FINANCIAL REVIEW COMMITTEE REPORT

AMES GOLDEN K KIWANIS CLUB

APRIL 25, 2014

 

The Financial Review Committee (Larry Trede, chair; Si Silence (unable to attend); and Dennis Keeney; met with Wayne Hagemoser, Treasurer on April 10th to review the financial accounts for the Ames Golden K Kiwanis Club and the Ames Golden K Foundation.  The committee charge was to review the accounts for both organizations for FY13 (October 1, 2012 to September 30, 2013). 

 

AMES GOLDEN K KIWANIS CLUB

FINANCIAL REVIEW, FY13

 

1.      Using the bank statements, check ledger, and September, 2013 Treasurer’s Report to Board of Directors, the committee verified the September 30, 2013 checking account balance of $19,581.10.  The bank statement reconciliation statement agreed with the Treasurer’s Report.

2.      Using the bank statements, deposits slips, and September, 2013 Treasurer’s Report, the committee reviewed all deposits during the month of September, 2013.  All deposits were accurately recorded and reported.

3.      Using the bank statements, check ledger, and Treasurer’s Report, the committee reviewed all checks written during the month of September, 2013.  All checks written were accurately recorded and reported.

 

AMES GOLDEN K FOUNDATION

FINANCIAL REVIEW, FY13

 

 

1.      Using the bank statements, check ledger, and September, 2013 Treasurer’s Report to Board of Directors, the committee verified the September 30, 2013 checking account balance of $1,125.21.  The bank statement reconciliation statement agreed with the Treasurer’s Report.

2.      Using the bank statements, deposits slips, and September, 2013 Treasurer’s Report, the committee reviewed all deposits during the month of September, 2013.  All deposits were accurately recorded and reported.

3.      Using the bank statements, check ledger, and Treasurer’s Report, the committee reviewed all checks written during the month of September, 2013.  All checks written were accurately recorded and reported.

4.      It should be noted that the taxable fiscal year for the Foundation is (January 1 to December 31) which is different than the Golden K Club (October 1 to September 30).

 

The committee wishes to thank Wayne Hagemoser for his diligent and outstanding work as Treasurer for both organizations.  He does a fine job and the accounts, reports, and statements were all in order.

 

Submitted by

 

Larry Trede  (electronic signature)

 

Larry Trede