financial matters ron ferrill, district treasurer 2013 pets 2013 district 7570 dtts
DESCRIPTION
Why should a Club President have to worry about such matters? “There is a Treasurer who takes care of all financial details”, but Club President is ultimately responsible for all matters in the club – to assure that all matters are handled properly and in a timely manner 2013 District 7570 DTTSTRANSCRIPT
Financial Matters
Ron Ferrill, District Treasurer2013 PETS
2013 District 7570 DTTS
Clubs in D7570 need to tend to financial
requirements
2013 District 7570 DTTS
Why should a Club President have
to worry about such matters? •“There is a Treasurer who takes care of all financial details”, but•Club President is ultimately responsible for all matters in the club – to assure that all matters are handled properly and in a timely manner
2013 District 7570 DTTS
Two Areas of Focus
• Rotary International• District 7570
2013 District 7570 DTTS
Rotary International
•Semi-Annual Dues (i.e. twice a year – every six months)•Components (2010 MOP RI Bylaws art. 17):
• Dues > $26.50 per member [note: - 10 member minimum]
- prorated for part year ]
• Rotarian Magazine > $6.00 per member• Liability Insurance > variable rate for clubs $0.11 per member for Martinsville RC• Council on Legislation fee > $1 per member per year,
payable July 1
2013 District 7570 DTTS
Rotary International•Other considerations– Membership as of June 1 & December 1– Payments due July 1 & January 1– Methods to pay:
•Invoice mailed to club secretary, develop worksheet, mail in worksheet with check, or
•Go to www.rotary.org (member access)–assure accuracy of roll & review invoice–Pay on line by credit card or–Print invoice and mail, with check–mail in worksheet
2013 District 7570 DTTS
District 7570 •One payment > $23 per member plus • $35 per club for database/website maintenance fee
No connection with RI Semi Annual Dues
2013 District 7570 DTTS
District 7570 •Procedure:
•Membership as of September 30•Invoice to club Treasurers by November 1 (Pmail) – copy
to Presidents and Secretaries•Payment due December 1•If payment not received by January 1, 5% penalty added•Auto debit option available
2013 District 7570 DTTS
• Rotary District 7570 Enrollment of
Clubs in Electronic Dues Payments Club Responsibilities:
1. Complete “Authorization to Collect Dues via electronic Debit” formand secure Club Board of Directors approval
2. President and Treasurer must sign completed “Authorization to Collect Dues via Electronic Debit” form
3. Attach a “voided” check or deposit ticket to the completed form 4. Mail or email completed form “voided” check or deposit
ticket to the District Treasurer:
Ron Ferrill 917 Hunting Ridge RoadTreasurer – District 7570 Martinsville, VA 24112-5619
Email:
2013 District 7570 DTTS
Electronic Dues Payments (cont)Club Responsibilities: (cont)6. Club Treasurer to maintain a copy of transmitted form for Club files.7. Club to make certain funds are in account to be electronically debited on or before December 1st.8. “Authorization to Collect Dues via Electronic Debit” instruction will remain in force until Club rescinds the authorization.9. New form must be completed and transmitted whenever Club changes bank accounts - inform District Treasurer whenever banking accounts change.
District Responsibilities:11. Send Club President, Secretary, and Treasurer annual invoice for Club Dues in October.12. Send notifications to Club President and Treasurer when electronic debit will be charged to the Club’s bank account. 13. Execute electronic debits to Clubs’ bank accounts via District’s banking organization.14. Follow up with Clubs that have insufficient funds to cover electronic debit.
2013 District 7570 DTTS
Club Enrollment To DateRichlands Buchanan Russell CountyWytheville Morning Bluefield WoodstockBristol Morning Clarke CountyNew MarketFloyd County Johnson City Radford NoonRocky Mount Woodstock Buena VistaGreeneville Morning Strasburg ForestAbingdon BedfordBridgewater
Buchanan
Questions?
2013 District 7570 DTTS