Message from Foundation Treasurer William Butler

 Aloha All

Attached are the results of the Foundation.  We put $92,000 into local community activities, including $25,000 to Youth Services, $20,000 to the Rotary Park in the Kilauea Park, and $10,000 shown under Professional Services for architectural services for the Kupuna pavilion in Princeville, and $6,000 for the" Hanalei Bucks” program.  Most of the expenses were for dedicated accounts.  (International Services, Vocational Services, Community Services, Environmental Services, Youth Services, Next Generations, Club Services, and Community Emergency Responses.)

Bill Schilling was a powerhouse fund raiser for the Fit Lot and Kupuna Park.  He raised well in excess of $200,000.  I am sure we are all aware of the dramatic supply and inflation events we are currently experiencing.  Further construction scheduling is currently more expensive than normal.  It is our hope that the falling commodity prices being experienced this month on the mainland may result in some easing of prices when they finally are felt in Kauai.

Joy has done a fantastic job preparing for next years activities by raising over $20,000 in unrestricted funds for next year.  Please note, on the Statement of Financial Condition the Club left $17,445.16 unspent of this past years budget.  I propose this unspent amount be rolled over to be available for spending this next  year.  This would make available to the club $37,000.This would make available the $36,000 requested by the Club Board of Directors and attached below.  

The Budget was past unanimously.  

Thank you all.

William Butler

Treasurer

Rotary Club of Hanalei Bay Foundation