Veterans Golf Club of Victoria
Treasurer's report for the year 2017.
Gentlemen
I am pleased to present the Financial Report for the year ended 31 st December 2017.
We have again had an enjoyable year.
The aim of your committee for 2017 was to start to drawdown our funds in the bank account and as this report shows we had an expected loss of $670 compared to a loss last year of $1214. For 2018 our budget is for a small surplus.
The monthly raffle continues to be successful and contributed $3,126 thanks to the generosity of members. The committee thanks all members for their support.
New members increased our annual subscriptions to $2,490 an increase of $300. I expect a further increase for 2018.
Green Fees showed a loss, as expected, of $2858.
The financial status of the club is still sound, as we currently have $7,308 in the bank.
Stock on hand of our club clothing decreased by $90 to $444.
Secretarial expenses were $94 less than last year.
Most golf course charges for 2018 have increased and your committee believes that we cannot maintain the present fee structure which unless changed would decrease our bank funds by around $1,800. Therefore it will be proposed at the February general meeting to increase golf fees by $5 to $45 per round.
David Vine
Honorary Treasurer, 1stJanuary 2017
Moved acceptance of Reports: Peter Ross Seconded: Peter Charlewood
5. Annual Subscription and Match Fee
President Bernie advised the meeting that the outgoing
committee has recommended the following:
a) That the annual subscription fee remains the same as last year, namely $30.
b) The monthly match competition fee is increased from $40 to $45 to cover the increased prices at the golf courses we play.
c) Where a member plays at their host club, their fee remains at $10 per match to cover the cost of lunch.
d) The joining fee remains at $30.
He asked if someone would like to move a motion to that
effect -
Moved: Ken Pride Seconded: Peter Ross
All those in favour - Carried
6. Life Membership for David Vine
President Donald proposed that our Club Treasurer, David Vine is made a Life Member of this Club. The honour of life membership is in recognition of David's outstanding services and commitment to the Club. He has also achieved the required number of points (60) as per the Club's Constitution (part 7).
Moved: Donald MacDonald. Seconded: Bernie Coyle.
All those in favour - Carried.
7. Election of Office Bearers for 2017
efore we move to the election of Office Bearers, I would like take a moment to acknowledge the fact that our Vice President, Gary Finnis is retiring from the Committee after many years of outstanding service to the success of this Club.
His contribution has been exemplary and I would like to present Gary with a letter of appreciation on behalf of the members. Many thanks Gary and may you enjoy many more years of golf at the Vets.
In accordance with Section 11 of the Constitution, all office
bearers have resigned. All members were sent a nomination form for committee
positions and we have received only one nomination for each position.
In accordance with tradition, Past President Bernie Coyle was asked to conduct the election for the 2018 Club President. Bernie thanked the members for the opportunity to start the 2018 elections.
1. One nomination has been received for President and he is Donald MacDonald, nominated by Jeff Stevens and seconded by Daryl Edwards. There being no other nominations Donald was declared elected as President for 2018.
Bernie then vacated the chair and Donald took the Chair and thanked Bernie for his assistance.
2. Roger Selwood was nominated for Vice President by Gary Finnis and seconded by Jeff Taylor. As there were no other nominees, he was declared elected.
3. Harold Hayes was nominated for Captain by Laurie Comerford and seconded by Jeff Taylor. No other nominees, he was declared elected.
4. Jeff Stevens was nominated as Vice Captain by Ray Desmond and seconded by Gary Finnis. No other nominees, he was declared elected.
5. David Vine was nominated as Treasurer by Laurie Comerford and seconded by Harold Hayes. No other nominees, he was declared elected.
6. Jeffrey Taylor was nominated as Secretary by Ray Desmond and seconded by Laurie Comerford. No other nominees, he was declared elected.
7. Ray Desmond was nominated as Handicapper by Harold Hayes and seconded by Jeff Stevens. No other nominees, he was also declared elected.
8. Daryl Edwards was nominated as Marketing Manager by Ray Desmond and seconded by Laurie Comerford. No other nominees, he was declared elected.
9. Laurie Comerford was nominated as Webmaster by Daryl Edwards and seconded by Ray Desmond. No other nominees, he was declared elected.
Donald asked Roger Selwood to join all the others at the Committee table. On behalf of the members, he thanked all those on the 2018 Committee for volunteering their services to the Club. He expressed confidence in the 2018 Committee and said that he was sure that we would keep moving ahead this year as we have done in previous years.
8. General Business
Donald asked if there was any General Business?
No General Business item was mentioned.
9. Meeting Closure
He then wished all members a happy, healthy and successful 2018 and closed the meeting at 1.45 pm.
Jeff Taylor
Honorary Secretary 19th February 2018
Last updated: 10 June 2018