The Colorado Lions Foundation Board has worked very hard this past year with dedication to further the foundation original goal to benefit the clubs of MD 6 and the communities which they serve. A listing of the items developed or changed are:
• Rule of Audit policy (same amounts as MD6)
• Has agreed to a new lease with the Colorado Lions Camp
• Developed an Emergency grant request process and application.
The CLF board will be working on several critical items in the following year.
• A contribution form for donations to the CLF. We need more clarification as to where the donor want’s the fund to go.
• Work with other clubs that would like to take advantage of investing their excess funds. Develop a deposit form for this purpose.
• Develop the Parade of Checks into a format that is been received by the lions of MD 6. Very low participation has been experienced in the last few years. Clubs do not seem to be taking advantage of the awards for their members and community members for the order numbers are very low. I would like to encourage clubs to recognize someone with a Humanitarian or Ann Sullivan award this year.
The Colorado Lions Foundation will be operating on a calendar year rather than a fiscal year starting on January 2016. You will find future year-end reports will reflect information from January 1 to December 31. The year-end report will still be given at the MD 6 Convention.
Thank you for your support
PDG Walter Lemon
CLF President
The Colorado Lions Foundation has 11 accounts they are managing
as of the end of June 2015.
The CLF Assets $1,222,477.58
MD 6 Assets managed by CLF $ 41,387.15
Clubs Assets managed by CLF $ 328,541.55
Retained Earnings $8,152.33
TOTAL ASSETS $1,600,558.61
Funds supporting the CLF in the year 2014-15 come from the purchase of
Humanitarian Awards $6,000
Ann Sullivan Awards $1,700
Sustaining Member pins $ 415
Clubs contributions $7,850
Green money EJ $19,730
Million Dollar Pin $1,360
Miscellaneous income $35
TOTAL INCOME $37,090
Grants approved in 2014-15 Lions Year
Membership Grants
Gill Lions Club $343
Aurora Lions $49
Plateville Lions $49
Ensight Skill Center $3,333
Colorado Lions Camp $11,186
Denver Five Points 1,000
Student Scholarships $ 5,000
Red money to EJ $11,130
TOTAL $32,090
Operating expenses
Accounting fees $225
Bond $225
Bank Charges $39
Office Supplies $21
Postage & Shipping $623
Meeting Expense $37
Travel & Lodging $1,085
Other Expense $10
TOTAL EXPENSES $2,436
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