1. P resident-Elect TrainingSeminar2016-17 District 7570

2. Jim Ridenour, District Treasurer District Treasurer2016-2017

3. Becausefinancematters.

4. Why should a Club President have to worry about such matters? “The club treasurer takes care of all the financial details for us”, BUT The Club President is ultimately responsible for all matters in the club – to assure that all matters are handled properly and in a timely manner.

5. Rotary International Dues Rotary International Dues Semi-Annual Dues (i.e., twice a year – every six months) Semi-Annual Dues (i.e., twice a year – every six months) (2013 M.O.P. RI Bylaws article. 17): (2013 M.O.P. RI Bylaws article. 17): Dues: $28.00 per member (2016-2017) Dues: $28.00 per member (2016-2017) (10 member minimum & prorated for part year memberships) (10 member minimum & prorated for part year memberships) Rotarian Magazine > $6.00 per member Rotarian Magazine > $6.00 per member ------------------------------------------------------------------------------------------- ------------------------------------------------------------------------------------------- Annual Dues Annual Dues Liability Insurance: $2.80 per member per year (approx). Liability Insurance: $2.80 per member per year (approx). Council on Legislation fee: $1.50 per member per year, payable July 1 Council on Legislation fee: $1.50 per member per year, payable July 1

6. District 7570 Dues One Payment only – Annually One Payment only – Annually $28.00 per member $28.00 per memberplus $50.00 per Club for database/website maintenance fee $50.00 per Club for database/website maintenance fee

7. District 7570 Dues – The Detail District 7570 Dues – The Detail Membership is as of record date September 30 Membership is as of record date September 30 Invoice sent to Club Treasurers November 1 Invoice sent to Club Treasurers November 1 (copy to Presidents and Secretaries) (copy to Presidents and Secretaries) Payment is due in December Payment is due in December ( 5% penalty is added if received after January 1) ( 5% penalty is added if received after January 1) Automatic electronic fund transfer is available. Automatic electronic fund transfer is available.

8. D7570 Electronic Dues Payments - Club Responsibilities D7570 Electronic Dues Payments - Club Responsibilities Complete “Authorization to Collect Dues via electronic Debit” form and secure Club Board of Directors approval. Complete “Authorization to Collect Dues via electronic Debit” form and secure Club Board of Directors approval. President and Treasurer must sign completed form. President and Treasurer must sign completed form. Attach a “voided” check to the completed form. Attach a “voided” check to the completed form. Mail completed form with “voided” check to: Dist. Treas., Mail completed form with “voided” check to: Dist. Treas., Jim Ridenour, 907 Blue Ridge Dr., Staunton, VA 24401 Jim Ridenour, 907 Blue Ridge Dr., Staunton, VA 24401 or email scanned copies to: jimr@cfw.com or email scanned copies to: jimr@cfw.com

9. Electronic Dues Payments –District Responsibilities Electronic Dues Payments –District Responsibilities Send Club Treasurer, copy to President and Secretary, annual invoice for Club on November 1. Send Club Treasurer, copy to President and Secretary, annual invoice for Club on November 1. Send notifications to club President and Treasurer when electronic debit will be charged to the Club’s bank account. Send notifications to club President and Treasurer when electronic debit will be charged to the Club’s bank account. Execute electronic debit to clubs’ bank accounts via District’s banking organization, usually 1 st week of December. Execute electronic debit to clubs’ bank accounts via District’s banking organization, usually 1 st week of December.

10. Current Club Enrollment for EFT. Abingdon Bedford Bluefield BridgewaterBristol Morning Buchanan Buena Vista Christiansburg Clarke County Danville-After Hours Elizabethton Floyd County Forest Giles County Greeneville Morning Johnson City Marion New Market Radford Noon Rocky Mount Russell County Smith Mountain Lake Strasburg Stuart Woodstock Wytheville Morning

11. QUESTIONS?