ARRL Treasurer John Sager, W7JS, reported to the
League board of directors in July that the value of the organization’s
investment portfolio had dropped by 9.2% in the second quarter of 2022 and by
11.1% for the year to date. However, according to the
ARRL Letter (which
did not report on the July board meeting until early September), Sager told the
directors that the portfolio’s value remains higher than it was in 2020 “(after
considering withdrawals for operations).” Chief Financial Officer Diane Middleton,
W2DLM, reassured the board that the League’s balance sheet remains “solid,”
with “healthy cash balances.”
