January 9, 1984
EXHIBIT 13
At the October meeting of the Board of Trustees of the Kiwanis International Fotmdation, the Board approved the establishment of the Goerge F. Hixson Fellowship, named in honor of Kiwanis-' first president. Subsequently, the Development Cammi ttee of the Fotmdation drafted a case statement and met with President Aubrey to discuss the program.
The Tablet of Honor has a built-in enigma: namely, individuals are apprehensive about honoring thernsel ves. The Hixs:on Fellowship, designed after the Rotary Paul Harris Fellowship (one cannot ignore a success story--Paul Harris Fellowships brought in over $11 million for the Rotary F01mdation last year) , will hopefully be the al tema- ti ve. It will also serve as a.method of contributing more than $1,000 to the Kiwanis International Foundation. Current thought is that the Hixson Fellowship contribution will be $1,000, but effective October 1, 1984, will increase to $2,500. The Develop- ment Committee of the Kiwanis International Fotmdation has set a goal of 250 Fellowships pledged, by the Kiwanis International Convention in Phoenix, Arizona.
In order to achieve that goal, the Committee feels that all of the officers and trustees of the Kiwanis International Board rust support, endorse, and help to promote the
Fellowship. In addition, there will be created a Hixson Campaign Committee, consisting
of one person from each the Kiwanis International Board, the Kiwanis International
Foundation Board, the Past International Presidents, the Past Kiwanis International
Trustees, the current Governors, the past Governors, and the Kiwanis International
Fotmdation District Chairmen. It is hoped that an interested voltmteer from the Kiwanis
International Board will step forward at this meeting, to this committee, which will
meet by February 20, 1984.
At their first meeting the Hixson Committee will finalize for publicity, prorotion, budget and recognition. Of those items only recognition has been discussed to any great extent ..
Hixson Fellows should be recognized not only at the Kiwanis International convention but also at the club and district levels, in order to create a program to which every Kiwanian will long to belong. Current thought is that a cast, numbered metal, bearing the likeness of George F. Hixson will be htmg arm.md the donor's neck at a club meeting, but will thereafter be motmted in a shadow box plaque.
In addition the donor will receive either a tie tac or ladies stick pin, to proudly wear at Kiwanis ftmctions, distinguishing him/her from all other persons.
Respectfully submitted,
Raymond W. Lansford, Trustee Kiwanis International Foundation for
H. Lee Powell, Jr., Vice President and Acting Chairman,
Kiwanis International Fotmdation
EXHIBIT 14
REPORT OF THE BOARD COMMITTEE ON FINANCE AND ADMINISTRATION TO THE MEETING OF THE INTERNATIONAL BOARD OF TRUSTEES
January 7-10, 1984
Date of Cammi ttee Meet1ing: January 8, 1984 General Office Place of Committee Meeting:
Present: Members - Frank J. DiNoto, Raymond W. Lansford, Henry L. "Les" Myers, Jr. , Donald E. Williams
1.
Chairman - Mark Arthur, Jr.
Staff - Bill Berry, Les Atwood
1982-1983 Financial Report.
The Committee reviewed, with the representative of Wolf and Company, their preliminary financial report for the year ended September 30, 1983. He pointed out that certain changes were neceRsary in the presentation format for the annual report because of prior Board action pertaining to International Convention and General Liability Insurance Accounting procedures. Due to the change in the handling of Life Member income, a prior year adjustment was necessary to the current year revenues and expenses. After this adjustment, the unrestricted fund finished the year, well over budget.
A draft of the proposed narrative to be included as a part of the financial statement, which deals with the nonfinancial matters of Kiwanis International, was discussed. It was decided this report did not contain enough detail, in explaining the financial statements, and such an explanation was requested to be added by staff before publication.
Wolf and Company also discussed the management letter. Other than the recent problem with the Accounts Receivable, no significant weaknesses were found.
Upon recommendation of Wolf and Company, and concurrence by staff, the Committee recommends a change in the guidelines for capitalizing of fixed assets. Currently the criteria is that an asset which will be in use for more than one year and cost over two hundred dollars will be capitalized. It is recommended the dollar amount be changed to five hundred dollars.
2.
Recommendation #1:
The Committee recommends, effective immediately, increasing the monetary value of a purchase to qualify as capital asset to five hundred dollars.
Mr. Presidentj I move recommendation #1 be adopted.
Transfer of Operating Fund Equipment to Capital Improvement Fund.
The Staff presented a proposal to transfer all capital assets out of the Operating Fund to the Capital Improvement Fund so that all Capital assets would be located in one fund. After conferring
with the representative from Wolf and Company, the Committee recommends authorization for this transfer.
Recommendation #2:
The Committee recommends the transfer of all Capital assets from the Operating Fund to the Capital Improvement Fund effective September 30, 1983 and request Wolf and Company to make appropriate changes in our financial statements for 1982-83.
Mr. President, I move Recommendation #2 be adopted.
3. Non-qualified Pension Supplement.
The Committee received from Staff additional information pertinent to the non-qualified Pension Supplement proposal. This information will be further reviewed and any additional questions forwarded to
Staff prior to the April Board Meeting so that possible action may be taken at that time.