the last grant <br /> as well as projected expenditures. <br /> Thanks — <br /> Jeff <br /> Jeff Anderson <br /> Senior Program Officer <br /> The Oregon Community Foundation <br /> 2 <br />