club finance
| Meeting Date | 06 Dec 2024 |
| Meeting Time | 18:30:00 |
| Location | online |
| Meeting Type | Regular |
| Meeting Topic | club finance |
| Meeting Agenda | plan for future expenses |
| Chief Guest | no |
| Club Members Present | 10 |
| Minutes of Meeting | RCPH Meeting RCPH Urgent Meeting MOM. Date: 6th December 2024 Location: Online Time: 6 pm Agenda: Discuss and find solution for renewing the Rotary Int'l Membership. Attendees: Rotarians Nisrin Badshah, Mohammed Badshah, Shabbir Poonawala, Hemant Murarka, Shabbir Nalwala, Rashida Ansari, Suhail Ansari, Ilyas Hussain, Hema Bellad and Gulu Jagan. Agenda Notes: 1. The termination of the membership by Rotary International was discussed. It was found that since the District Dues were given priority for payment the RI dues got delayed. 2. It was remarked by Rtn. Rashida that we operate hand to mouth every year and this chain has to be broken. We need to create some corpuses say 10K per member or have a fund raiser event. It was decided to discuss this matter immediately in the next meetings. 3. Rtn Nisrin informed that accounts have been provided by the Treasurer, and it will be posted in the group. 4. Rtn. Badshah read out the account statement. To summarise, all the members have paid their last year dues. Which was a revenue of 114'000/- The total expenses were 89'866/- Cash in hand with Treasurer 10'000/- So total amount with the Club is 34'134/- 5. The outstanding dues of USD 721.73 equivalent @ INR 61347/-. So, if the members pay up the next year's dues immediately, we can avoid paying the reinstatement charges of USD 30 + 18% GST per member, if RI payment is done before the 10th December. 6. Most of the members present in the meeting confirmed that they will pay the 2025 dues immediately. In which case Rtn. Shabbir Poonawala will make the NEFT payment tomorrow that is Saturday morning. 7. Rtn. Nisrin will follow up with the members for this payment. 8. It was decided to make personal calls to all members so that at least for the next meeting we have a full quorum. Otherwise as pointed out by Rtn. Badshah it is the same handful of members who attend the regular meetings. 9. Regarding the DG visit, it was decided to hold only a high tea event. 10. The meeting adjourned with a decision to close the RI issues on priority. 11. Rtn Gulu who joined late was apprised about the discussions by Rtn. Nisrin. |