Temecula Valley Rose Society Finance Committee Minutes
Meeting Location: 46261 Hunter Trail, Temecula, CA
Monday, December 9, 2013 from 1 p.m. to 3 p.m.


Call to order at 1:10 p.m.

Attendees: _x_ Bonnie Bell, _x_ Frank Brines,  _x_ Jeanne Brubaker,  _x_ Ron Rumbold,

 _x_ Rebecca Weersing

Ř  Review reports for Thursday, December 12, 2013 Board meeting

o   Balance Sheet – authorized Treasurer to make necessary Journal Entries related to Loan Forgiveness and Unrestricted Net Assets. Adjustments reflected in Retained Earnings account

o   Detailed Income & Expense Report – Newly acquired  Volunteer Accident Insurance (see page 3 Rose Haven, sub-account Operations) covers period December 2013 to March 2015


Ř  Budget: A budget is a planning tool that reflects an organization’s programs, mission, and strategic plan. Typically the budgeting process should begin at least three months before the end of the fiscal year to ensure that the budget is approved by the Board of Directors before the start of the new year. For 2013 budget discussions began in mid-August after the Strategic Planning Meeting and continued through November with the various committees.

o   MOTION: To present on Thursday, the Finance Committee Proposed 2014 Budget to the Board of Directors for adoption.  Moved by Bonnie Bell, Second by Jeanne Brubaker; Carried  Unanimously

Ř  General Discussion – for Community Outreach & Education Workshops such as those being held at Harveston Senior Complex, it was decided to request donations rather than charge a materials fee

Ř  Determine agenda items for Tuesday, January 7, 2014 Finance Committee meeting

o   Review year-end reports

o   Create a 2014 plan for pursuing Grants/Long-Term Funding/Endowments

o   Establish a sub-committee to meet and discuss development of a Community Fund-Raising Event, possibly at a Wine Country winery

Adjourn at 2:20 p.m.

Submitted, Rebecca Weersing