Santa Rosa Kiwanis Foundation

“Community Service Expense $478”

“Prepaid Deposit - Beginning $0 Prepaid Deposit - Ending $1300”

“Change of accounting period calendar year end, December 31 to fiscal year end September 30.”

“The Santa Rosa Kiwanis Foundation has voted to change its fiscal year end to September 30, starting with January 1, 2023 and ending September 30, 2023. Revenue Procedure 85-88 rules apply. The change was made after discussion to align the Foundation year end with Kiwanis International. Copy of board minutes below.”

“Kiwanis Club of Santa Rosa Recap of Board of Directors- Foundation Meeting December 14, 2023 Present: Officers- Dave Kronberg, Toni Holland, Bill Deedy (left at 6:50 pm,) Cathy Adams, Bob Isaacs; Directors- Terri Ehlinger, Matt Berto, Mari Featherstone, Mary Tomasi-Dubois Absent: Joy Swick Call to Order by President Dave Kronberg at 6:25 pm Secretarys Report: The meeting minutes of November 9th were amended to add: $750 was sent to North Bay Kiwanis as a donation made to the Maui Kiwanis Emergency Fund for their fire victim support. The minutes were unanimously approved. Treasurers Report: The balance for the Foundation accounts ending November 2023 were $46,885.95 in unrestricted funds and $4306.74 in restricted funds in the Memorial Scholarship Fund. Total funds in the Foundation accounts are $51,162.69. A. Bill Deedy recommended that $15,000 be removed out of the Foundation Checking Account to be placed in a Certificate of Deposit (CD) account for one year to take advantage of the higher interest yields. It was moved and seconded to have the treasurer investigate CD and local bank options, and transfer $15,000 from the Foundation account into a one year CD. (Motion approved unanimously) Note- The CD account requires two authorized signatories for transactions. The following officers are authorized to sign on the account: David Kronberg, President; Toni Holland, Vice President; Bill Deedy, Treasurer; Catherine Adams, Secretary. B. Change the Foundation to a September 30th year end FY-Oct 1 to Sept 30th to match Administrative FY. Mari Featherstone recommended that the Board of Directors change the Fiscal Year of the Santa Rosa Kiwanis Foundation to match the Fiscal Year of the Kiwanis Administration. Toni moved, Bill seconded to approve the change of the Fiscal Year of the Santa Rosa Kiwanis Foundation to October 1 to September 30th. (Motion approved unanimously) C. Foundation Budget and Project Funding- Treasurer Bill Deedy reviewed the projected income from Public Support donations and Fundraising events. Projected Net Income of various fundraising efforts was reviewed along with expenses from Community Service activities and donations. It was moved and seconded to approve the proposed 2023-2024 Foundation Budget with the amendment to remove Sees Candy Fundraiser and the Silent Auction Fundraiser. (Motion approved unanimously.) Committee Reports: 1.Community Services: Reading is Fundamental Holiday Book distribution was held at Luther Burbank Elementary on December 13th. The Community Service Award was presented to Mary Anna Maloney, Teacher on Special Assignment. Thank you to Dave, Toni, Bob, Doug and Vikki for attending on behalf of Kiwanis of Santa Rosa. Toys for Tots- children gift collection took place at the December 7th General Meeting. Doug took the unwrapped gifts to the Salvation Army drop off. Salvation Army Bell Ringing, held at Safeway on Mendocino on December 2nd, was considered successful. Shout out to Diane A., Bob, Toni, Mari, Cathy A, Dave, Joy, Doug and Kathy F for your time and efforts that day. Dictionary Distribution and Sponsored Youth and Youth Services reports postponed until January Meeting. 2. Fundraisers: Potential Art & Wine Festival with California Artists Toni H and Mary T provided updates regarding communications with Terry Allie, of California Artists, related to his proposal for a Santa Rosa Art & Wine Festival. After discussion, Toni moved, Mary seconded to authorize California Artists to develop a formal agreement contract with information details and obtain at least 60 Art Exhibitors ($250 each) guaranteeing a minimum of $15,000 to the club. (Motion approved unanimously.) Mary will provide the required agreement to the Metro Chamber of Commerce to secure the Santa Rosa Downtown Square for the October 2024 date. Year End Member Appeal- Dave discussed desire to send out a year end donation appeal letter to members of the club. He will draft a letter to members. Meeting Adjourned around 7:”