Funding applications were approved at the Directors Meeting on 8 February as follows: Harry McGlade - Outward Bound - $2500 Waitangi Trust - Performing Artist expenses $1000 Life Education Bus - Approx $500 Te Anau Bowling Club Lawn Project - $10,000 Chip Van Gross Income for the summer (excluding Waitangi Day) = $25,671 Less Expenses of just under $10,000 and capitalised renovation expenses of $13,255 Leaves a small but healthy net profit for the year of approx $2000. Well done to everyone who worked and supported the Chip Van over the summer - the new renovations and signage on the van, plus the fabulous weather at every event has contributed to a very successful, financial year. Foundation/Polio Annual Donation This month we are contributing $5850 ($150 per member) to Rotary International being our annual commitment to Foundation. I implore all members to understand that the Club should actively work on District Grants that can bring this money back into our region. If we don't apply for Grants for Projects then we basically give this money to other Clubs, so we should all be encouraged to come up with ideas to support these annual District and even international grants. Summary of Trust Money $37,202.54 on Term Deposit After this months expenses and donations, approx $16,00 still remains in our Trust cheque account.
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