TREASURER'S REPORT

Fiscal Year 2004

July 1, 2003 - June 30, 2004

It's a pleasure to again report the financial status of our Rotary RV Fellowship for the fiscal year ending June 30, 2004. As you can see from the Balance Sheet the RVF remains in an excellent financial position.

BALANCE SHEET

a/o June 30, 2004

ASSETS:

Cash in the Bank   $28,915

Interest for June               9

                                                        TOTAL ASSETS:  $28,924

LIABILITIES:

   Highway Safety Program    $8,879 *

General Fund Reserve         5,000

                                                  Members Equity                    9,460

                                                  Rally refunds/Expenses        5,585 **

TOTAL LIABILITIES         $28,924

s/Carter A. Wind

Treasurer     

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* With respect to the Highway Safety Fund, the cost of the equipment donated at the rally in Jackson, WY remains payable. It is estimated to be $2,000 which will leave a balance of $6,879. This is almost the same as the year end total for 2003.

** The total Rally receipts were $26,474 with expenses, including refunds, amounting to $26,075 leaving a positive balance of $399. The expenses shown above were still pending as of June,30, 2004. (They were paid in July 2004). They are included in the $28,924 figure.  . 

The Members Equity (General Operating Fund) of $9460 represents an increase of $1,363 over 2003. The General Fund Reserve remains the same. We remain in sound fiscal condition with every expectation of maintaining this position in the future.