TREASURER'S REPORT

Fiscal Year 2005

July 1, 2004- June 30, 2005

It's a pleasure to again report the financial status of our Rotary RV Fellowship for the fiscal year ending June 30, 2005. As you can see from the Balance Sheet the RVF remains in an excellent financial position.

BALANCE SHEET

a/o June 30, 2005

ASSETS:

                        Cash in the Bank                                                        $38,691

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LIABILITIES:

                         *Chicago Rally                                   $11,166 

OWNERSHIP:

                        **Highway Safety Fund  $8,673

                          Reserve                          5,000

                          Members Equity           13,852

                                                                                    $27,525                                  

                        Total Liabilities and Ownership                                   $38,691

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*Our total liability is with the Chicago Rally in the amount of $11,166. This includes an allowance for any late expenses as well as attendees refunds.  No OWNERSHIP  funds are expected to be needed. After any late expenses are paid and refunds are disbursed the balance will be transferred to the Members Equity.

** The HSF contribution for 2005 has been paid. The amount shown is free and clear.

Note:  As a matter of information the total Chicago Rally receipts were $97,374 with expenses totaling $86,208 leaving a current balance as shown of $11,166.