Oct

30

Posted by : admin | On : October 30, 2009

425 Life Loyal Sigma Chi brothers from Alpha Gamma!

Here is the list

Sign up to be a Life Loyal here

Oct

29

Posted by : admin | On : October 29, 2009

Congrats to my Alpha Gamma brother Ernest L Mazzafferri Jr for making the 09/10 Best Doc in America list, his info can be found here This was in the Nov issue of Columbus Monthly. I remember sitting in the dorms with Ernesto and contemplating our future. Great job Brother!!!

Oct

29

Posted by : admin | On : October 29, 2009

Check out 260 E 15th in Google Maps Street View, pretty cool stuff.

Just in case you have not played with Google Maps, it is simple to use and “street view” allows you to move around the road and get different views, as if you were in your car. Enjoy.

Here is the link to 260 in Bing Maps

Oct

23

Posted by : admin | On : October 23, 2009

Thanks go out to the following brothers for stepping up and helping Alpha Gamma of Sigma Chi House Corporation.

Alumni Name
1 Andy Harper
2 Bill Nuetzling
3 Bob Ward
4 Brian Barth
5 Brian Lignelli
6 Dave Mehaffie
7 Dave Pflaumer
8 Dave Zadnik
9 David Laymon
10 Denny Draeger
11 Dirk Greene
12 Don Fatica
13 Don Simon
14 Eric Black
15 Geoff Korff
16 Greg Callaghan
17 Greg Carman
18 James West
19 Jay Wagner
20 Jim Gibeaut
21 Jim Manning
22 John Baumer
23 John Fairand
24 John Stephen
25 Malcolm Gudis
26 Mark Engert
27 Mark Evans
28 Matt Berry
29 Michael Wenger
30 Premier Estates (Name??)
31 Roger Higley
32 T.A. Ward II
33 Tim Conway
34 Travis Greene
SUBTOTAL DEPOSITED

35 Jamie Wood
36 Jim Taliak
37 Keith Massa
38 Mark Rayburn
39 Marty McCarthy
40 Mike Ward
41 TA Ward Sr.
SUBTOTAL COMMITTED

41 GRAND TOTAL = $5,250.99

Oct

23

Posted by : admin | On : October 23, 2009

Financial report for FY 2008-09:

The bad news:

1) Total cash inflow = $107,262.74
Total cash outflow = ($113,253.93)

Resulting in a ($5,991.19) cash basis operating loss

2) Ended the year with total debt balance = $248,500

3) Ended the year with cash balance = $9,184.65

4) Still repaying debt principal incurred as far back as 1965 (to create 260’s parking lot)

The good news:

1) House Corporation repaid nearly $46,000 of debt principal during the year

2) Made all recurring and non-recurring debt principal and interest payments on time and in-full and is aggressively paying down debt

3) Ended the year with 100% property occupancy (2 per room X 18 rooms)

4) The corporation has a clear picture of its financial position and, while not good, is steadily improving from its terribly grave financial status 5 years ago

Upcoming current FY 2009-10 challenges:

1) Current occupancy rate stands at only 85% (31 tenants). This must improve!

2) Current year projected operating loss = ~($6,600); which is an improvement over the initially projected operating loss of ~($14,400) reported to the board last month. This $7,800 betterment is the result of some near-term capital expenses not materializing as expected and the low-key alumni fundraiser underway at the moment

3) Making sure the corporation doesn’t run out of cash before it can completely pay off its two junior creditors. House Corp.’s primary creditor is the Alpha Gamma of Sigma Chi Endowment Fund, which is how it should be. The AG Endowment Fund was created in the early ’80s to loan funds to the House Corporation and in this respect is doing its job. Once the junior creditors are repaid, the Endowment Fund will be repaid its principal with interest. House Corp. is currently paying interest-only to the Endowment Fund.

In Summary: House Corp. continues to hold its own financially. It needs to carefully watch expenses, improve 260’s occupancy rate, and consider alternative cash inflow opportunities.

Respectfully,
Peter S. Asmar, MBA, CPA
Treasurer – Alpha Gamma of Sigma Chi, Inc.

Oct

17

Posted by : admin | On : October 17, 2009

If you want to stay updated 140 characters at a time, follow us on Twitter

http://twitter.com/osusigs

Oct

17

Posted by : admin | On : October 17, 2009

All brothers who attend the 2009 Homecoming event will recieve a complimentary, limited edition, poster.

 
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