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Finance Committee Report
Marc Peterson chairman                     Ph # (507)364-5539

October 20, 1999

The current members of the finance committee are Tom Hone, Charles Richter, Bill Boyle, Charles Marston, Ned Pilling, Bob Davis, Sr., Bob Davis, Jr., Don Case and Marc Peterson. Anyone wishing to join the finance committee or present an item to the committee is invited to attend the next committee meeting on Nov 2^nd , 6:30 PM at the Lodge Hall in Shakopee.

After reviewing the projected income for the coming year, the finance committee has proposed to establish a fixed expense endowment fund. The interest income derived from this fund would cover lodge rent, maintenance, cleaning, telephone, insurance and office supplies. This would allow the income derived from dues and current project income (Montgomery Kolacky Days and Chaska Flower Sales) to be used for committee budgeting.

Each of the functioning committees has been asked to submit a budget proposal for the upcoming year. Each committee is also requested to submit a mission statement and brief description of their activities and goals, so we can start planning. We are asking for a draft proposal by the first meeting in Nov. if possible, but no later than the November breakfast meeting.

The Finance Committee also is looking into more diverse investment possibilities. Charles Richter is head of this sub-committee. Anyone wishing to contribute suggestions should contact Brother Richter.

The actual budget figures will be discussed at the regular stated meeting, Any brother not able to attend the meeting and wishing to get a copy of the figures should contact a member of the finance committee .