Treasurer’s Report – 2019-20 Club Operating Budget

Dear Fellow Rotarians:

The Club 31 Budget for 2019-2020 has been approved by your Board of Directors.  Incoming President Jim Johnston undertook most of the budget preparation responsibilities, which ordinarily fall to the Club Treasurer.  Please extend your thanks to President Jim for his efforts, which were considerable and saved the rest of us a great deal of time!

After considerable analysis and discussions, the Board decided that a broad dues increase was unnecessary, but rather that it was appropriate to make an adjustment to equalize Active Exempt and Leave of Absence dues with Active Evening dues.  Both of these dues categories were recommended for an increase to $175/quarter (an increase of $25/Q), effective July 1, 2019, equal to the current dues of the Active Evening group.  The analysis simply did not support a dues differential among these three dues categories since all are basically intended to cover Club 31’s overhead expenses.  Active Ordinary dues were recommended to remain at $365/quarter.

At our regular meeting on June 27, 2019, the membership of Club 31 approved this adjustment of dues.

For any members who qualify to change their dues structure from Active Ordinary (AO) to Active Exempt (AE), it is our Club policy that such a change can only be considered annually at the beginning of each fiscal year.  To qualify, the sum of the member’s age plus years of Rotary membership must equal 75 or more.  Therefore for the 2019-2020 year, any related requests to change from AO to AE  must be received at the Club office by July 31, 2019.  As a reminder, AO dues include all meals, whereas AE dues require all meals, generally at $25 each, to be paid separately at each event attended.

The Rotary Club of Denver’s 2018-2019 Board of Directors sincerely appreciates your support of its decision to make this dues adjustment and for your continuing support generally.

Yours in Rotary,

Seth Patterson
Club Treasurer