Financial Summary

Rotary Club of Wolfville

Nova Scotia, Canada

Audited 2003 Financial Summary

Posted February 24, 2004

Funds Raised - Fiscal Year 2003 (rounded to nearest $100)

Receipts (net after event expenses)	Amount (CAD)
Fall Auction	$16,000
Spring Gala Dinner/Dance	$14,000
Bike-A-Thon	600
Apple Blossom Duck Race^*	$26,000
Christmas Fruit Cake Sales	$2,500
Miscellaneous Donations	$500
Guatemala Wheelchairs Donations	$1,500
Henk Vanderwal Fund	$1,000
GST Rebate	$900
Interest	$700
Total Receipts	$63,700

^*includes late funds received in 2004 year

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Funds Donated - Fiscal Year 2003 (rounded to nearest $100)

Disbursements	Amount (CAD)
Community Service
Stiles Park	$1,100
Wolfville Interchurch Council	$1,000
Miscellaneous Community Charities	$11,300

Sub-Total	$12,400

International Service
Polio Plus	$3,100
Rotary Foundation	$2,000
Guatemala Textbook Project	$3,800
Foster Parents Plan	$1,100
Miscellaneous International Charities	$700

Sub-Total	$10,700

Vocational Service
Student Achievement Awards	$13,000
Henk Vanderwal Bursary	$2,500
Wolfville School Playground	$1,300
Miscellaneous Vocational Charities	$1,000

Sub-Total	$17,800

Expenses^*
Postage, Fax, Supplies, Insurance	$2,500

Total Disbursements	$43,400

^*expenses represent 6.1% of disbursements

In 2003, the Rotary Club of Wolfville had a surplus of $20,300. These funds, along with other funds accumulated from previous years, were held in trust for the 'Hand to Hand to Help' project which commenced in February 2004. 'Hand to Hand to Help' is a social assistance program in partnership with the Eastern Kings Memorial Hospital Foundation, with help from the Valley Regional Hospital oncology staff, that provides financial assistance to families with a member under treatment for cancer who do not otherwise qualify for other government assistance programs. Contributions to this endowment from the Rotary Club of Wolfville include $20,000 from 2003 and $15,000 from 2002, and are being matched by the Eastern Kings Memorial Hospital Foundation. Contributions for 2004 from both sponsors are expected to be $15,000 each.

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