• BMO Harris o Club checking account o Foundation checking account o Foundation bingo checking account
• Charles Schwab o Legacy account 
  • Investments
  • Cash balance

Overview of Club Day-to-Day Operations

• Income - $18K o Member dues o Meeting meals
• Expenses - $18K o Club administration o Room rental & meals o Club Service activities o Dues – RI & District 6250
• Financial objective o Was – generate income o Is – breakeven & user friendly
• Cash balance – $25K

Summary of Foundation Income

• Objective o Sustainable o Predictable o Prior fiscal year income
• Sources - $51K o Golf outing o McAdow Miles o Good Neighbor Fest o Legacy Fund transfers o Raffle & Happy/Sad Dollars o Rotary District & Global Grants

Summary of Foundation Expenses

• Objective o Breakeven o Boots on the ground o Balanced across committees o Retain for needs during the fiscal year
• Uses - $53K o Community Service projects o International Service projects o Vocational Service projects o Administration
• Balance - $50K

• Foundation Bingo Account - $5K o Separate BMO Harris account o Required by State of Wisconsin
  • Balance to be transferred to Foundation checking account
• Golf Outing - $0K o Ad Hoc operation o John Olsen, Treasurer
  • Operated within Foundation checking account

Schwab Account

• Origin o Was – an “endowment” o Is – Legacy Fund
• Objective o Sustainable o Supporting our causes o Encourage future bequests
• Management Goals o Fund investments o Balanced profile

• Balance - $349K