Burlington, NC, Rotary Club

Minutes of Board Meeting

July 13, 2006

Attendees:

Board Members—Dave Turnage, Don Chaplin, Al Spinks, Dick Fisher, Charlie LeGrand, Doug Wilson, Phil Mann, Henry Sink

Non-board Members—Jim Stiles

Absent:

Board Members—Avery Wagoner

President’s Report:

New District Governor, Mitzi Ellis, will visit our club August 14, 2006.

Secretary’s Report:

The minutes of the last meeting were corrected and approved as corrected.

Treasurer’s Report:

Phil Mann gave a report on last year’s results and next year’s budget. A copy of each report is below.

Common Fundraising effort by several clubs:

Doug Wilson attended last Thursday meeting of the Graham Club along with District Governor Mitzi Ellis. One item of interest that was discussed at the meeting was possibilities of several clubs combining their efforts toward a fundraiser.

Misc. Items:

President Turnage asked that we work toward board meetings on 3^rd Tuesdays of each month at 7 pm. [Afterwards, it was pointed out that for at least one board member, the 3^rd Tuesday was a problem]

Next board meeting will be held Tuesday, Aug. 15, 2006, at Dick Fisher’s office.

Al Spinks, Secretary

Burlington Rotary Club

July 20, 2006

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Budget for Period 7/01/05 to 6/30/06 & Financial Statement as of June 30, 2006

Burlington Rotary Club 24 Members (Dues/member: $680.00)

Expenses Spent Last Year Proposed Spent/Paid7/1/05 to 6/30/06

R.I. Dues 1,523.15 1,573.20 (0.00) 1,492.59

District Dues 810.00 720.00 (0.00) 720.00

Scholarships 2,500.00 2,500.00 2,500.00

Meals 6,983.00 (1000.00) 9,000.00 =20X45X$10.00 7,490.22

For 8 mo=$ 609.00/mo ^ Includes 1203.07 for Dec. Party

PHF 900.00 1,000.00 (Mem#703009) 1,000.00

RIF 3,535.82 2,300.00 2,195.77+229.27 = 2,425.04

$229.27 was for printing of Bookmarks

Conf/Reg/PETS 1,357.00 1,000.00 456.00

Web Site

Domain Fee 38.00 38.00 NC

Internet Access 131.40 Jan to Jan 131.40 Pd for year 127.06*

* Reflects 5% Discount

Post Master 38.00 38.00 38.00

Supplies/Pens 42.23 50.00 279.47*

Printing 9.80 50.00 29.72

Pins/Awards/Plaques 227.41 400.00 415.37

Charity 5,000.00 00.00 WestMid Sch 100.00

Added Charity TimesNewsBee 333.34

Tsunami Relief 950.00

Katrina Relief 0

Memorials/Miscellaneous 400.00 350.00*

19,200.60 17,756.81

Information - Budget for 2004-05: $19,972.00

Assets (Including estimated $111.78* net income.)

Bank Balance July 1, 2005 $6,125.32 June 30, 2006 5,126.80

BOA Savings 3,436.72 May 31, 2006 3,446.75 8,573.55

Due by 7/20/2006 1. PHF-$1,000 2. Scholarships- $2,500 3. Meals- $700

4. RI Dues- 815.76 5. District Dues- 320.00 = 5,335.76

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Proposed Budget 7/01/2006 to 6/30/2007 & Financial Statement as of July 15, 2006

Burlington Rotary Club 24 Members (Dues/Member: $680.00/yr. $146.00 to charity.)

Expenses Spent Last Year Proposed Spent/Paid 7/01/06 to 7/15/06

R.I. Dues 1,492.59 1,631.52 815.76

District Dues 720.00 720.00*

Scholarships 2,500.00 2,500.00

Meals 7,490.22 8,604.00 (9.56 X 45 X 20=8,604.00)

Gratuity 25.00 900.00 (20 X 45 = 900.00)

PHF (Charity) 1,000.00 1,000.00

RIF (Charity) 2,425.04 2,500.00

Charity 433.34 399.48* Total charity obligation

Is $3,604.00 (24X146.00)

Conf/Reg/PETS 456.00 500.00

Web Internet Access 127.06 127.06

P. O. Box 38.00 38.00

Supplies/Stamps/Pens 279.47 300.00

Printing 29.72 30.00

Plaques/Pins 415.37 400.00

Memorials 300.00 300.00

Miscellaneous 25.00 50.00

Totals 17,756.81 20,000.00

Assets

Bank Balance July 1, 2006 $5,125.80

BOA Savings May 31, 2006 3,447.75

Total $8,573.55 8,573.55

Income (Anticipated) 1. $170X4X 22 = 14,960.00

2. $36.50X4X 2 = 292.00

3. Queens 200.00

4. RIF PTA Support 600.00

5. RIF Fdn. Support 500.00

Total $16,552.00 16,552.00

Grand Total $25,125.55

Less $170X7(1^st Q Dues pd.a.7/01): -1,190.00

23,935.55

Information Individual gifts to Rotary Foundation are not budget items, just a passthru.