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Trust Fund Minutes
Trust Fund Minutes
Present: Ric Stubbings, Steve Phelan, Chrissy Grant & David Long
1. Previous minutes:
Read and confirmed
Moved: Ric Seconded: Chrissy
2. Correspondence In:
Flowerdale Kinder/Early Learning Centre
Flowerdale Tennis Club
Both requesting funds for their organisation for project shortfalls.
ACTION: both letters are to be posted on the blog and sent to contacts list via Julie Bateman for
community viewing, further requests for funds will be considered upon submissions.
3. Bank balance at 30/07/2010 was $67,745.98 – approx interest per month $110.00
(Business trust account .01cent from original account)
4. Ric has mentioned Flowerdale Recovery Committee (FRC) is winding up in December. FRC has
announced combined meeting with Community Group Leaders and require a representative
member of the Flowerdale Trust Committee to be present to discuss the possible distribution of
all money to various Community Groups.
ACTION: Trust Committee to contact Julie Bateman to send out information to all community
groups in regards to proposed distribution of Trust Fund Money.
6. The Committee unanimously agreed to write 2 cheques from the inward correspondence:
A chq for $10,000 to Flowerdale Kinder/Early Learning Centre (this is in line of the
donation from Buddhist Community specifically requested to go to the children of
Flowerdale).
A chq for $10,000 Flowerdale Tennis Club to help with a funding shortfall for the new
tennis courts. It was agreed that they are helping our community through sport as per
other donations.
7. General funds left over to be agreed upon on the 22 nd November at Community Groups Leaders
meeting with the FRC or other suggestions welcome for consideration at next meeting in
December. The amount of $47,745 left over has been suggested to be divided into 6 community
groups ($7,957 per group) -– Primary School, Kinder, CFA, Tennis Club, Cricket Club &
Community House – maybe nominate extra money to Community House for all extra groups).
Present: Ric Stubbings, Steve Phelan, David Long & Chrissy Grant
1. Previous minutes:
Read and confirmed
Moved: Steve Seconded: David
Trust Account has received $500.00 from Naval Association of Australia – banked 22.10.10.
It was unanimously agreed that the suggestion of the 6 Community Groups receive the funds.
However, this will be tabled at the Community Leaders Group meeting with FRC on 22 nd
November. A possible final meeting of the Trust Account Committee will be held on the13 th
January, 2011 and all monies should be disbursed.
After 13th January 2011 all financial information and paperwork will be sent to Russell Collins
- Accountant for full Audit trail.
3. FRC have asked for representative for meeting. Chrissy Grant & David Long will attend, Steve is
an apology.
Taking this into amount the final amount in a six way split will be $7687.39 plus some interest.
It was noted that there was an error distribution figure ($7957 in a 6 way split) on previous
minutes as the Bawinangana Arts Grant funding cheque for community house ($2340.80) was
only recently cleared and not factored in.