CLUB TREASURER SCHOOL

1
CLUB TREASURER SCHOOL

• Based On
• LCI LA15 (Club officers manual)
• LCI Invoice
• LCI Circulars
• Local authorities Requirements

2
LA15 (EXTRACTS) CLUB FINANCING

• ADMINISTRATIVE BUDGET
• Finances Club operations Income comes
• MOSTLY from CLUB DUES
• ACTIVITES BUDGET
• Finances Clubs Activities Projects
• Income from special fundraising
• projects

3
LA15 (EXTRACTS) CLUB FINANCING

• INCOME FROM CLUBS FUNDRAISING
• PROJECTS CANNOT BE USED TO
• DEFRAY CLUBS ADMIN COSTS.

4
FINANCIAL RESPONSIBILITIES

• Treasurer is responsible for making payment
• for items purchased by the Club, as well as
• District, MD LCI Dues.
• July 07 LCI Invoice
• US19.50 for 6 months per member July 07 to
  December 07
• Jan 08 LCI Invoice
• US19.50 for 6 months per member January 08 to
  June 08

5
FINANCIAL RESPONSIBILITIES

• Treasurer is responsible for making payment
• for items purchased by the Club, as well as
• District, MD LCI Dues.
• Other Invoice LCI
• New member
• Reinstated member
• Club supplies
• Treasurer is to review the statement for accuracy
• submit the statement to BOD for approval.

6
FISCAL RESPONSIBILITIES

• PREPARING BUDGET
• Anticipate revenue income
• Prioritize spending needs
• Monitor budget Club remains SOLVENT
• HANDLING BANKING ISSUES
• Signatories for cheques
• Limit for petty cash
• System for Reimbursement

7
FISCAL RESPONSIBILITIES

• SETTING CLUB DUES
• Sets amount of Club Dues (BOD General member
  to agree)
• Include LCI, District, MD, Foundation Dues
• Club dues are typically collected in advance,
  yearly or 6 monthly.
• Invoices are usually sent to club members
  approximately 10 days before start of the dues
  paying period.

8
LCI/USA PAYMENT

• USA Bank Draft
• Please write Name of Club, at back of draft
• District, LCI Club No. attach perforated LCI
• Invoice slip, Register MAIL.

9
LCI/USA PAYMENT

• T-T (WIRE) Direct from Bank
• Please ask BANK to put District, Name of
• Club LCI No. of Club
• JP Morgan Chase Bank N.A.
• 120 South LaSalle Street
• Chicago, IL, 60603 USA
• Swift Number CHASUS33
• Telex No. 6732667
• Routing ABA 0210-0002-1
• Account No. 105732
• Beneficiary Name International Association
• of Lions Clubs

10
LCI INVOICE

• US19.50 per member for 6 months
• (July 07 to December 07 or January 08 to
• June 08)
• It states the
• NAME OF MEMBERS OF CLUB ALSO CLUB MEMBER LCI
  NUMBER

11
LCI LIONS CLUB WMMR

• PU101 2007/2008
• Treasurers name is to be submitted
• Treasurers CV in Club WMMR
• - Ensure residential email is entered.
• JULY 07
• LCI/USA will mail to you (make sure your
• mailing address in LCI Club WMMR is correct),
• stating your member no. password.

12
LCI LIONS CLUB WMMR

• JULY 07
• You can gain into your Club LCI WMMR. You can
• VIEW only, but cannot alter.
• You can see names No. of pax in your Club.

13
STATUS QUO

• LCI/USA WILL PUT LIONS CLUBS ON
• STATUS QUO
• IF THEY OWE US20 x Number of
• members or US1,000 (WHICHEVER IS
• LESS) for 150 Days (5 months).
• Effective 1st July 07

14
BOARD RULING FOR CREDIT ON DROPPED MEMBERS

• Semi-Annual International Dues are billed on July
  1, 07 and January 1, 08, based on membership
  statistics shown on the MAY 07 mmr (closing 28th
  June 07) November 07 mmr (closing 28th December
  07), since those are the reports on file on the
  billing dates.
• Full 6 months credit will be issued on DROPPED
  members reported on December 07 mmr (closing 28th
  January 08) or June 07 mmr (closing 28th July
  07), provided these reports reach LCI/USA not
  later than the close of the following month (Not
  later than January 31, 08 and July 31, 07).

15
BOARD RULING FOR CREDIT ON DROPPED MEMBERS

• NO CREDIT will be issued on members dropped on
  Report Received after January 31, 08 and July 31,
  07.

16
LOCAL AUTHORITIES REQUIREMENTS

• SINGAPORE
• Lions Club of 10 pax needs to register with
• Registry of Societies, Ministry of Home
• Affairs, is under Societies Act. If a Club
• has S500,000 transactions, the accounts
• must be Audited by Accounting firm.
• Need to submit S.O.A. for July ROS Annual
  Returns.
• Need to submit IRAS (Income Tax)

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LOCAL AUTHORITIES REQUIREMENTS

• MALAYSIA ?
• BRUNEI ?