San Diego Rotary Club

1

• San Diego Rotary Club 33
• Financial Presentation
• May 1, 2008

2
Bruce A. Hunt, Executive DirectorThe Rotary Club
of San Diego

• The Playbill for Todays Program
• Please hold your applause til the show is over
• Well take questions after the finale
• Handouts are on the tables
• Index cards for questions are on the tables
• Well post all Q As plus the MP3 file of
  todays meeting on our website

3
Bruce A. Hunt, Executive DirectorThe Rotary Club
of San Diego

• What we want you to take away from this meeting
• Club 33 is financially healthy
• Club 33 has a viable business model for its
  future success
• Club 33 has liquid reserves for emergencies and
  endowment funds for income

4
The May 1 Presentation Team

• Suzy Spafford, Secy/Treasurer
• Bruce Blakley, Chair, Audit Finance Comm.
• Stan Hartman, President-elect
• Guy Maddox, Chair, Grotarian Comm.
• Peter Bowie, Chair, Project Allocation Comm.
• Peter Duncan, Chair, Camp Enterprise
• Frank Arrington, Chair, Fund Raising Comm.
• Kevin Ward, Philanthropy Presentation
• Geri Ann Warnke, President
• And thanks to Woody Ledford for offering his
  professional and technical expertise

5
Suzy Spafford, Secy/Treasurer

• Control and oversight of operations
• All checks dual-signed ONLY by President,
  Secy/Treasurer or other authorized signer and ED
• Bank statements received directly from the Bank
  and reviewed by Secy/Treasurer
• Board reviews and approves monthly balance sheet
  and Profit/Loss vs. Budget statement
• Annual review or audit is conducted by outside
  CPA firm

6
Bruce Blakley, ChairAudit Finance Committee

• Purpose of this Meeting
• Present financial information for year ended June
  30, 2007
• Snapshot view as of March 31, 2008
• Inform you about the Clubs business and
  charitable operations

7
Balance Sheet, 6/30/07(In 000s)

• Cash Investments (CDs, etc) 601
• Receivables/other assets 29
• Endowment (SD Foundation) 2,852
• Total Assets 3,482
• Payables/other liabilities 39
• Fund balances 3,443
• Total Liabilities Fund Balances 3,482

8
Endowment Funds, 6/30/07(In 000s)

• Tom Sefton Fund 1,528
• Norm Foster/CE Fund 709
• Club Fund 615
• Total 2,852

9
Endowment Funds Distributions, Year ended
6/30/07(In 000s)

• Sefton (Project Allocation) 64
• Norm Foster (Camp Enterprise) 29
• Club Fund (Project Allocation) 25
• Total 118

10
Income Statement,Year Ended 6/30/07(In 000s)

• Meals assessments 420
• Investment income (accrual) 377
• Dues 201
• Contributions/Other 249
• Total income 1,247
• Meals cost 252
• Program services 277
• G A 284
• Total expenses 813
• Net 434

11
Cash Flow from Operations,Year Ended 6/30/07(In
000s)

• Net income 434
• Less
• Change in Value, SDF Funds (360)
• Add
• SDF distributions received 115
• Net Cash from Operations 188

12
Balance Sheet, 3/31/08(In 000s)

• Cash Investments (CDs, etc) 545
• Receivables/other assets 105
• Endowment (SD Foundation) 2,817
• Total Assets 3,467
• Payables/other liabilities 34
• Fund balances 3,433
• Total Liabilities Fund Balances 3,467

13
Endowment Funds, 3/31/08(In 000s)

• Tom Sefton Fund 1,410
• Norm Foster/CE Fund 654
• Club Endowment Fund 568
• Diana Venable Fund 185
• Total 2,817

14
Income Statement,Nine Months Ending 3/31/08(In
000s)

• Meals assessments 324
• Investment loss (accrual) (114)
• Dues 132
• Contributions/Other 355
• Total income 697
• Meals cost 189
• Program services 261
• G A 255
• Total expenses 706
• Net (9)

15
Stan Hartman, President-Elect

• Membership Categories and Annual Dues
• Active 380
• Senior Active (20 years in Rotary) 250
• Attendance Exemption is Rule of 85
• (Age plus years in Rotary)
• Honorary No Dues
• Military Liaison No Dues
• Rotarian Emeritus No Dues

16
Guy Maddox, ChairGrotarian Committee
When does a Grotarian get to drop the G?
17
Peter Bowie, ChairProject Allocation Committee
18
What Projects Do We Support?

• 4-Way Test Speech Contest
• After School Tennis
• Armed Services YMCA "Christmas You Missed"
• Care Baskets
• Diana Venable Scholarship Fund
• Don't Wait--Vaccinate
• Fish Across the Border
• Holidays at USO at Airport
• Hoover High School Partnership and Interact
• Hoover Model UN teams
• Microbanking, both domestic and international
• Monarch
• Monarch Model UN
• MOST
• Nativity Prep
• Project Aqil
• Rotaract at SDSU
• Rotarians at Work
• Rotary Foundation and GSE

In other words QUITE A FEW!
19
Who is on Project Allocation?

• Amnon Ben-Yehuda
• Bruce Blakley
• Mary Colacicco
• Bink Cook
• George Driver
• Chip Goodwin
• Dick Green
• Bruce Hunt
• Hank Killmar

• Bob Kyle
• Lewis Linson
• Judy McDonald
• Steve Mueller
• Norbert Sanders
• Chris Sichel
• Suzy Spafford
• Dick Sullivan

20
Peter Duncan, ChairCamp Enterprise Committee
Camp Enterprise (Isnt that fully funded?)
21
Cost of Camp Enterprise

• (All numbers are rounded)
• 2007 33,000
• 2008 34,000

22
Disbursements Received, CE Norm Foster Fund

• (All numbers are rounded)
• 2007 27,000
• 2008 31,000

23
Camp Enterprise Underfunding

• (All numbers are rounded)
• 2007 2008
• CE NFF 27,000 31,000
• Camp Cost 33,000 34,000
• (actual to date)
• Shortfall 6,000 3,000

24
2008 Sponsorships,Camp Enterprise

• (All numbers are rounded)
• Projected 6,000
• Actual 10,000
• THANK YOU!!

25
What about Next Year?

• CE Norm Foster Fund
• (All numbers are rounded)
• 6/30/07 709,000 (audited)
• 3/31/08 654,000 (unaudited)

26
How Much is the Camp in Camp Enterprise?

• Cost of Camp Cedar Glen
• 2007 102/student
• 2008 103/student
• 2009 109/student

27
Frank Arrington, ChairFund Raising Committee
Donor Recognition Levels
28
Kevin Ward
William T. Ward Philanthropy and Rotary Club 33
29
Geri Ann Warnke, PresidentThe Rotary Club of San
Diego
30
Your Questions?

• Questions from the Members?