Although we were away from Rotary for a few weeks over the holiday period, its been a busy time in the Treasury department!
The Chip Van has been busy, lots of money coming in (and going out!) but its lining up to be a bumper season - our last event is at Easter so I will report soon after with the final net profit for the season on that.
Also money has come in and gone out for the New Years Eve activities - Shayne has yet again surpassed himself with all the work involved in making this year a massive success. We are now in the process of reporting back to those entities that provided funding with proof of the expenditure via bank statements etc etc - as I say, a lot of work for Shayne, so well done for all the behind the scenes work involved.
We supported a RYLA Candidate from another club so that was $900 well spent - regardless that they were not from our Club.
Following my email regarding our support to Cycle Gabrielle, I did not receive one negative response to my request for members support, so we have just sent $5000 to RNZWCS (Rotary NZ World Community Service) who are the official Rotary entity that handles relief all over the world for such events - who would have thought it would have been support for our own country!
Finally, we are about to send $6000 to Rotary Foundation, being our annual contribution to support foundation and polio. This is where the money from our Tankard (now being invoice) goes towards each year.
Our accounts are healthy - too healthy!!! We have $53,000 on term deposit, $17,500 in our Trust account as well as $6388 in our Club account - as of 2 March.
My view is that having a healthy bank account is not what Rotary is about - we raise money to support our local community so keeping in our bank is not ideal. So lets all work together to put that money bank into the community, this means ideas please where we should invest.
My next big job is to invoice all the advertisers of the Community Phone book that is about to be distributed - which will give us even more money to put in the bank ..... so again, thoughts and ideas how we should redistribute this money.
Until next month, thanks for your continued prompt payments - the new accounting system is working really well and most people have now got the hang of checking which account to pay their money into!!
Treasurer Jane