The Board of Directors has approved a revised club budget and a revised Spending Plan for our Club’s Foundation. These are two of the “buckets” of money over which we have local control.
The Club budget, all $50,120, concerns itself with items involved with the day-to-day or week-to-week running of the club. The income portion recognizes such items as our Club Dues, Happy/Sad Dollars, Marble Draw, payments for meals and Miscellaneous Donations Received.
The Expenses of our club include a long list of items, many related to the income, such as Cost of Meals, our District and International Dues, and Marble Draw prize money. Other expenses cover our contributions to the Downtown Campbell Business Association, Chamber of Commerce, Contributions to the RI Rose Bowl Float, the Speech Contest, District and International Conferences, along with such mundane costs as printing, postage, web hosting, and, of course, taxes.
The 2014-2015 Spending Plan covers our charitable projects and expenses. We intentionally did not allocate all available funds because we know that new and important projects or charitable giving opportunities can come up during the year and we did not want to have our hands tied by a depleted giving fund for the year.
If you have any questions, please contact a board member or President John Shannon.