TREASURER'S REPORT

Fiscal Year 2003

It's a pleasure to again report the financial status of our Rotary RV Fellowship for the fiscal year ending June 30, 2003. As you can see from the balance sheet the RVF remains in excellent financial shape. We have no outstanding obligations as of this report date.

BALANCE SHEET

a/o June 30, 2003

ASSETS:

                                                  Cash in the Bank   $19,748

                                                  Interest for June            8

                                                  TOTAL ASSETS:   $19,756

LIABILITIES:

Highway Safety Program    $6,659

General Fund Reserve         5,000

Members Equity                  8,097

TOTAL LIABILITIES          $19,756

s/Carter A. Wind

Treasurer

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All 2003 Annual Rally expenses have been paid including fees, reimbursements and refunds. The total Rally receipts were $17,256 with documented expenses including cancellations of $15,061 leaving a positive balance of $2,195. Of this balance, $1995 was refunded to registered attendees which left a net rally surplus of $200. This surplus is included in the Asset section of the Balance Sheet.

With respect to the Highway Safety Fund, the $6,659 balance is an increase of $869 over last year. HSP receipts resulted from 2 Eastern Zone rallies of $820, CD orders of $75, the Annual Rally raffle of $372 and a donation from the annual rally registrants of $1,211. The HSP gift this year cost $1,609.