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From: "Lula Reynolds" <klarm@bellsouth.net>


Your report on the money situation for us sounds so good I think youi should
make that same report at the picnic.  You do have a way with words.

-----Original Message-----
From: Judyhunt1@aol.com <Judyhunt1@aol.com>
To: iris-talk@onelist.com <iris-talk@onelist.com>
Date: Monday, August 09, 1999 10:05 PM
Subject: [iris-talk] Re:OT:SALES

>From: Judyhunt1@aol.com
>Timely subject, Walter.
>Our club is in the process of deciding what to do with some of the excess
>funds in our treasury.  After reading what one of the California clubs (San
>Francisco, I think) has in reserve, ours is evidently not so large, after
>It is our policy to donate ten percent of our sale proceeds to our region.
>We also have speakers come from out of state once or twice a year.  We are
>building a library collection for the club, adding several reference books
>year.  Now, we are proposing that the club donate several more "World of
>Irises" books to our local public library system so that it will be
>in about twelve more branches.  Also, we are proposing to fund an annual
>scholarship to the local technical college for their horticulture school.
>These proposals are to be brought before the membership at our upcoming
>meeting, so I will know definitely what we will be doing after the 21st.
>We have had several years of excellent sale proceeds.  This year was the
>first in at least eight or ten years that we did not surpass the previous
>year's sale income by a significant amount.  Most of us attribute this
>results to the terrible heat and drought we have had for weeks.  Not too
>people are thinking about adding more plants to their gardens -- except for
>us iris addicts, of course!
>We certainly need to keep some padding in our treasury in the event we have
>very bad sale year in the future, but I don't think it is a good idea for
>club to keep thousands upon thousands of dollars squirreled away.  After
>we are not in this to make money -- we are "nonprofit" groups.  And, in
>clubs in which I have been involved (not iris), overblown treasuries have
>to much strife within the organization.  Power struggles are really ugly.
>My two cents worth...
>Judy Hunt in Louisville, KY
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